Evergy Inc. $EVRG Stock Position Raised by Alps Advisors Inc.

Key Points

• Alps Advisors increased its Evergy stake by 7.7% in the third quarter, adding 27,141 shares to reach 379,417 shares valued at about $29.8 million. Institutional investors collectively own 87.24% of the company.
• Evergy reported quarterly earnings of $2.58 per share and revenue of $2.10 billion, topping analyst estimates; it also raised its 2026 adjusted EPS outlook to $4.35–$4.50.
• The utility raised its quarterly dividend 4% to $0.7225 per share ($2.89 annualized), a yield of about 3.3%. Analysts have a consensus “Moderate Buy” rating and an average $90 price target.

Alps Advisors Inc. lifted its position in Evergy Inc. (NASDAQ:EVRG - Free Report) by 7.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 379,417 shares of the company's stock after acquiring an additional 27,141 shares during the quarter. Alps Advisors Inc. owned 0.16% of Evergy worth $29,761,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Magellan Asset Management Ltd purchased a new stake in Evergy during the second quarter valued at about $187,857,000. Legal & General Group Plc acquired a new position in Evergy during the second quarter worth approximately $138,233,000. Dimensional Fund Advisors LP grew its holdings in shares of Evergy by 1.9% during the first quarter. Dimensional Fund Advisors LP now owns 1,373,291 shares of the company's stock worth $112,497,000 after purchasing an additional 25,881 shares during the last quarter. Energy Income Partners LLC bought a new position in shares of Evergy in the second quarter valued at approximately $110,394,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Evergy by 9.1% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,160,181 shares of the company's stock valued at $100,274,000 after buying an additional 96,765 shares during the period. 87.24% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Evergy

Here are the key news stories impacting Evergy this week:

• Positive Sentiment: Evergy reported Q3 earnings of $2.58 per share, above the $2.33 consensus, while revenue of $2.10 billion also topped estimates. Earnings grew from $2.03 per share a year earlier, with growth attributed to its Kansas Central and Metro businesses. Article: Evergy's Q3 Earnings and Revenues Beat Estimates, '26 EPS View Raised
• Positive Sentiment: The company raised its 2026 adjusted EPS outlook to $4.35–$4.50, above the cited FactSet estimate of $4.29. Higher guidance suggests management expects earnings momentum to continue. Article: Evergy Expects 2026 Adjusted EPS Range
• Positive Sentiment: Evergy increased its quarterly dividend 4% to $0.7225 per share, or $2.89 annualized—an indication of confidence in its cash generation and a modest boost to shareholder income.
• Positive Sentiment: Coverage of the earnings call highlighted customer demand and planned investment as growth themes, adding potential support to the company’s longer-term outlook. Article: Evergy Earnings Call Signals Strong Growth and Investment

Insider Transactions at Evergy

In related news, Director Jonathan Rolph bought 1,640 shares of the company's stock in a transaction that occurred on Friday, September 11th. The shares were acquired at an average price of $81.47 per share, with a total value of $133,610.80. Following the completion of the transaction, the director owned 670 shares of the company's stock, valued at $54,584.90. The trade was a -169.07% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.52% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. HSBC began coverage on Evergy in a report on Thursday, October 22nd. They set a "buy" rating and a $92.00 price objective on the stock. BMO Capital Markets dropped their target price on shares of Evergy from $89.00 to $85.00 and set an "outperform" rating for the company in a research report on Tuesday, October 13th. Wall Street Zen cut Evergy from a "hold" rating to a "sell" rating in a research report on Saturday. DA Davidson set a $85.00 target price on shares of Evergy in a report on Tuesday, October 13th. Finally, Citigroup upped their target price on Evergy from $95.00 to $97.00 and gave the stock a "buy" rating in a research note on Friday, July 24th. Ten equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Evergy has a consensus rating of "Moderate Buy" and an average price target of $90.00.

Evergy Stock Up 0.1%

Shares of NASDAQ EVRG opened at $87.54 on Friday. Evergy Inc. has a 1 year low of $71.40 and a 1 year high of $89.66. The firm has a market cap of $20.18 billion, a price-to-earnings ratio of 19.45, a PEG ratio of 2.24 and a beta of 0.49. 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 stock's 50-day simple moving average is $81.79 and its 200-day simple moving average is $82.26.

Evergy (NASDAQ:EVRG - Get Free Report) last released its earnings results on Thursday, November 5th. The company reported $2.58 earnings per share for the quarter, beating the consensus estimate of $2.33 by $0.25. The firm had revenue of $2.10 billion for the quarter, compared to analyst estimates of $1.93 billion. Evergy had a return on equity of 9.20% and a net margin of 15.19%. During the same quarter in the prior year, the firm posted $2.03 earnings per share. As a group, equities analysts anticipate that Evergy Inc. will post 4.27 earnings per share for the current fiscal year.

Evergy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, November 20th will be issued a $0.7225 dividend. This represents a $2.89 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Friday, November 20th. This is a positive change from Evergy's previous quarterly dividend of $0.6950. Evergy's dividend payout ratio is presently 70.56%.

About Evergy

Evergy, Inc is an investor-owned electric utility that generates, transmits, distributes and sells electricity to residential, commercial, industrial and municipal customers. The company operates regulated utilities in Kansas and Missouri, providing electric service through its Kansas Central, Kansas South, Missouri Metro and Missouri West operations.

Evergy's generation portfolio includes wind, solar, coal, natural gas and nuclear power. The company also owns an interest in the Wolf Creek Generating Station, a nuclear power plant in Kansas, and continues to invest in renewable energy, grid modernization and other infrastructure intended to support reliable electricity service.

Evergy was formed in 2018 through the merger of Westar Energy and Great Plains Energy, the parent company of Kansas City Power & Light.

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