OneDigital Investment Advisors LLC Buys Shares of 12,133 Evergy Inc. $EVRG

Key Points

• OneDigital Investment Advisors bought 12,133 Evergy shares valued at approximately $1.05 million, while several other institutions also initiated positions. Institutional investors collectively own 87.24% of the company.
• Analysts maintain a favorable outlook, with a consensus rating of “Moderate Buy” and an average price target of $90.60. Evergy recently exceeded quarterly earnings and revenue expectations.
• Evergy announced a quarterly dividend of $0.695 per share, or $2.78 annualized, representing a 3.3% yield. Insiders sold 12,748 shares worth about $1.06 million during the last quarter.

OneDigital Investment Advisors LLC bought a new position in Evergy Inc. (NASDAQ:EVRG - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm bought 12,133 shares of the company's stock, valued at approximately $1,049,000.

Other institutional investors have also modified their holdings of the company. Cura Wealth Advisors LLC acquired a new position in shares of Evergy during the 2nd quarter valued at about $389,000. Simplicity Wealth LLC acquired a new stake in Evergy during the second quarter worth about $543,000. Global Retirement Partners LLC acquired a new stake in Evergy during the second quarter worth about $237,000. Focus Partners Advisor Solutions LLC purchased a new position in Evergy during the second quarter worth about $585,000. Finally, State of Wyoming purchased a new position in Evergy during the second quarter worth about $230,000. Hedge funds and other institutional investors own 87.24% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on EVRG. BTIG Research set a $97.00 price target on shares of Evergy in a research note on Thursday, July 23rd. Barclays lifted their price target on shares of Evergy from $89.00 to $94.00 and gave the company an "overweight" rating in a research report on Tuesday, June 30th. BMO Capital Markets upped their price objective on Evergy from $88.00 to $92.00 and gave the company an "outperform" rating in a report on Wednesday, July 22nd. UBS Group increased their price objective on Evergy from $88.00 to $91.00 and gave the stock a "neutral" rating in a research report on Friday, May 8th. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Evergy in a research note on Friday, August 7th. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $90.60.

Insider Transactions at Evergy

In other Evergy news, Director Sandra Aj Lawrence sold 600 shares of the business'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 sale, the director directly owned 680 shares in the company, valued at $55,358.80. This represents a 46.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Charles A. Caisley sold 10,787 shares of the stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $83.46, for a total transaction of $900,283.02. Following the sale, the executive vice president directly owned 37,789 shares in the company, valued at $3,153,869.94. This represents a 22.21% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 12,748 shares of company stock worth $1,061,870 over the last quarter. Insiders own 1.52% of the company's stock.

Evergy Stock Down 0.1%

Evergy stock opened at $83.93 on Tuesday. The company has a market capitalization of $19.35 billion, a PE ratio of 21.30, a price-to-earnings-growth ratio of 2.18 and a beta of 0.54. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.21 and a current ratio of 0.36. Evergy Inc. has a fifty-two week low of $70.42 and a fifty-two week high of $88.62. The firm has a 50 day moving average price of $84.78 and a 200 day moving average price of $82.69.

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

Evergy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Tuesday, August 18th will be given a $0.695 dividend. This represents a $2.78 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Tuesday, August 18th. Evergy's payout ratio is currently 70.56%.

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.

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