Heartland Bank & Trust Co acquired a new stake in Evergy Inc. (NASDAQ:EVRG – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 8,593 shares of the company’s stock, valued at approximately $743,000.
Other large investors have also modified their holdings of the company. MidFirst Bank acquired a new position in Evergy during the fourth quarter worth about $25,000. Knuff & Co LLC purchased a new position in Evergy in the 2nd quarter worth approximately $30,000. Prosperity Bancshares Inc purchased a new position in Evergy in the 4th quarter worth approximately $32,000. Clearstead Trust LLC purchased a new position in Evergy in the 2nd quarter worth approximately $33,000. Finally, Triumph Capital Management boosted its holdings in shares of Evergy by 104.8% during the 4th quarter. Triumph Capital Management now owns 508 shares of the company’s stock worth $37,000 after purchasing an additional 260 shares during the last quarter. Hedge funds and other institutional investors own 87.24% of the company’s stock.
Analyst Ratings Changes
EVRG has been the subject of several recent research reports. BTIG Research set a $97.00 price target on Evergy in a report on Thursday, July 23rd. Barclays boosted their price objective on Evergy from $89.00 to $94.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 30th. UBS Group raised their target price on Evergy from $88.00 to $91.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of Evergy in a report on Friday, August 7th. Finally, Citigroup boosted their price target on shares of Evergy from $95.00 to $97.00 and gave the company a “buy” rating in a research report on Friday, July 24th. Eight investment 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.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $90.60.
Evergy Price Performance
NASDAQ:EVRG opened at $80.92 on Friday. Evergy Inc. has a 52 week low of $70.42 and a 52 week high of $88.62. The company has a quick ratio of 0.21, a current ratio of 0.36 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $18.66 billion, a P/E ratio of 20.54, a P/E/G ratio of 2.16 and a beta of 0.54. The stock’s fifty day moving average is $84.77 and its two-hundred day moving average is $82.82.
Evergy (NASDAQ:EVRG – Get Free Report) last released 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 business had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.36 billion. Evergy had a return on equity of 9.20% and a net margin of 15.19%.During the same period in the prior year, the business posted $0.82 EPS. 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 Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Tuesday, August 18th will be given a dividend of $0.695 per share. The ex-dividend date is Tuesday, August 18th. This represents a $2.78 dividend on an annualized basis and a dividend yield of 3.4%. Evergy’s dividend payout ratio (DPR) is currently 70.56%.
Insider Transactions at Evergy
In other news, EVP Charles A. Caisley sold 10,787 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were 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. The trade was a 22.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 stock was sold at an average price of $81.41, for a total transaction of $48,846.00. Following the completion of the transaction, the director owned 680 shares in the company, valued at approximately $55,358.80. This represents a 46.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 12,748 shares of company stock valued at $1,061,870. Company insiders own 1.52% of the company’s stock.
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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