Wealthfront Advisers LLC Makes New $13.41 Million Investment in Evergy Inc. $EVRG

Key Points

• Wealthfront Advisers purchased 155,116 Evergy shares worth approximately $13.41 million, representing a 0.07% stake. Institutional investors collectively own 87.24% of the company.
• Analysts maintain a positive outlook, with eight Buy ratings and three Holds, producing a consensus “Moderate Buy” rating and an average price target of $90.60.
• Evergy exceeded quarterly earnings expectations with EPS of $0.88 versus the $0.81 consensus and revenue of $1.50 billion. The company also declared a quarterly dividend of $0.695, equivalent to a 3.3% annualized yield.

Wealthfront Advisers LLC purchased a new stake in shares of Evergy Inc. (NASDAQ:EVRG - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 155,116 shares of the company's stock, valued at approximately $13,407,000. Wealthfront Advisers LLC owned 0.07% of Evergy at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of EVRG. Kestra Advisory Services LLC increased its position in Evergy by 0.8% during the first quarter. Kestra Advisory Services LLC now owns 15,829 shares of the company's stock valued at $1,297,000 after acquiring an additional 124 shares during the last quarter. Trilogy Capital Inc. lifted its holdings in Evergy by 0.3% in the second quarter. Trilogy Capital Inc. now owns 47,210 shares of the company's stock valued at $4,080,000 after acquiring an additional 125 shares during the period. Retirement Planning Group LLC boosted its position in Evergy by 0.6% in the first quarter. Retirement Planning Group LLC now owns 23,659 shares of the company's stock worth $1,938,000 after purchasing an additional 137 shares during the last quarter. Earned Wealth Advisors LLC boosted its position in Evergy by 4.9% in the first quarter. Earned Wealth Advisors LLC now owns 2,946 shares of the company's stock worth $241,000 after purchasing an additional 137 shares during the last quarter. Finally, Optiver Holding B.V. grew its stake in shares of Evergy by 14.5% during the 1st quarter. Optiver Holding B.V. now owns 1,107 shares of the company's stock valued at $91,000 after purchasing an additional 140 shares during the period. 87.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on EVRG. Barclays increased their price objective 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. Weiss Ratings restated a "buy (b)" rating on shares of Evergy in a research report on Friday, August 7th. BTIG Research set a $97.00 target price on shares of Evergy in a report on Thursday, July 23rd. Wells Fargo & Company set a $87.00 price target on shares of Evergy in a research report on Tuesday, April 21st. Finally, UBS Group lifted their price target on shares of Evergy from $88.00 to $91.00 and gave the stock a "neutral" rating in a research note on Friday, May 8th. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, Evergy has a consensus rating of "Moderate Buy" and an average price target of $90.60.

Evergy Trading Down 0.6%

Shares of NASDAQ:EVRG opened at $83.42 on Wednesday. The stock has a 50 day moving average of $84.81 and a 200 day moving average of $82.74. The company has a market cap of $19.23 billion, a PE ratio of 21.17, a price-to-earnings-growth ratio of 2.18 and a beta of 0.54. Evergy Inc. has a 12-month low of $70.42 and a 12-month high of $88.62. 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 (NASDAQ:EVRG - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $0.88 EPS for the quarter, topping analysts' consensus estimates of $0.81 by $0.07. The company had revenue of $1.50 billion for the quarter, compared to analysts' expectations of $1.36 billion. Evergy had a net margin of 15.19% and a return on equity of 9.20%. During the same quarter last year, the business earned $0.82 EPS. Evergy has set its FY 2026 guidance at 4.140-4.340 EPS. As a group, equities research analysts expect that Evergy Inc. will post 4.25 EPS for the current year.

Evergy Announces Dividend

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

Insider Buying and Selling at Evergy

In other Evergy news, Director Sandra Aj Lawrence sold 761 shares of the stock in a transaction 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 sale, the director owned 1,680 shares in the company, valued at approximately $139,960.80. This represents a 31.18% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Charles A. Caisley sold 10,787 shares of the business's stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $83.46, for a total value of $900,283.02. Following the completion of the transaction, the executive vice president owned 37,789 shares in the company, valued at $3,153,869.94. The trade was 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 sold a total of 12,748 shares of company stock valued at $1,061,870 in the last ninety days. 1.52% of the stock is currently owned by insiders.

Evergy 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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