SummitTX Capital L.P. Trims Holdings in Evergy Inc. $EVRG

Posted by Geri Gentry on Jul 29th, 2026

SummitTX Capital L.P. lowered its stake in shares of Evergy Inc. (NASDAQ:EVRG – Free Report) by 76.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,207 shares of the company’s stock after selling 121,701 shares during the quarter. SummitTX Capital L.P.’s holdings in Evergy were worth $3,130,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. MidFirst Bank bought a new position in Evergy during the 4th quarter valued at $25,000. Harbor Capital Advisors Inc. bought a new stake in shares of Evergy in the 4th quarter worth about $27,000. Prosperity Bancshares Inc bought a new stake in shares of Evergy in the 4th quarter worth about $32,000. Triumph Capital Management raised its stake in shares of Evergy by 104.8% in the 4th quarter. Triumph Capital Management now owns 508 shares of the company’s stock valued at $37,000 after purchasing an additional 260 shares in the last quarter. Finally, Transamerica Financial Advisors LLC raised its stake in shares of Evergy by 163.2% in the 4th quarter. Transamerica Financial Advisors LLC now owns 529 shares of the company’s stock valued at $38,000 after purchasing an additional 328 shares in the last quarter. Institutional investors own 87.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on EVRG shares. Weiss Ratings upgraded Evergy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 11th. BMO Capital Markets upped their price objective on Evergy from $88.00 to $92.00 and gave the company an “outperform” rating in a research note on Wednesday, July 22nd. Citigroup increased their target price on Evergy from $95.00 to $97.00 and gave the stock a “buy” rating in a report on Friday. BTIG Research set a $97.00 target price on Evergy in a report on Thursday, July 23rd. Finally, Bank of America decreased their target price on Evergy from $89.00 to $88.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Eight investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $90.60.

Read Our Latest Report on EVRG

Evergy Stock Down 0.2%

Shares of NASDAQ:EVRG opened at $85.66 on Wednesday. The company’s fifty day moving average is $84.62 and its two-hundred day moving average is $81.91. 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 1-year low of $68.05 and a 1-year high of $88.62. The stock has a market capitalization of $19.75 billion, a price-to-earnings ratio of 22.72, a price-to-earnings-growth ratio of 2.23 and a beta of 0.54.

Evergy (NASDAQ:EVRG – Get Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.69 EPS for the quarter, beating 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 business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same period in the previous year, the business posted $0.54 EPS. The company’s quarterly revenue was up 5.0% on a year-over-year basis. Equities analysts anticipate that Evergy Inc. will post 4.25 EPS for the current year.

Evergy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, May 22nd were issued a $0.695 dividend. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $2.78 dividend on an annualized basis and a yield of 3.2%. Evergy’s dividend payout ratio (DPR) is currently 73.74%.

Insider Buying and Selling

In other news, EVP Charles A. Caisley sold 10,787 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $83.46, for a total transaction of $900,283.02. Following the sale, the executive vice president directly owned 37,789 shares in the company, valued at approximately $3,153,869.94. This represents a 22.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 stock in a transaction that occurred on Thursday, May 28th. The stock was 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 $139,960.80. The trade was a 31.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 12,748 shares of company stock valued at $1,061,870. 1.52% of the stock is currently owned by insiders.

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.