Sit Investment Associates Inc. acquired a new stake in shares of Evergy Inc. (NASDAQ:EVRG – Free Report) during the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 90,730 shares of the company’s stock, valued at approximately $6,577,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Adage Capital Partners GP L.L.C. grew its stake in shares of Evergy by 476.6% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 1,207,882 shares of the company’s stock valued at $87,559,000 after buying an additional 998,400 shares during the last quarter. ANTIPODES PARTNERS Ltd purchased a new position in shares of Evergy during the third quarter valued at approximately $72,860,000. Freestone Grove Partners LP increased its position in Evergy by 321.1% during the 4th quarter. Freestone Grove Partners LP now owns 854,739 shares of the company’s stock valued at $61,960,000 after purchasing an additional 651,738 shares during the period. Renaissance Technologies LLC increased its position in shares of Evergy by 122.4% during the fourth quarter. Renaissance Technologies LLC now owns 811,202 shares of the company’s stock valued at $58,804,000 after buying an additional 446,400 shares during the period. Finally, BROOKFIELD Corp ON purchased a new position in shares of Evergy during the 2nd quarter worth approximately $29,644,000. Institutional investors own 87.24% of the company’s stock.
Insider Buying and Selling at Evergy
In other Evergy news, EVP Charles A. Caisley sold 10,787 shares of Evergy stock in a transaction 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 completion of the transaction, the executive vice president directly owned 37,789 shares of the company’s stock, valued at $3,153,869.94. This trade represents a 22.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Sandra Aj Lawrence sold 761 shares of Evergy stock in a transaction dated 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 of the company’s stock, valued at approximately $139,960.80. This represents a 31.18% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 12,748 shares of company stock valued at $1,061,870 in the last quarter. 1.52% of the stock is owned by company insiders.
Evergy Price Performance
Evergy (NASDAQ:EVRG – Get Free Report) last issued its earnings results on Thursday, May 7th. The company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.06. The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.27 billion. Evergy had a net margin of 14.63% and a return on equity of 9.09%. Evergy’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.54 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 fiscal year.
Evergy Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Friday, May 22nd were issued a dividend of $0.695 per share. This represents a $2.78 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend was Friday, May 22nd. Evergy’s dividend payout ratio is 73.74%.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on EVRG shares. Wall Street Zen raised shares of Evergy from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. UBS Group lifted their target price on Evergy from $88.00 to $91.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. BTIG Research began coverage on shares of Evergy in a report on Thursday, April 9th. They set a “buy” rating and a $99.00 price objective for the company. Wells Fargo & Company set a $87.00 price objective on Evergy in a research report on Tuesday, April 21st. Finally, Mizuho set a $82.00 target price on shares of Evergy in a report on Monday, February 23rd. Eight equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $89.60.
Read Our Latest Report on Evergy
About Evergy
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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