Evergy Inc. $EVRG Position Increased by TD Private Client Wealth LLC

TD Private Client Wealth LLC grew its position in Evergy Inc. (NASDAQ:EVRG) by 930.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,326 shares of the company’s stock after buying an additional 6,615 shares during the quarter. TD Private Client Wealth LLC’s holdings in Evergy were worth $557,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in EVRG. Simplicity Wealth LLC bought a new stake in Evergy during the 2nd quarter valued at approximately $778,000. Synergy Asset Management LLC lifted its holdings in shares of Evergy by 100.0% during the third quarter. Synergy Asset Management LLC now owns 148,940 shares of the company’s stock worth $11,322,000 after buying an additional 74,470 shares during the last quarter. Wedmont Private Capital boosted its position in shares of Evergy by 11.8% in the second quarter. Wedmont Private Capital now owns 3,845 shares of the company’s stock valued at $265,000 after acquiring an additional 406 shares during the period. Leo Wealth LLC bought a new stake in shares of Evergy in the second quarter valued at approximately $1,399,000. Finally, Callan Family Office LLC acquired a new stake in shares of Evergy in the second quarter worth $413,000. Institutional investors and hedge funds own 87.24% of the company’s stock.

Wall Street Analyst Weigh In

EVRG has been the subject of several research analyst reports. Mizuho reiterated a “neutral” rating and set a $76.00 target price (down from $86.00) on shares of Evergy in a research note on Thursday, December 18th. Weiss Ratings restated a “buy (b-)” rating on shares of Evergy in a report on Monday, December 29th. Jefferies Financial Group increased their target price on shares of Evergy from $77.00 to $87.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. UBS Group lifted their target price on Evergy from $81.00 to $83.00 and gave the stock a “buy” rating in a research report on Wednesday, December 17th. Finally, Wells Fargo & Company raised Evergy to a “hold” rating in a report on Tuesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Evergy presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.75.

Evergy Price Performance

NASDAQ:EVRG opened at $76.44 on Friday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.30 and a current ratio of 0.52. The company has a 50-day moving average of $74.45 and a 200-day moving average of $73.56. Evergy Inc. has a 52 week low of $61.94 and a 52 week high of $79.32. The company has a market capitalization of $17.60 billion, a price-to-earnings ratio of 20.94, a PEG ratio of 3.06 and a beta of 0.67.

Evergy (NASDAQ:EVRG) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $2.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.14 by ($0.11). The business had revenue of $1.81 billion during the quarter, compared to analyst estimates of $2.24 billion. Evergy had a return on equity of 8.66% and a net margin of 14.45%.The business’s revenue for the quarter was down .1% on a year-over-year basis. During the same period last year, the company earned $2.02 EPS. As a group, equities research analysts anticipate that Evergy Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Friday, November 21st were given a dividend of $0.695 per share. This is a boost from Evergy’s previous quarterly dividend of $0.67. The ex-dividend date was Friday, November 21st. This represents a $2.78 annualized dividend and a dividend yield of 3.6%. Evergy’s dividend payout ratio is 76.16%.

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.