29,898 Shares in Evergy Inc. $EVRG Acquired by Johnson Financial Group Inc.

Johnson Financial Group Inc. purchased a new stake in Evergy Inc. (NASDAQ:EVRGFree Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 29,898 shares of the company’s stock, valued at approximately $2,584,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in EVRG. MidFirst Bank acquired a new stake in Evergy in the 4th quarter worth about $25,000. Knuff & Co LLC bought a new stake in Evergy during the second quarter worth $30,000. Prosperity Bancshares Inc bought a new stake in shares of Evergy during the 4th quarter worth $32,000. Clearstead Trust LLC bought a new position in shares of Evergy in the second quarter worth about $33,000. Finally, Triumph Capital Management boosted its position in Evergy by 104.8% in the fourth quarter. Triumph Capital Management now owns 508 shares of the company’s stock valued at $37,000 after buying an additional 260 shares in the last quarter. 87.24% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Evergy

In other Evergy news, 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 transaction of $900,283.02. Following the sale, the executive vice president directly owned 37,789 shares of the company’s stock, valued at $3,153,869.94. This represents a 22.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Sandra Aj Lawrence sold 600 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $81.41, for a total transaction of $48,846.00. Following the sale, the director 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 SEC filing for this sale provides additional information. Insiders sold a total of 12,748 shares of company stock worth $1,061,870 over the last 90 days. 1.52% of the stock is currently owned by company insiders.

Evergy Stock Performance

Shares of EVRG opened at $83.58 on Thursday. Evergy Inc. has a 12 month low of $70.42 and a 12 month high of $88.62. The company has a market capitalization of $19.27 billion, a price-to-earnings ratio of 21.21, a PEG ratio of 2.16 and a beta of 0.54. The stock has a 50 day moving average of $84.82 and a 200 day moving average of $82.79. The company has a current ratio of 0.36, a quick ratio of 0.21 and a debt-to-equity ratio of 1.20.

Evergy (NASDAQ:EVRGGet Free Report) last issued 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. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.36 billion. Evergy had a net margin of 15.19% and a return on equity of 9.20%. During the same period in the previous year, the firm earned $0.82 EPS. Evergy has set its FY 2026 guidance at 4.140-4.340 EPS. As a group, sell-side analysts forecast that Evergy Inc. will post 4.25 earnings per share for the current year.

Evergy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Tuesday, August 18th will be paid a $0.695 dividend. The ex-dividend date is Tuesday, August 18th. This represents a $2.78 annualized dividend and a dividend yield of 3.3%. Evergy’s payout ratio is presently 70.56%.

Analysts Set New Price Targets

A number of analysts have recently commented on EVRG shares. BMO Capital Markets lifted their price target on Evergy from $88.00 to $92.00 and gave the company an “outperform” rating in a research note on Wednesday, July 22nd. Citigroup boosted their price objective on Evergy from $95.00 to $97.00 and gave the company a “buy” rating in a research note on Friday, July 24th. BTIG Research set a $97.00 price objective on shares of Evergy in a research report on Thursday, July 23rd. Barclays raised their target price on Evergy from $89.00 to $94.00 and gave the company an “overweight” rating in a research note on Tuesday, June 30th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Evergy in a research note on Friday, August 7th. Eight equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $90.60.

Read Our Latest Report on EVRG

About Evergy

(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.

Further Reading

Institutional Ownership by Quarter for Evergy (NASDAQ:EVRG)

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