B. Metzler seel. Sohn & Co. AG Takes Position in Evergy Inc. $EVRG

Key Points

• B. Metzler seel. Sohn & Co. AG acquired 75,096 Evergy shares during the second quarter, valued at approximately $6.5 million. Institutional investors collectively own 87.24% of the company.
• Analysts remain broadly positive, with eight Buy ratings and three Holds; Evergy has a “Moderate Buy” consensus and an average price target of $90.60.
• Evergy exceeded quarterly earnings and revenue expectations, reporting $0.88 EPS and $1.50 billion in revenue, while declaring a quarterly dividend of $0.695 per share, representing a 3.4% yield.

B. Metzler seel. Sohn & Co. AG purchased a new stake in shares of Evergy Inc. (NASDAQ:EVRG - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 75,096 shares of the company's stock, valued at approximately $6,491,000.

A number of other large investors have also recently made changes to their positions in EVRG. Kestra Advisory Services LLC increased its position in shares of Evergy by 0.8% during the 1st quarter. Kestra Advisory Services LLC now owns 15,829 shares of the company's stock valued at $1,297,000 after purchasing an additional 124 shares during the last quarter. Trilogy Capital Inc. grew its holdings in shares of Evergy by 0.3% in the second quarter. Trilogy Capital Inc. now owns 47,210 shares of the company's stock worth $4,080,000 after purchasing an additional 125 shares during the last quarter. Retirement Planning Group LLC grew its stake in Evergy by 0.6% in the first quarter. Retirement Planning Group LLC now owns 23,659 shares of the company's stock worth $1,938,000 after purchasing an additional 137 shares in the last quarter. Earned Wealth Advisors LLC lifted its position in shares of Evergy by 4.9% in the 1st quarter. Earned Wealth Advisors LLC now owns 2,946 shares of the company's stock worth $241,000 after purchasing an additional 137 shares during the period. Finally, Optiver Holding B.V. increased its holdings in shares of Evergy by 14.5% in the 1st quarter. Optiver Holding B.V. now owns 1,107 shares of the company's stock valued at $91,000 after acquiring an additional 140 shares during the period. 87.24% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Sandra Aj Lawrence sold 761 shares of the business'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 approximately $139,960.80. The trade was a 31.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Charles A. Caisley sold 10,787 shares of the company's stock in a transaction dated 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 directly owned 37,789 shares of the company's stock, valued at $3,153,869.94. This represents a 22.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 12,748 shares of company stock worth $1,061,870. 1.52% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

EVRG has been the topic of several research analyst reports. Barclays boosted their target price on Evergy from $89.00 to $94.00 and gave the stock an "overweight" rating in a research note on Tuesday, June 30th. BMO Capital Markets upped their price objective on shares of Evergy from $88.00 to $92.00 and gave the company an "outperform" rating in a report on Wednesday, July 22nd. Citigroup increased their price objective on shares of Evergy from $95.00 to $97.00 and gave the company a "buy" rating in a research report on Friday, July 24th. Weiss Ratings reissued a "buy (b)" rating on shares of Evergy in a research report on Friday, August 7th. Finally, BTIG Research set a $97.00 price objective on shares of Evergy in a research note on Thursday, July 23rd. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $90.60.

Evergy Stock Down 2.7%

NASDAQ EVRG opened at $80.92 on Friday. The business has a fifty day moving average price of $84.77 and a 200 day moving average price of $82.82. Evergy Inc. has a one year low of $70.42 and a one year high of $88.62. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.21 and a current ratio of 0.36. The company has a market cap of $18.66 billion, a P/E ratio of 20.54, a P/E/G ratio of 2.16 and a beta of 0.54.

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

Evergy Announces Dividend

The business 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. This represents a $2.78 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Tuesday, August 18th. Evergy's dividend payout ratio (DPR) is currently 70.56%.

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.

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source