Alpine Woods Capital Investors LLC Takes $6.34 Million Position in Evergy Inc. $EVRG

Key Points

• Alpine Woods Capital Investors acquired 73,415 Evergy shares worth approximately $6.34 million in the second quarter, making Evergy about 1.4% of its portfolio. Institutional investors collectively own 87.24% of the utility’s stock.
• Evergy reported quarterly EPS of $0.88, beating estimates of $0.81, while revenue reached $1.50 billion versus expectations of $1.36 billion. The company maintained fiscal 2026 EPS guidance of $4.14 to $4.34.
• Evergy declared a quarterly dividend of $0.695, equivalent to an annualized $2.78 payout and a 3.3% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $90.60.

Alpine Woods Capital Investors LLC purchased a new position in shares of Evergy Inc. (NASDAQ:EVRG - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 73,415 shares of the company's stock, valued at approximately $6,345,000. Evergy makes up about 1.4% of Alpine Woods Capital Investors LLC's investment portfolio, making the stock its 20th largest holding.

A number of other institutional investors have also modified their holdings of the company. Cullen Frost Bankers Inc. grew its stake in shares of Evergy by 4.9% in the fourth quarter. Cullen Frost Bankers Inc. now owns 316,511 shares of the company's stock worth $22,944,000 after acquiring an additional 14,907 shares in the last quarter. Vestcor Inc grew its stake in Evergy by 49.6% during the 4th quarter. Vestcor Inc now owns 174,330 shares of the company's stock worth $12,637,000 after purchasing an additional 57,795 shares in the last quarter. Qsemble Capital Management LP grew its stake in Evergy by 295.4% during the 4th quarter. Qsemble Capital Management LP now owns 105,780 shares of the company's stock worth $7,668,000 after purchasing an additional 79,029 shares in the last quarter. Fulcrum Asset Management LLP increased its holdings in Evergy by 119.1% during the 4th quarter. Fulcrum Asset Management LLP now owns 43,867 shares of the company's stock worth $3,180,000 after purchasing an additional 23,842 shares during the period. Finally, RIA Advisory Group LLC acquired a new stake in Evergy in the fourth quarter valued at approximately $967,000. 87.24% of the stock is owned by institutional investors and hedge funds.

Evergy Stock Performance

Shares of EVRG opened at $83.42 on Wednesday. The company has a 50-day simple moving average of $84.81 and a 200-day simple moving average of $82.74. The company has a quick ratio of 0.21, a current ratio of 0.36 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $19.23 billion, a PE ratio of 21.17, a P/E/G ratio of 2.18 and a beta of 0.54. Evergy Inc. has a 52-week low of $70.42 and a 52-week high of $88.62.

Evergy (NASDAQ:EVRG - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.81 by $0.07. Evergy had a net margin of 15.19% and a return on equity of 9.20%. The firm had revenue of $1.50 billion during the quarter, compared to analysts' expectations of $1.36 billion. During the same quarter last year, the business earned $0.82 earnings per share. Evergy has set its FY 2026 guidance at 4.140-4.340 EPS. Equities research analysts predict that Evergy Inc. will post 4.25 earnings per share for the current fiscal year.

Evergy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Tuesday, August 18th will be issued a $0.695 dividend. The ex-dividend date is Tuesday, August 18th. This represents a $2.78 dividend on an annualized basis and a dividend yield of 3.3%. Evergy's dividend payout ratio is currently 70.56%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Citigroup raised their price target on Evergy from $95.00 to $97.00 and gave the stock a "buy" rating in a research note on Friday, July 24th. Weiss Ratings restated a "buy (b)" rating on shares of Evergy in a research note on Friday, August 7th. BTIG Research set a $97.00 target price on shares of Evergy in a report on Thursday, July 23rd. Wells Fargo & Company set a $87.00 target price on shares of Evergy in a research note on Tuesday, April 21st. Finally, Barclays boosted their target price on Evergy from $89.00 to $94.00 and gave the company an "overweight" rating in a report on Tuesday, June 30th. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $90.60.

Insider Buying and Selling at Evergy

In related news, EVP Charles A. Caisley sold 10,787 shares of the stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $83.46, for a total value of $900,283.02. Following the sale, the executive vice president directly owned 37,789 shares of the company's stock, valued at approximately $3,153,869.94. This represents a 22.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 the firm's stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $83.31, for a total transaction of $63,398.91. Following the transaction, the director owned 1,680 shares of the company's stock, valued at $139,960.80. This trade represents a 31.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 12,748 shares of company stock valued at $1,061,870 in the last ninety days. Corporate insiders own 1.52% of the company's stock.

Evergy Company 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.

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