Oxbow Advisors LLC bought a new stake in Evergy Inc. (NASDAQ:EVRG – Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 48,457 shares of the company’s stock, valued at approximately $4,188,000.
Several other institutional investors and hedge funds have also modified their holdings of EVRG. MidFirst Bank bought a new stake in Evergy during the 4th quarter worth approximately $25,000. Prosperity Bancshares Inc bought a new position in Evergy in the 4th quarter valued at $32,000. Clearstead Trust LLC bought a new position in Evergy in the 2nd quarter valued at $33,000. Triumph Capital Management raised its position in 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 during the last quarter. Finally, Transamerica Financial Advisors LLC boosted its stake in Evergy by 163.2% in the fourth quarter. Transamerica Financial Advisors LLC now owns 529 shares of the company’s stock worth $38,000 after purchasing an additional 328 shares in the last quarter. 87.24% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at Evergy
In other news, Director Sandra Aj Lawrence sold 600 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $81.41, for a total value of $48,846.00. Following the transaction, the director directly owned 680 shares in the company, valued at $55,358.80. This trade represents a 46.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Charles A. Caisley sold 10,787 shares of Evergy stock in a transaction on Monday, June 15th. The stock was sold at an average price of $83.46, for a total value of $900,283.02. Following the sale, the executive vice president directly owned 37,789 shares of the company’s stock, valued at approximately $3,153,869.94. This trade 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 have sold a total of 12,748 shares of company stock valued at $1,061,870 in the last quarter. Corporate insiders own 1.52% of the company’s stock.
Evergy Stock Down 0.6%
Evergy (NASDAQ:EVRG – Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.07. Evergy had a net margin of 15.19% and a return on equity of 9.20%. The business had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the previous year, the firm posted $0.82 earnings per share. Evergy has set its FY 2026 guidance at 4.140-4.340 EPS. Equities analysts expect that Evergy Inc. will post 4.25 EPS for the current year.
Evergy Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Tuesday, August 18th will be issued a dividend of $0.695 per share. This represents a $2.78 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Tuesday, August 18th. Evergy’s payout ratio is currently 70.56%.
Analyst Upgrades and Downgrades
Several brokerages have recently commented on EVRG. Weiss Ratings restated a “buy (b)” rating on shares of Evergy in a report on Friday, August 7th. BMO Capital Markets lifted their price target on Evergy from $88.00 to $92.00 and gave the company an “outperform” rating in a report on Wednesday, July 22nd. Wells Fargo & Company set a $87.00 price target on shares of Evergy in a research report on Tuesday, April 21st. BTIG Research set a $97.00 price objective on shares of Evergy in a report on Thursday, July 23rd. Finally, UBS Group increased their price objective on shares of Evergy from $88.00 to $91.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $90.60.
Get Our Latest Stock Analysis on EVRG
Evergy 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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