BI Asset Management Fondsmaeglerselskab A S Buys 28,680 Shares of Evergy Inc. $EVRG

Key Points

• BI Asset Management Fondsmaeglerselskab A S more than doubled its Evergy stake in Q1, buying 28,680 additional shares and bringing its total holding to 53,837 shares worth about $4.4 million.
• Evergy reported strong quarterly results, with EPS of $0.69 beating estimates and revenue of $1.44 billion topping expectations; the company also raised FY 2026 guidance to 4.14-4.34 EPS.
• The utility pays a quarterly dividend of $0.695 per share, implying an annualized yield of 3.3%, while analysts currently rate the stock a “Moderate Buy” with an average target price of $89.60.

BI Asset Management Fondsmaeglerselskab A S lifted its stake in shares of Evergy Inc. (NASDAQ:EVRG - Free Report) by 114.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 53,837 shares of the company's stock after acquiring an additional 28,680 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Evergy were worth $4,408,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of EVRG. MidFirst Bank bought a new stake in Evergy in the fourth quarter valued at $25,000. Harbor Capital Advisors Inc. bought a new position in shares of Evergy during the 4th quarter worth about $27,000. Accredited Wealth Management LLC boosted its position in shares of Evergy by 1,310.3% during the 3rd quarter. Accredited Wealth Management LLC now owns 409 shares of the company's stock worth $31,000 after purchasing an additional 380 shares in the last quarter. Prosperity Bancshares Inc bought a new position in shares of Evergy during the 4th quarter worth about $32,000. Finally, Triumph Capital Management grew its stake in shares of Evergy by 104.8% in the 4th quarter. Triumph Capital Management now owns 508 shares of the company's stock valued at $37,000 after buying an additional 260 shares during the period. 87.24% of the stock is owned by institutional investors.

Evergy Stock Up 0.9%

EVRG stock opened at $83.25 on Tuesday. Evergy Inc. has a twelve month low of $67.30 and a twelve month high of $85.27. The company has a quick ratio of 0.24, a current ratio of 0.45 and a debt-to-equity ratio of 1.29. The stock's 50 day moving average is $82.37 and its 200-day moving average is $79.51. The firm has a market capitalization of $19.19 billion, a PE ratio of 22.08, a P/E/G ratio of 2.14 and a beta of 0.55.

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

Evergy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, May 22nd were issued a dividend of $0.695 per share. This represents a $2.78 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Friday, May 22nd. Evergy's payout ratio is currently 73.74%.

Analyst Ratings Changes

A number of brokerages recently commented on EVRG. Weiss Ratings raised Evergy from a "buy (b-)" rating to a "buy (b)" rating in a research report on Monday, May 11th. UBS Group increased their price target on Evergy from $88.00 to $91.00 and gave the stock a "neutral" rating in a report on Friday, May 8th. BMO Capital Markets raised their price objective on Evergy from $82.00 to $87.00 and gave the company an "outperform" rating in a research note on Monday, February 23rd. BTIG Research initiated coverage on Evergy in a report on Thursday, April 9th. They set a "buy" rating and a $99.00 price objective for the company. Finally, Mizuho set a $82.00 target price on Evergy in a research report on Monday, February 23rd. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Evergy presently has an average rating of "Moderate Buy" and an average target price of $89.60.

Insider Buying and Selling at Evergy

In related news, Director Sandra Aj Lawrence sold 600 shares of the firm's stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $81.41, for a total transaction of $48,846.00. Following the transaction, the director directly owned 680 shares of the company's stock, valued at $55,358.80. This trade represents a 46.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Charles A. Caisley sold 10,787 shares of the firm'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 transaction, the executive vice president directly owned 37,789 shares in the company, valued at $3,153,869.94. The trade was a 22.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 12,748 shares of company stock valued at $1,061,870. Company insiders own 1.52% of the company's stock.

About Evergy

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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