Evergy Inc. $EVRG Holdings Boosted by Prevail Innovative Wealth Advisors LLC

Prevail Innovative Wealth Advisors LLC raised its stake in Evergy Inc. (NASDAQ:EVRG) by 101.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,693 shares of the company’s stock after acquiring an additional 10,947 shares during the period. Prevail Innovative Wealth Advisors LLC’s holdings in Evergy were worth $1,649,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Synergy Asset Management LLC boosted its position in Evergy by 100.0% during the 3rd quarter. Synergy Asset Management LLC now owns 148,940 shares of the company’s stock valued at $11,322,000 after purchasing an additional 74,470 shares during the period. Caprock Group LLC acquired a new stake in Evergy in the third quarter worth $1,482,000. Kingsview Wealth Management LLC acquired a new stake in Evergy in the second quarter worth $246,000. ANTIPODES PARTNERS Ltd bought a new stake in Evergy in the third quarter valued at $72,860,000. Finally, iA Global Asset Management Inc. lifted its stake in Evergy by 207.0% in the third quarter. iA Global Asset Management Inc. now owns 22,624 shares of the company’s stock valued at $1,720,000 after buying an additional 15,254 shares during the last quarter. 87.24% of the stock is owned by institutional investors.

Insider Buying and Selling at Evergy

In other news, Director Ann D. Murtlow sold 2,847 shares of the company’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $82.34, for a total value of $234,421.98. Following the completion of the sale, the director directly owned 2,311 shares of the company’s stock, valued at approximately $190,287.74. This represents a 55.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.42% of the company’s stock.

Evergy Price Performance

Shares of EVRG opened at $83.36 on Monday. The firm has a market capitalization of $19.20 billion, a price-to-earnings ratio of 22.71, a price-to-earnings-growth ratio of 3.31 and a beta of 0.65. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.27 and a current ratio of 0.49. Evergy Inc. has a one year low of $61.94 and a one year high of $85.23. The stock’s fifty day moving average is $77.78 and its 200-day moving average is $75.85.

Evergy (NASDAQ:EVRG) last issued its quarterly earnings data on Saturday, January 31st. The company reported $0.42 earnings per share for the quarter. Evergy had a net margin of 14.35% and a return on equity of 8.79%. Equities analysts anticipate that Evergy Inc. will post 3.83 EPS for the current year.

Evergy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Tuesday, March 10th will be given a dividend of $0.695 per share. This represents a $2.78 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Tuesday, March 10th. Evergy’s payout ratio is 75.75%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on EVRG shares. Wall Street Zen upgraded shares of Evergy from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. Weiss Ratings reiterated a “buy (b-)” rating on shares of Evergy in a research report on Monday, December 29th. UBS Group lowered shares of Evergy from a “buy” rating to a “neutral” rating and boosted their target price for the company from $86.00 to $88.00 in a research note on Friday, February 13th. BMO Capital Markets upped their target price on shares of Evergy from $82.00 to $87.00 and gave the stock an “outperform” rating in a research report on Monday, February 23rd. Finally, Citigroup raised their price target on shares of Evergy from $89.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Evergy presently has a consensus rating of “Moderate Buy” and an average target price of $86.88.

About Evergy

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.