SG Trading Solutions LLC bought a new position in shares of Evergy Inc. (NASDAQ:EVRG – Free Report) in the fourth quarter, Holdings Channel reports. The firm bought 24,178 shares of the company’s stock, valued at approximately $1,753,000.
Other institutional investors also recently modified their holdings of the company. Harbor Capital Advisors Inc. bought a new stake in Evergy during the fourth quarter valued at about $27,000. Accredited Wealth Management LLC grew its position in shares of Evergy by 1,310.3% in 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 last quarter. Prosperity Bancshares Inc bought a new position in shares of Evergy in the fourth quarter worth about $32,000. Triumph Capital Management increased its stake 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 purchasing an additional 260 shares during the period. Finally, Transamerica Financial Advisors LLC lifted its position 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 purchasing an additional 328 shares during the last quarter. Institutional investors own 87.24% of the company’s stock.
Insiders Place Their Bets
In other Evergy news, EVP Charles A. Caisley sold 10,787 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $83.46, for a total transaction 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. This trade represents a 22.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 the business’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $83.31, for a total transaction of $63,398.91. Following the completion of the sale, the director owned 1,680 shares in the company, valued at $139,960.80. This represents a 31.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 12,748 shares of company stock valued at $1,061,870. Corporate insiders own 1.52% of the company’s stock.
Evergy Trading Down 0.4%
Evergy (NASDAQ:EVRG – Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.06. The business had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.27 billion. Evergy had a return on equity of 9.09% and a net margin of 14.63%.Evergy’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.54 earnings per share. Evergy has set its FY 2026 guidance at 4.140-4.340 EPS. As a group, equities analysts forecast that Evergy Inc. will post 4.25 EPS for the current year.
Evergy Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Friday, May 22nd were paid a $0.695 dividend. The ex-dividend date was Friday, May 22nd. This represents a $2.78 dividend on an annualized basis and a dividend yield of 3.4%. Evergy’s dividend payout ratio is currently 73.74%.
Analyst Upgrades and Downgrades
A number of analysts have issued reports on EVRG shares. Weiss Ratings raised Evergy from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 11th. BTIG Research started coverage on Evergy in a report on Thursday, April 9th. They set a “buy” rating and a $99.00 price target for the company. Wall Street Zen raised Evergy from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. UBS Group raised their price objective 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. Finally, BMO Capital Markets upped 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. Eight investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $89.60.
Check Out Our Latest Analysis on Evergy
Evergy Company 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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