AXQ Capital LP Invests $2.20 Million in Evergy Inc. $EVRG

Key Points

• AXQ Capital LP initiated a new position in Evergy, buying 30,410 shares worth about $2.2 million. The stake represents roughly 0.5% of AXQ’s portfolio and is its 20th-largest holding.
• Evergy posted better-than-expected quarterly results, reporting EPS of $0.69 versus consensus estimates of $0.63 and revenue of $1.44 billion versus $1.27 billion expected. The company also raised its FY2026 guidance to $4.14-$4.34 EPS.
• The utility declared a quarterly dividend of $0.695 per share, equal to an annualized yield of about 3.5%. Meanwhile, analysts remain broadly positive, with a consensus rating of Moderate Buy and an average price target of $89.60.

AXQ Capital LP bought a new position in Evergy Inc. (NASDAQ:EVRG - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 30,410 shares of the company's stock, valued at approximately $2,204,000. Evergy accounts for approximately 0.5% of AXQ Capital LP's investment portfolio, making the stock its 20th largest holding.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Providence Financial Advisors LLC purchased a new stake in shares of Evergy in the 4th quarter worth about $312,000. BW Gestao de Investimentos Ltda. purchased a new position in Evergy during the 4th quarter valued at about $15,960,000. New Mexico Educational Retirement Board lifted its position in Evergy by 2.9% during the 4th quarter. New Mexico Educational Retirement Board now owns 10,650 shares of the company's stock valued at $772,000 after acquiring an additional 300 shares during the period. MUFG Securities EMEA plc lifted its position in Evergy by 114.4% during the 4th quarter. MUFG Securities EMEA plc now owns 9,446 shares of the company's stock valued at $685,000 after acquiring an additional 5,041 shares during the period. Finally, Edgemoor Investment Advisors Inc. lifted its position in Evergy by 2.8% during the 4th quarter. Edgemoor Investment Advisors Inc. now owns 90,591 shares of the company's stock valued at $6,567,000 after acquiring an additional 2,452 shares during the period. 87.24% of the stock is owned by hedge funds and other institutional investors.

Evergy Stock Performance

Shares of EVRG stock opened at $80.39 on Tuesday. The company has a 50 day moving average price of $82.06 and a 200-day moving average price of $78.85. Evergy Inc. has a 52 week low of $64.70 and a 52 week high of $85.27. The firm has a market capitalization of $18.53 billion, a PE ratio of 21.32, a P/E/G ratio of 2.13 and a beta of 0.55. The company has a quick ratio of 0.24, a current ratio of 0.45 and a debt-to-equity ratio of 1.29.

Evergy (NASDAQ:EVRG - Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.69 EPS for the quarter, topping analysts' consensus estimates of $0.63 by $0.06. Evergy had a net margin of 14.63% and a return on equity of 9.09%. The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same period in the previous year, the business posted $0.54 earnings per share. The business's revenue for the quarter was up 5.0% on a year-over-year basis. Evergy has set its FY 2026 guidance at 4.140-4.340 EPS. As a group, equities research analysts expect that Evergy Inc. will post 4.25 earnings per share for the current year.

Evergy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Friday, May 22nd will be given a dividend of $0.695 per share. This represents a $2.78 annualized dividend and a yield of 3.5%. The ex-dividend date is Friday, May 22nd. Evergy's payout ratio is 73.74%.

Insider Buying and Selling at Evergy

In other Evergy news, SVP Heather A. Humphrey sold 3,650 shares of Evergy stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $82.61, for a total transaction of $301,526.50. Following the transaction, the senior vice president owned 44,007 shares of the company's stock, valued at $3,635,418.27. The trade was a 7.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Charles L. King sold 2,440 shares of Evergy stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $82.19, for a total transaction of $200,543.60. Following the transaction, the senior vice president directly owned 18,359 shares in the company, valued at $1,508,926.21. This represents a 11.73% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 7,251 shares of company stock valued at $598,285 over the last 90 days. 1.52% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Wall Street Zen raised shares of Evergy from a "sell" rating to a "hold" rating in a research report on Saturday, February 21st. Barclays lifted their price target on shares of Evergy from $82.00 to $89.00 and gave the company an "overweight" rating in a research report on Monday, March 9th. Bank of America lowered their price target on shares of Evergy from $89.00 to $88.00 and set a "buy" rating for the company in a research report on Tuesday, April 14th. Citigroup lifted their price target on shares of Evergy from $89.00 to $95.00 and gave the company a "buy" rating in a research report on Friday, February 20th. Finally, BMO Capital Markets lifted their price target on shares of Evergy from $82.00 to $87.00 and gave the company an "outperform" rating in a research report on Monday, February 23rd. Eight investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $89.60.

Evergy 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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