Alpine Woods Capital Investors LLC Boosts Stock Position in Evergy Inc. $EVRG

Alpine Woods Capital Investors LLC increased its holdings in Evergy Inc. (NASDAQ:EVRG) by 15.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 57,561 shares of the company’s stock after acquiring an additional 7,648 shares during the quarter. Alpine Woods Capital Investors LLC’s holdings in Evergy were worth $4,376,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. AlphaCore Capital LLC purchased a new position in Evergy during the second quarter valued at $33,000. CYBER HORNET ETFs LLC bought a new position in shares of Evergy in the 2nd quarter worth about $42,000. Bfsg LLC increased its stake in shares of Evergy by 82.2% in the 2nd quarter. Bfsg LLC now owns 665 shares of the company’s stock worth $46,000 after acquiring an additional 300 shares in the last quarter. MUFG Securities EMEA plc purchased a new position in Evergy during the 2nd quarter valued at about $47,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in Evergy during the second quarter worth about $48,000. 87.24% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Jefferies Financial Group boosted their target price on Evergy from $77.00 to $87.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. Mizuho reaffirmed a “neutral” rating and issued a $76.00 price target (down previously from $86.00) on shares of Evergy in a research report on Thursday, December 18th. Barclays reissued an “outperform” rating on shares of Evergy in a research report on Thursday, October 9th. Wells Fargo & Company raised shares of Evergy to a “hold” rating in a report on Tuesday, October 28th. Finally, Royal Bank Of Canada upgraded shares of Evergy to a “moderate buy” rating in a research note on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $81.17.

Evergy Stock Performance

EVRG opened at $73.00 on Thursday. The company has a 50 day simple moving average of $75.81 and a two-hundred day simple moving average of $72.92. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.52 and a quick ratio of 0.30. The firm has a market cap of $16.80 billion, a P/E ratio of 20.00, a PEG ratio of 3.15 and a beta of 0.65. Evergy Inc. has a 1-year low of $59.67 and a 1-year high of $79.32.

Evergy (NASDAQ:EVRG) last released its quarterly earnings data 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 company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $2.24 billion. Evergy had a net margin of 14.45% and a return on equity of 8.66%. The company’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.02 EPS. Equities analysts forecast that Evergy Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, November 21st were paid a $0.695 dividend. The ex-dividend date of this dividend was Friday, November 21st. This is an increase from Evergy’s previous quarterly dividend of $0.67. This represents a $2.78 annualized dividend and a yield of 3.8%. Evergy’s payout ratio is 76.16%.

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.