M&T Bank Corp Cuts Stock Holdings in Evergy Inc. $EVRG

Key Points

• M&T Bank slashed its Evergy stake by 88.2% in Q4, selling 148,101 shares and leaving it with 19,782 shares valued at about $1.36 million.
• Evergy pays a quarterly dividend of $0.695 (annualized $2.78) for a yield of 3.4% and a payout ratio around 75.8%, signaling a meaningful income component but relatively high payout.
• Analysts are broadly positive with an average rating of “Moderate Buy” and an average target of $89.30, while the stock trades near $81.33 within a 52‑week range of $63.29–$85.27.

M&T Bank Corp lowered its stake in shares of Evergy Inc. (NASDAQ:EVRG - Free Report) by 88.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,782 shares of the company's stock after selling 148,101 shares during the period. M&T Bank Corp's holdings in Evergy were worth $1,361,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of EVRG. Harbor Capital Advisors Inc. purchased a new position in Evergy during the fourth quarter worth approximately $27,000. Accredited Wealth Management LLC raised its stake in Evergy by 1,310.3% during the third quarter. Accredited Wealth Management LLC now owns 409 shares of the company's stock worth $31,000 after purchasing an additional 380 shares during the period. Sentry Investment Management LLC purchased a new position in Evergy during the third quarter worth approximately $41,000. TOWER TRUST & INVESTMENT Co purchased a new position in Evergy during the fourth quarter worth approximately $42,000. Finally, Root Financial Partners LLC purchased a new position in Evergy during the third quarter worth approximately $44,000. Hedge funds and other institutional investors own 87.24% of the company's stock.

Evergy Price Performance

Evergy stock opened at $81.33 on Thursday. Evergy Inc. has a 52-week low of $63.29 and a 52-week high of $85.27. The firm has a fifty day moving average of $81.99 and a 200-day moving average of $78.08. The firm has a market capitalization of $18.73 billion, a P/E ratio of 22.16, a PEG ratio of 2.12 and a beta of 0.61. The company has a quick ratio of 0.27, a current ratio of 0.49 and a debt-to-equity ratio of 1.27.

Evergy (NASDAQ:EVRG - Get Free Report) last released its quarterly earnings data on Saturday, January 31st. The company reported $0.42 earnings per share (EPS) for the quarter. Evergy had a net margin of 14.35% and a return on equity of 8.79%. As a group, analysts predict that Evergy Inc. will post 4.25 EPS for the current year.

Evergy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Tuesday, March 10th were issued a $0.695 dividend. The ex-dividend date was Tuesday, March 10th. This represents a $2.78 dividend on an annualized basis and a yield of 3.4%. Evergy's payout ratio is currently 75.75%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. BMO Capital Markets increased their price target on shares of Evergy from $82.00 to $87.00 and gave the stock an "outperform" rating in a research note on Monday, February 23rd. Citigroup increased their price objective on shares of Evergy from $89.00 to $95.00 and gave the stock a "buy" rating in a research report on Friday, February 20th. BTIG Research assumed coverage on shares of Evergy in a research report on Thursday, April 9th. They issued a "buy" rating and a $99.00 price objective for the company. Bank of America dropped their price objective 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. Finally, UBS Group lowered shares of Evergy from a "buy" rating to a "neutral" rating and increased their price objective for the stock from $86.00 to $88.00 in a research report on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Evergy presently has an average rating of "Moderate Buy" and an average target price of $89.30.

Insider Buying and Selling at Evergy

In other Evergy news, SVP Charles L. King sold 2,440 shares of the company's stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $82.19, for a total value of $200,543.60. Following the completion of the transaction, the senior vice president directly owned 18,359 shares of the company's stock, valued at $1,508,926.21. This represents a 11.73% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Ann D. Murtlow sold 2,847 shares of the company's stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $82.34, for a total transaction of $234,421.98. Following the completion of the transaction, the director directly owned 2,311 shares of the company's stock, valued at approximately $190,287.74. The trade was a 55.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 8,937 shares of company stock valued at $736,492 in the last ninety days. 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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