Jennison Associates LLC Sells 460,463 Shares of Evergy Inc. $EVRG

Posted by Geri Gentry on Jul 20th, 2026

Jennison Associates LLC cut its position in shares of Evergy Inc. (NASDAQ:EVRG – Free Report) by 31.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 992,503 shares of the company’s stock after selling 460,463 shares during the period. Jennison Associates LLC’s holdings in Evergy were worth $81,306,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. MidFirst Bank bought a new stake in Evergy in the fourth quarter worth about $25,000. Harbor Capital Advisors Inc. bought a new position in shares of Evergy during the fourth quarter valued at approximately $27,000. Prosperity Bancshares Inc purchased a new stake in shares of Evergy in the fourth quarter worth approximately $32,000. Triumph Capital Management raised its holdings in shares of Evergy by 104.8% in the fourth quarter. Triumph Capital Management now owns 508 shares of the company’s stock worth $37,000 after buying an additional 260 shares during the period. Finally, Transamerica Financial Advisors LLC lifted its stake in shares of Evergy by 163.2% during the 4th quarter. Transamerica Financial Advisors LLC now owns 529 shares of the company’s stock worth $38,000 after acquiring an additional 328 shares during the last quarter. 87.24% of the stock is owned by hedge funds and other institutional investors.

Evergy Price Performance

NASDAQ:EVRG opened at $85.59 on Monday. The company’s 50-day simple moving average is $84.13 and its 200-day simple moving average is $81.26. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.24 and a current ratio of 0.45. Evergy Inc. has a fifty-two week low of $68.00 and a fifty-two week high of $88.62. The stock has a market capitalization of $19.73 billion, a P/E ratio of 22.70, a P/E/G ratio of 2.22 and a beta of 0.54.

Evergy (NASDAQ:EVRG – Get Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.63 by $0.06. Evergy had a net margin of 14.63% and a return on equity of 9.09%. The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the previous year, the business posted $0.54 EPS. Evergy’s revenue was up 5.0% on a year-over-year basis. On average, equities analysts anticipate that Evergy Inc. will post 4.25 earnings per share for the current fiscal year.

Evergy Dividend Announcement

The firm 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 3.2%. The ex-dividend date was Friday, May 22nd. Evergy’s dividend payout ratio is currently 73.74%.

Insiders Place Their Bets

In related news, Director Sandra Aj Lawrence sold 600 shares of the business’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $81.41, for a total transaction of $48,846.00. Following the transaction, the director directly owned 680 shares in the company, valued at $55,358.80. The trade was a 46.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Charles A. Caisley sold 10,787 shares of the company’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 transaction, the executive vice president directly 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. The disclosure for this sale is available in the SEC filing. 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 three months. Insiders own 1.52% of the company’s stock.

Analyst Upgrades and Downgrades

EVRG has been the topic of a number of recent analyst reports. Bank of America reduced their target price on Evergy from $89.00 to $88.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. BTIG Research assumed coverage on Evergy in a report on Thursday, April 9th. They set a “buy” rating and a $99.00 price objective on the stock. Weiss Ratings raised Evergy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 11th. Barclays upped 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. Finally, UBS Group boosted their price target on shares of Evergy from $88.00 to $91.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $90.10.

Read Our Latest Stock Report on EVRG

Evergy Company Profile

(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.