Evergy Inc. Announces Quarterly Dividend of $0.69 (NASDAQ:EVRG)

Evergy Inc. (NASDAQ:EVRG) announced a quarterly dividend on Thursday, August 6th. Shareholders of record on Tuesday, August 18th will be paid a dividend of 0.695 per share on Friday, September 18th. This represents a c) dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Tuesday, August 18th.

Evergy has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 20 consecutive years. Evergy has a dividend payout ratio of 65.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Evergy to earn $4.55 per share next year, which means the company should continue to be able to cover its $2.78 annual dividend with an expected future payout ratio of 61.1%.

Evergy Stock Down 0.0%

Shares of NASDAQ EVRG traded down $0.02 during trading hours on Thursday, hitting $83.04. The stock had a trading volume of 2,089,756 shares, compared to its average volume of 2,068,056. 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 $19.14 billion, a P/E ratio of 22.03, a P/E/G ratio of 2.17 and a beta of 0.54. Evergy has a 52 week low of $70.42 and a 52 week high of $88.62. The firm’s 50-day moving average price is $84.57 and its two-hundred day moving average price is $82.31.

Evergy (NASDAQ:EVRG) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.07. Evergy had a net margin of 14.63% and a return on equity of 9.09%. The firm had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same period in the prior year, the company posted $0.82 earnings per share. Analysts anticipate that Evergy will post 4.25 EPS for the current fiscal year.

Insider Buying and Selling at Evergy

In other news, Director Sandra Aj Lawrence sold 600 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $81.41, for a total value of $48,846.00. Following the sale, the director owned 680 shares in the company, valued at approximately $55,358.80. This trade represents a 46.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Charles A. Caisley sold 10,787 shares of the company’s stock in a transaction dated 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 $3,153,869.94. This represents a 22.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 12,748 shares of company stock worth $1,061,870. 1.52% of the stock is currently owned by corporate insiders.

Institutional Trading of Evergy

Hedge funds have recently modified their holdings of the company. Brighton Jones LLC acquired a new position in shares of Evergy in the fourth quarter valued at $257,000. United Services Automobile Association acquired a new stake in Evergy during the first quarter worth $223,000. Empowered Funds LLC increased its holdings 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 buying an additional 758 shares during the period. Woodline Partners LP increased its holdings in Evergy by 40.7% in the 1st quarter. Woodline Partners LP now owns 19,429 shares of the company’s stock valued at $1,340,000 after buying an additional 5,618 shares during the period. Finally, Focus Partners Wealth raised its stake in shares of Evergy by 7.3% in the 1st quarter. Focus Partners Wealth now owns 13,791 shares of the company’s stock valued at $951,000 after buying an additional 939 shares in the last quarter. Institutional investors own 87.24% of the company’s stock.

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.