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Recent investments in Evergy have changed significantly. KBC Group NV increased its stake by 15.3%, now owning 12,275 shares worth $641,000. Jones Financial Companies Lllp raised its ownership by 41.3%, totaling 2,947 shares valued at $154,000. The Manufacturers Life Insurance Company boosted its holdings by 315.5%, owning 692,942 shares valued at $36.17 million. First Trust Advisors LP’s stake increased by 1.5%, totaling 2,095,851 shares worth $109.4 million. Tower Research Capital LLC TRC grew its stake by 277.5%, now holding 47,639 shares valued at $2.49 million. Overall, 87.24% of Evergy’s shares are held by institutional investors.
Evergy Shares Update
Evergy shares opened at $61.27, with a market cap of $14.09 billion. The firm has a price-to-earnings ratio of 19.83, and a debt-to-equity ratio of 1.23. Its 12-month trading range is between $46.92 and $62.58.
Recent Earnings
Evergy reported earnings of $0.90 per share, above estimates of $0.89. Revenue was $1.45 billion, surpassing the forecast of $1.32 billion. Analysts project 3.84 EPS for the fiscal year.
Dividend Announcement
Evergy declared a quarterly dividend of $0.6425, yielding 4.19%, with a payout ratio of 83.17%.
Insider Selling
SVP Heather A. Humphrey sold 3,347 shares at $58.80, totaling $196,803.60. SVP Charles A. Caisley sold 9,236 shares at $59.63, valued at $550,742.68. In total, 15,884 shares worth $941,810 were sold by insiders in recent months.
Analyst Ratings
Brokerages have given Evergy a “Moderate Buy” consensus rating with a target of $60.00. Jefferies set a “buy” rating, targeting $70.00, while UBS changed its rating to “hold.”
About Evergy
Evergy, Inc. focuses on electricity generation, transmission, and sales in the U.S., utilizing coal, renewable sources, and natural gas.
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