Vise Technologies Inc. Buys New Shares in Evergy Inc. $EVRG

Key Points

• Vise Technologies initiated a position in Evergy, purchasing 15,956 shares worth approximately $1.38 million in the second quarter. Institutional investors collectively own 87.24% of the utility’s stock.
• Evergy reported quarterly earnings of $0.88 per share, exceeding estimates of $0.81, while revenue reached $1.50 billion versus the $1.36 billion consensus forecast.
• The company declared a quarterly dividend of $0.695 per share, equivalent to $2.78 annually and a 3.4% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $90.60.

Vise Technologies Inc. purchased a new position in Evergy Inc. (NASDAQ:EVRG - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 15,956 shares of the company's stock, valued at approximately $1,379,000.

Several other hedge funds have also added to or reduced their stakes in EVRG. Geode Capital Management LLC grew its stake in shares of Evergy by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 6,447,150 shares of the company's stock valued at $465,684,000 after buying an additional 105,842 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Evergy by 0.6% in the 4th quarter. Franklin Resources Inc. now owns 6,091,518 shares of the company's stock valued at $441,574,000 after acquiring an additional 33,457 shares during the last quarter. Federated Hermes Inc. boosted its holdings in Evergy by 1.6% during the 4th quarter. Federated Hermes Inc. now owns 3,760,548 shares of the company's stock valued at $272,602,000 after acquiring an additional 57,814 shares during the period. Northern Trust Corp boosted its holdings in Evergy by 10.6% during the 3rd quarter. Northern Trust Corp now owns 2,760,494 shares of the company's stock valued at $209,853,000 after acquiring an additional 263,619 shares during the period. Finally, Truist Financial Corp grew its position in Evergy by 28.4% during the 4th quarter. Truist Financial Corp now owns 1,847,410 shares of the company's stock worth $133,919,000 after acquiring an additional 408,452 shares during the last quarter. 87.24% of the stock is owned by institutional investors.

Evergy Stock Down 2.7%

Shares of NASDAQ EVRG opened at $80.92 on Friday. The company has a current ratio of 0.36, a quick ratio of 0.21 and a debt-to-equity ratio of 1.20. Evergy Inc. has a 12 month low of $70.42 and a 12 month high of $88.62. The firm has a market capitalization of $18.66 billion, a PE ratio of 20.54, a price-to-earnings-growth ratio of 2.10 and a beta of 0.54. The firm has a fifty day simple moving average of $84.77 and a two-hundred day simple moving average of $82.82.

Evergy (NASDAQ:EVRG - Get Free Report) last announced 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 for the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the previous year, the firm posted $0.82 EPS. Evergy has set its FY 2026 guidance at 4.140-4.340 EPS. Equities 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 issued a dividend of $0.695 per share. The ex-dividend date is Tuesday, August 18th. This represents a $2.78 dividend on an annualized basis and a dividend yield of 3.4%. Evergy's dividend payout ratio is 70.56%.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Barclays lifted their price target on Evergy from $89.00 to $94.00 and gave the stock an "overweight" rating in a research note on Tuesday, June 30th. BMO Capital Markets increased their price objective on Evergy from $88.00 to $92.00 and gave the company an "outperform" rating in a research note on Wednesday, July 22nd. UBS Group raised their target price on shares of Evergy from $88.00 to $91.00 and gave the stock a "neutral" rating in a report on Friday, May 8th. Citigroup raised their target price on shares of Evergy from $95.00 to $97.00 and gave the stock a "buy" rating in a report on Friday, July 24th. Finally, BTIG Research set a $97.00 target price on shares of Evergy in a research note on Thursday, July 23rd. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Evergy has an average rating of "Moderate Buy" and an average price target of $90.60.

Insider Buying and Selling

In other news, Director Sandra Aj Lawrence sold 761 shares of the firm's stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $83.31, for a total value of $63,398.91. Following the completion of the transaction, the director owned 1,680 shares in the company, valued at $139,960.80. This trade represents a 31.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Charles A. Caisley sold 10,787 shares of Evergy stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $83.46, for a total value of $900,283.02. Following the sale, the executive vice president owned 37,789 shares in the company, valued at $3,153,869.94. This 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 a total of 12,748 shares of company stock worth $1,061,870 in the last quarter. Company 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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