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Recent investment activity in Evergy shows significant changes. KBC Group NV increased its stake by 15.3%, now owning 12,275 shares worth $641,000. Jones Financial Companies Lllp raised its holdings by 41.3% with 2,947 shares valued at $154,000. The Manufacturers Life Insurance Company boosted its investment by 315.5%, owning 692,942 shares worth $36.17 million. Other firms like First Trust Advisors LP and Tower Research Capital LLC also increased their stakes. Overall, 87.24% of stocks are held by institutional investors.
Evergy Stock Update
Evergy shares opened at $61.27. Key metrics include a market cap of $14.09 billion, P/E ratio of 19.83, and a debt-to-equity ratio of 1.23. The stock’s twelve-month range is $46.92 to $62.58.
Earnings Overview
Evergy recently announced earnings of $0.90 per share for Q2, surpassing estimates. Revenue reached $1.45 billion, above analyst expectations of $1.32 billion. Analysts estimate a 3.84 EPS for the current fiscal year.
Dividend Info
Evergy declared a quarterly dividend of $0.6425 payable on September 20th, with a yield of 4.19% and a payout ratio of 83.17%.
Insider Sales
SVP Heather A. Humphrey sold 3,347 shares at $58.80 each. SVP Charles A. Caisley sold 9,236 shares at $59.63. In total, insiders sold 15,884 shares worth nearly $942k in the last 90 days, with 0.47% still held by insiders.
Analyst Ratings
Jefferies initiated coverage with a buy rating and $70 price target. UBS Group rated it as hold while Barclays revised their target to $64. Analysts generally rate it as a Moderate Buy with a target of $60.
About Evergy
Evergy, Inc. provides electricity generation, transmission, and distribution, utilizing sources like coal and renewable energy. It serves various sectors including residential, commercial, and municipal clients.
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