Alpine Woods Capital Investors LLC Acquires 8,966 Shares of Evergy Inc. $EVRG

Alpine Woods Capital Investors LLC boosted its holdings in shares of Evergy Inc. (NASDAQ:EVRG) by 13.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 75,695 shares of the company’s stock after buying an additional 8,966 shares during the quarter. Evergy makes up approximately 1.5% of Alpine Woods Capital Investors LLC’s investment portfolio, making the stock its 20th largest position. Alpine Woods Capital Investors LLC’s holdings in Evergy were worth $6,201,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC bought a new position in shares of Evergy during the 4th quarter worth approximately $257,000. United Services Automobile Association bought a new stake in Evergy in the 1st quarter valued at $223,000. Empowered Funds LLC raised its stake in Evergy by 19.5% in the 1st quarter. Empowered Funds LLC now owns 4,648 shares of the company’s stock valued at $320,000 after acquiring an additional 758 shares during the period. Woodline Partners LP lifted its holdings in Evergy by 40.7% during the 1st quarter. Woodline Partners LP now owns 19,429 shares of the company’s stock valued at $1,340,000 after purchasing an additional 5,618 shares during the last quarter. Finally, Focus Partners Wealth lifted its holdings in Evergy by 7.3% during the 1st quarter. Focus Partners Wealth now owns 13,791 shares of the company’s stock valued at $951,000 after purchasing an additional 939 shares during the last quarter. Institutional investors own 87.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on EVRG shares. BTIG Research set a $97.00 price objective on shares of Evergy in a research report on Thursday, July 23rd. Barclays increased their price objective on shares of Evergy from $89.00 to $94.00 and gave the company an “overweight” rating in a research report on Tuesday, June 30th. Citigroup raised their target price on shares of Evergy from $95.00 to $97.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. BMO Capital Markets lifted their target price on shares of Evergy from $88.00 to $92.00 and gave the stock an “outperform” rating in a report on Wednesday, July 22nd. Finally, Weiss Ratings upgraded shares of Evergy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 11th. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $90.60.

Insider Transactions at Evergy

In other news, EVP Charles A. Caisley sold 10,787 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $83.46, for a total transaction of $900,283.02. Following the transaction, the executive vice president directly owned 37,789 shares of the company’s stock, valued at approximately $3,153,869.94. This trade represents a 22.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Sandra Aj Lawrence sold 600 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $81.41, for a total transaction of $48,846.00. Following the transaction, the director directly owned 680 shares in the company, valued at $55,358.80. This represents a 46.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 12,748 shares of company stock valued at $1,061,870 in the last three months. Insiders own 1.52% of the company’s stock.

Evergy Stock Down 0.3%

EVRG opened at $83.01 on Friday. Evergy Inc. has a fifty-two week low of $69.54 and a fifty-two week high of $88.62. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.24 and a current ratio of 0.45. The company has a market capitalization of $19.13 billion, a P/E ratio of 22.02, a P/E/G ratio of 2.16 and a beta of 0.54. The stock has a fifty day moving average of $84.61 and a 200-day moving average of $82.07.

Evergy (NASDAQ:EVRG) last announced its earnings results on Wednesday, May 6th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.06. Evergy had a net margin of 14.63% and a return on equity of 9.09%. The company had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter in the previous year, the business posted $0.54 earnings per share. Evergy’s quarterly revenue was up 5.0% on a year-over-year basis. On average, equities analysts expect that Evergy Inc. will post 4.25 EPS for the current year.

Evergy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, May 22nd were paid a $0.695 dividend. The ex-dividend date was Friday, May 22nd. This represents a $2.78 annualized dividend and a yield of 3.3%. Evergy’s payout ratio is 73.74%.

Evergy Company Profile

Evergy, Inc is a regulated electric utility that generates, transmits and distributes electricity to residential, commercial and industrial customers primarily across Kansas and western Missouri. The company provides core utility services including retail electric delivery, grid operations, customer service and outage restoration, operating under state regulatory frameworks. Evergy serves a mix of urban and rural communities, including portions of the Kansas City metropolitan area and other population centers in its service territory.

The company’s business activities span power generation, system planning, transmission and distribution infrastructure, and customer-facing programs such as energy efficiency and demand-side management.