Allworth Financial LP acquired a new position in Evergy Inc. (NASDAQ:EVRG - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 17,504 shares of the company's stock, valued at approximately $1,513,000.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Brighton Jones LLC bought a new position in shares of Evergy during the fourth quarter worth about $257,000. United Services Automobile Association bought a new stake in Evergy in the first quarter valued at approximately $223,000. Empowered Funds LLC boosted its holdings in Evergy by 19.5% in the first quarter. Empowered Funds LLC now owns 4,648 shares of the company's stock valued at $320,000 after acquiring an additional 758 shares during the last quarter. Woodline Partners LP increased its position in Evergy by 40.7% during the 1st quarter. Woodline Partners LP now owns 19,429 shares of the company's stock valued at $1,340,000 after purchasing an additional 5,618 shares during the period. Finally, Focus Partners Wealth increased its position in Evergy by 7.3% during the 1st quarter. Focus Partners Wealth now owns 13,791 shares of the company's stock valued at $951,000 after purchasing an additional 939 shares during the period. 87.24% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In other news, EVP Charles A. Caisley sold 10,787 shares of the firm's stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $83.46, for a total transaction of $900,283.02. Following the completion of the sale, the executive vice president owned 37,789 shares in the company, valued at $3,153,869.94. This trade represents a 22.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Sandra Aj Lawrence sold 761 shares of Evergy stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $83.31, for a total transaction of $63,398.91. Following the completion of the sale, the director directly owned 1,680 shares in the company, valued at $139,960.80. This trade represents a 31.18% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 12,748 shares of company stock valued at $1,061,870 over the last three months. Insiders own 1.52% of the company's stock.
Evergy Trading Down 2.7%
Shares of Evergy stock opened at $80.92 on Friday. Evergy Inc. has a 1 year low of $70.42 and a 1 year high of $88.62. The firm has a market cap of $18.66 billion, a PE ratio of 20.54, a P/E/G ratio of 2.16 and a beta of 0.54. The stock has a fifty day moving average price of $84.77 and a 200-day moving average price of $82.82. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.36 and a quick ratio of 0.21.
Evergy (NASDAQ:EVRG - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.88 earnings per share for the quarter, topping analysts' consensus estimates of $0.81 by $0.07. Evergy had a net margin of 15.19% and a return on equity of 9.20%. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the previous year, the firm earned $0.82 EPS. Evergy has set its FY 2026 guidance at 4.140-4.340 EPS. Equities research analysts anticipate that Evergy Inc. will post 4.25 EPS for the current year.
Evergy Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Tuesday, August 18th will be given a dividend of $0.695 per share. This represents a $2.78 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Tuesday, August 18th. Evergy's dividend payout ratio is currently 70.56%.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on EVRG shares. Citigroup boosted their target price on shares of Evergy from $95.00 to $97.00 and gave the company a "buy" rating in a report on Friday, July 24th. Weiss Ratings reiterated a "buy (b)" rating on shares of Evergy in a report on Friday, August 7th. BMO Capital Markets lifted their price objective on Evergy from $88.00 to $92.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 22nd. UBS Group boosted their price objective on Evergy from $88.00 to $91.00 and gave the company a "neutral" rating in a research note on Friday, May 8th. Finally, BTIG Research set a $97.00 target price on Evergy in a research report on Thursday, July 23rd. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $90.60.
View Our Latest Analysis on EVRG
About Evergy
(
Free Report)
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.
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Want to see what other hedge funds are holding EVRG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Evergy Inc. (NASDAQ:EVRG - Free Report).
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