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Investor Activity in Evergy
Institutional investors increased their stakes in Evergy recently: KBC Group NV up 15.3% (12,275 shares, $641,000), Jones Financial up 41.3% (2,947 shares, $154,000), Manufacturers Life up 315.5% (692,942 shares, $36.17M), First Trust Advisors up 1.5% (2,095,851 shares, $109.4M), and Tower Research up 277.5% (47,639 shares, $2.48M). Overall, 87.24% of the stock is owned by institutional investors.
Current Trading Status
Evergy shares opened at $61.27. The company has a market cap of $14.09 billion and a P/E ratio of 19.83. The stock’s 12-month range is $46.92-$62.58.
Latest Earnings Report
Evergy reported $0.90 EPS for Q2, surpassing estimates of $0.89. Revenue was $1.45 billion, exceeding $1.32 billion predictions. Analysts forecast 3.84 EPS for the current fiscal year.
Dividends
The quarterly dividend of $0.6425 was paid on September 20th, yielding 4.19%, with an annualized dividend of $2.57 and a payout ratio of 83.17%.
Insider Transactions
SVP Heather A. Humphrey sold 3,347 shares for $196,803.60, and SVP Charles A. Caisley sold 9,236 shares for $550,742.68. In total, insiders sold 15,884 shares valued at $941,810 in the last 90 days.
Analyst Ratings
Jefferies initiated coverage with a “buy” rating and $70.00 target. UBS rated it “hold,” while Barclays raised their target to $64.00. The consensus rating is “Moderate Buy” with an average target of $60.00.
Company Overview
Evergy, Inc. operates in electricity generation and distribution across the U.S., utilizing a mix of energy sources including coal and renewables.
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