Entropy Technologies LP bought a new stake in Evergy Inc. (NASDAQ:EVRG – Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 26,535 shares of the company’s stock, valued at approximately $1,924,000.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Harbor Capital Advisors Inc. purchased a new position in Evergy during the fourth quarter worth $27,000. Accredited Wealth Management LLC boosted its stake in shares of Evergy by 1,310.3% during the third quarter. Accredited Wealth Management LLC now owns 409 shares of the company’s stock valued at $31,000 after purchasing an additional 380 shares during the period. Triumph Capital Management boosted its stake in shares of Evergy by 104.8% during the fourth quarter. Triumph Capital Management now owns 508 shares of the company’s stock valued at $37,000 after purchasing an additional 260 shares during the period. Transamerica Financial Advisors LLC boosted its stake in shares of Evergy by 163.2% during the fourth quarter. Transamerica Financial Advisors LLC now owns 529 shares of the company’s stock valued at $38,000 after purchasing an additional 328 shares during the period. Finally, TOWER TRUST & INVESTMENT Co purchased a new stake in shares of Evergy during the fourth quarter valued at $42,000. 87.24% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on EVRG shares. BTIG Research started coverage on shares of Evergy in a research note on Thursday, April 9th. They set a “buy” rating and a $99.00 target price for the company. BMO Capital Markets boosted their target price on shares of Evergy from $82.00 to $87.00 and gave the company an “outperform” rating in a research note on Monday, February 23rd. Wall Street Zen raised shares of Evergy from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. Barclays boosted their target price on shares of Evergy from $82.00 to $89.00 and gave the company an “overweight” rating in a research note on Monday, March 9th. Finally, Citigroup boosted their target price on shares of Evergy from $89.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, February 20th. Eight 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 stock currently has an average rating of “Moderate Buy” and a consensus target price of $89.60.
Evergy Stock Performance
EVRG stock opened at $83.44 on Tuesday. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.45 and a quick ratio of 0.24. The business has a 50-day moving average price of $82.39 and a 200 day moving average price of $79.27. The company has a market capitalization of $19.23 billion, a P/E ratio of 22.13, a PEG ratio of 2.18 and a beta of 0.55. Evergy Inc. has a 1-year low of $66.19 and a 1-year high of $85.27.
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. The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.27 billion. Evergy had a return on equity of 9.09% and a net margin of 14.63%.The firm’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.54 earnings per share. Evergy has set its FY 2026 guidance at 4.140-4.340 EPS. As a group, equities research analysts forecast that Evergy Inc. will post 4.25 EPS for the current fiscal year.
Evergy Announces Dividend
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 issued a $0.695 dividend. This represents a $2.78 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Friday, May 22nd. Evergy’s payout ratio is presently 73.74%.
Insider Buying and Selling at Evergy
In related news, Director Sandra Aj Lawrence sold 600 shares of Evergy stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $81.41, for a total value of $48,846.00. Following the completion of the sale, the director directly owned 680 shares in the company, valued at $55,358.80. The trade was a 46.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders sold 1,961 shares of company stock valued at $161,587 in the last ninety days. Insiders own 1.52% of the company’s stock.
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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