Oppenheimer Asset Management Inc. acquired a new stake in Evergy Inc. (NASDAQ:EVRG - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 203,422 shares of the company's stock, valued at approximately $17,582,000. Oppenheimer Asset Management Inc. owned approximately 0.09% of Evergy at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the business. Adage Capital Partners GP L.L.C. raised its holdings in shares of Evergy by 476.6% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 1,207,882 shares of the company's stock worth $87,559,000 after acquiring an additional 998,400 shares during the last quarter. Freestone Grove Partners LP lifted its position in Evergy by 321.1% in the 4th quarter. Freestone Grove Partners LP now owns 854,739 shares of the company's stock valued at $61,960,000 after acquiring an additional 651,738 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Evergy by 122.4% during the 4th quarter. Renaissance Technologies LLC now owns 811,202 shares of the company's stock valued at $58,804,000 after purchasing an additional 446,400 shares during the last quarter. BROOKFIELD Corp ON purchased a new position in shares of Evergy during the second quarter valued at approximately $29,644,000. Finally, Zimmer Partners LP grew its holdings in Evergy by 147.8% during the fourth quarter. Zimmer Partners LP now owns 137,500 shares of the company's stock worth $9,967,000 after buying an additional 425,000 shares in the last quarter. 87.24% of the stock is owned by institutional investors.
Insider Transactions at Evergy
In other news, Director Sandra Aj Lawrence sold 761 shares of the business's stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $83.31, for a total value of $63,398.91. Following the sale, the director owned 1,680 shares of the company's stock, valued at $139,960.80. The trade was a 31.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Charles A. Caisley sold 10,787 shares of the firm's stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $83.46, for a total transaction of $900,283.02. Following the completion of the transaction, the executive vice president directly owned 37,789 shares of the company's stock, valued at approximately $3,153,869.94. This trade represents a 22.21% decrease in their ownership of the stock. 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. Insiders have sold 12,748 shares of company stock valued at $1,061,870 in the last quarter. Company insiders own 1.52% of the company's stock.
Evergy Stock Performance
Shares of EVRG stock opened at $84.03 on Friday. 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 firm has a market cap of $19.37 billion, a price-to-earnings ratio of 21.33, a P/E/G ratio of 2.17 and a beta of 0.54. Evergy Inc. has a 52 week low of $70.42 and a 52 week high of $88.62. The firm's 50-day simple moving average is $84.74 and its two-hundred day simple moving average is $82.60.
Evergy (NASDAQ:EVRG - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $0.88 earnings per share for the quarter, beating analysts' consensus estimates of $0.81 by $0.07. Evergy had a net margin of 15.19% and a return on equity of 9.20%. The firm had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the prior year, the firm earned $0.82 EPS. Evergy has set its FY 2026 guidance at 4.140-4.340 EPS. As a group, equities analysts forecast that Evergy Inc. will post 4.25 earnings per share for the current year.
Evergy Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Tuesday, August 18th will be paid a $0.695 dividend. This represents a $2.78 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Tuesday, August 18th. Evergy's payout ratio is currently 70.56%.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on EVRG shares. Citigroup increased their price target on Evergy from $95.00 to $97.00 and gave the company a "buy" rating in a research report on Friday, July 24th. UBS Group lifted their price objective on shares of Evergy from $88.00 to $91.00 and gave the stock a "neutral" rating in a report on Friday, May 8th. Barclays upped their target price on shares of Evergy from $89.00 to $94.00 and gave the stock an "overweight" rating in a research note on Tuesday, June 30th. Wells Fargo & Company set a $87.00 target price on shares of Evergy in a report on Tuesday, April 21st. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Evergy in a research report on Friday, August 7th. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Evergy presently has a consensus rating of "Moderate Buy" and an average target price of $90.60.
Read Our Latest Stock Analysis on Evergy
About Evergy
(
Free Report)
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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