Evergy Inc. $EVRG Shares Acquired by Allstate Corp

Allstate Corp raised its holdings in shares of Evergy Inc. (NASDAQ:EVRG) by 113.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,571 shares of the company’s stock after acquiring an additional 9,352 shares during the period. Allstate Corp’s holdings in Evergy were worth $1,274,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in EVRG. Caprock Group LLC purchased a new stake in shares of Evergy during the third quarter worth approximately $1,482,000. ANTIPODES PARTNERS Ltd purchased a new position in Evergy in the third quarter valued at approximately $72,860,000. Orion Porfolio Solutions LLC increased its stake in Evergy by 32.5% in the third quarter. Orion Porfolio Solutions LLC now owns 83,233 shares of the company’s stock valued at $6,327,000 after purchasing an additional 20,395 shares during the last quarter. AlphaQuest LLC increased its stake in Evergy by 137.7% in the third quarter. AlphaQuest LLC now owns 26,359 shares of the company’s stock valued at $2,004,000 after purchasing an additional 15,268 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. increased its stake in Evergy by 9.9% in the third quarter. Oppenheimer Asset Management Inc. now owns 209,307 shares of the company’s stock valued at $15,912,000 after purchasing an additional 18,783 shares during the last quarter. 87.24% of the stock is owned by hedge funds and other institutional investors.

Evergy Stock Down 1.0%

Shares of NASDAQ:EVRG opened at $82.04 on Friday. The stock’s 50-day moving average price is $82.08 and its two-hundred day moving average price is $78.81. The company has a current ratio of 0.45, a quick ratio of 0.24 and a debt-to-equity ratio of 1.29. Evergy Inc. has a 12-month low of $64.70 and a 12-month high of $85.27. The firm has a market cap of $18.91 billion, a price-to-earnings ratio of 21.76, a PEG ratio of 2.15 and a beta of 0.56.

Evergy (NASDAQ:EVRG) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.06. The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.27 billion. Evergy had a return on equity of 9.09% and a net margin of 14.63%.The company’s revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.54 EPS. Evergy has set its FY 2026 guidance at 4.140-4.340 EPS. On average, research analysts forecast that Evergy Inc. will post 4.25 EPS for the current year.

Evergy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Friday, May 22nd will be given a dividend of $0.695 per share. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $2.78 annualized dividend and a yield of 3.4%. Evergy’s payout ratio is 73.74%.

Insider Activity at Evergy

In other Evergy news, SVP Charles L. King sold 2,440 shares of Evergy stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $82.19, for a total transaction of $200,543.60. Following the sale, the senior vice president directly owned 18,359 shares in the company, valued at $1,508,926.21. The trade was a 11.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Heather A. Humphrey sold 3,650 shares of Evergy stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $82.61, for a total value of $301,526.50. Following the sale, the senior vice president owned 44,007 shares in the company, valued at $3,635,418.27. This represents a 7.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.52% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on EVRG. BMO Capital Markets increased their price target 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. Mizuho set a $82.00 price target on shares of Evergy in a research note on Monday, February 23rd. Barclays increased their price target on shares of Evergy from $82.00 to $89.00 and gave the company an “overweight” rating in a research note on Monday, March 9th. Wall Street Zen upgraded shares of Evergy from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. Finally, Wells Fargo & Company set a $87.00 price objective on Evergy in a report on Tuesday, April 21st. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $89.60.

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.