Inspire Advisors LLC Has $4.49 Million Stock Holdings in Evergy Inc. $EVRG

Inspire Advisors LLC grew its holdings in Evergy Inc. (NASDAQ:EVRG) by 35.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 59,018 shares of the company’s stock after purchasing an additional 15,436 shares during the period. Evergy makes up about 0.4% of Inspire Advisors LLC’s portfolio, making the stock its 27th biggest position. Inspire Advisors LLC’s holdings in Evergy were worth $4,487,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of EVRG. Quantum Portfolio Management LLC grew its position in Evergy by 26.8% in the third quarter. Quantum Portfolio Management LLC now owns 5,490 shares of the company’s stock valued at $417,000 after acquiring an additional 1,162 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Evergy by 346.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,046,787 shares of the company’s stock valued at $155,597,000 after purchasing an additional 1,588,100 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of Evergy by 56.4% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 30,187 shares of the company’s stock valued at $2,295,000 after purchasing an additional 10,883 shares during the last quarter. Bfsg LLC lifted its stake in Evergy by 22.9% in the 3rd quarter. Bfsg LLC now owns 817 shares of the company’s stock valued at $62,000 after purchasing an additional 152 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB boosted its position in Evergy by 5.9% in the third quarter. Wilmington Savings Fund Society FSB now owns 21,016 shares of the company’s stock valued at $1,598,000 after buying an additional 1,167 shares in the last quarter. 87.24% of the stock is currently owned by institutional investors.

Evergy Trading Up 0.9%

NASDAQ EVRG opened at $76.44 on Monday. The firm has a market capitalization of $17.60 billion, a PE ratio of 20.94, a price-to-earnings-growth ratio of 3.09 and a beta of 0.67. The business’s 50-day moving average price is $74.45 and its two-hundred day moving average price is $73.62. The company has a current ratio of 0.52, a quick ratio of 0.30 and a debt-to-equity ratio of 1.20. Evergy Inc. has a 12 month low of $61.94 and a 12 month high of $79.32.

Evergy (NASDAQ:EVRG) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $2.03 EPS for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.11). Evergy had a return on equity of 8.66% and a net margin of 14.45%.The company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $2.24 billion. During the same period in the prior year, the firm earned $2.02 earnings per share. Evergy’s revenue was down .1% compared to the same quarter last year. On average, analysts expect that Evergy Inc. will post 3.83 EPS for the current year.

Evergy Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on EVRG. Royal Bank Of Canada upgraded Evergy to a “moderate buy” rating in a research note on Tuesday, October 28th. Wall Street Zen downgraded Evergy from a “hold” rating to a “sell” rating in a research report on Monday, December 22nd. Jefferies Financial Group lifted their price target on Evergy from $77.00 to $87.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. Wells Fargo & Company upgraded Evergy to a “hold” rating in a report on Tuesday, October 28th. Finally, Barclays reiterated an “outperform” rating on shares of Evergy in a report on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $82.75.

Evergy 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.