GW Henssler & Associates Ltd. cut its position in Evergy Inc. (NASDAQ:EVRG – Free Report) by 1.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 380,385 shares of the company’s stock after selling 7,155 shares during the quarter. Evergy makes up 1.3% of GW Henssler & Associates Ltd.’s investment portfolio, making the stock its 18th biggest holding. GW Henssler & Associates Ltd.’s holdings in Evergy were worth $27,574,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in EVRG. Harbor Capital Advisors Inc. purchased a new stake in Evergy during the 4th quarter valued at approximately $27,000. Accredited Wealth Management LLC raised its stake in Evergy by 1,310.3% during the 3rd quarter. Accredited Wealth Management LLC now owns 409 shares of the company’s stock valued at $31,000 after acquiring an additional 380 shares during the last quarter. Sentry Investment Management LLC purchased a new stake in Evergy during the 3rd quarter valued at approximately $41,000. TOWER TRUST & INVESTMENT Co purchased a new stake in Evergy during the 4th quarter valued at approximately $42,000. Finally, Elyxium Wealth LLC purchased a new stake in Evergy during the 4th quarter valued at approximately $43,000. 87.24% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
EVRG has been the subject of several analyst reports. Bank of America reduced their price objective on Evergy from $89.00 to $88.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. Weiss Ratings raised Evergy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 11th. Wells Fargo & Company set a $87.00 price objective on Evergy in a research note on Tuesday, April 21st. Wall Street Zen raised Evergy from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. Finally, BTIG Research initiated coverage on Evergy in a research note on Thursday, April 9th. They set a “buy” rating and a $99.00 price objective for the company. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Evergy presently has an average rating of “Moderate Buy” and an average price target of $89.60.
Evergy Stock Performance
NASDAQ EVRG opened at $80.39 on Tuesday. Evergy Inc. has a 1-year low of $64.70 and a 1-year high of $85.27. The company has a market capitalization of $18.53 billion, a P/E ratio of 21.32, a PEG ratio of 2.13 and a beta of 0.56. The business has a 50 day moving average price of $82.06 and a 200 day moving average price of $78.85. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.45 and a quick ratio of 0.24.
Evergy (NASDAQ:EVRG – Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.06. Evergy had a return on equity of 9.09% and a net margin of 14.63%.The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same period last year, the business posted $0.54 EPS. Evergy’s quarterly revenue was up 5.0% on a year-over-year basis. Evergy has set its FY 2026 guidance at 4.140-4.340 EPS. Sell-side analysts expect that Evergy Inc. will post 4.25 EPS for the current fiscal year.
Evergy Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Friday, May 22nd will be paid a $0.695 dividend. This represents a $2.78 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Friday, May 22nd. Evergy’s dividend payout ratio (DPR) is presently 73.74%.
Insider Activity at Evergy
In related news, SVP Heather A. Humphrey sold 3,650 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $82.61, for a total value of $301,526.50. Following the completion of the transaction, the senior vice president directly owned 44,007 shares of the company’s stock, valued at $3,635,418.27. This trade represents a 7.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Sandra Aj Lawrence sold 761 shares of the stock in a transaction 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 in the company, valued at approximately $139,960.80. This trade represents a 31.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 7,251 shares of company stock valued at $598,285 in the last ninety days. Corporate insiders own 1.52% of the company’s stock.
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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