44,216 Shares in Evergy Inc. $EVRG Bought by Dockside LLC

Dockside LLC bought a new stake in shares of Evergy Inc. (NASDAQ:EVRG) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 44,216 shares of the company’s stock, valued at approximately $3,822,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Kestra Advisory Services LLC grew its stake in shares of Evergy by 0.8% during the 1st quarter. Kestra Advisory Services LLC now owns 15,829 shares of the company’s stock worth $1,297,000 after acquiring an additional 124 shares in the last quarter. Trilogy Capital Inc. boosted its holdings in Evergy by 0.3% during the second quarter. Trilogy Capital Inc. now owns 47,210 shares of the company’s stock worth $4,080,000 after purchasing an additional 125 shares during the last quarter. Retirement Planning Group LLC boosted its holdings in Evergy by 0.6% during the first quarter. Retirement Planning Group LLC now owns 23,659 shares of the company’s stock worth $1,938,000 after purchasing an additional 137 shares during the last quarter. Earned Wealth Advisors LLC grew its position in Evergy by 4.9% in the first quarter. Earned Wealth Advisors LLC now owns 2,946 shares of the company’s stock valued at $241,000 after purchasing an additional 137 shares in the last quarter. Finally, Optiver Holding B.V. lifted its position in Evergy by 14.5% during the 1st quarter. Optiver Holding B.V. now owns 1,107 shares of the company’s stock worth $91,000 after buying an additional 140 shares in the last quarter. 87.24% of the stock is owned by hedge funds and other institutional investors.

Evergy Stock Up 0.6%

Shares of EVRG stock opened at $84.03 on Friday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.21 and a current ratio of 0.36. The firm’s 50-day moving average is $84.74 and its 200-day moving average is $82.60. The stock has a market cap of $19.37 billion, a price-to-earnings ratio of 21.33, a PEG ratio of 2.17 and a beta of 0.54. Evergy Inc. has a 52-week low of $70.42 and a 52-week high of $88.62.

Evergy (NASDAQ:EVRG) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.07. Evergy had a return on equity of 9.20% and a net margin of 15.19%.The business had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter last year, the company posted $0.82 earnings per share. Evergy has set its FY 2026 guidance at 4.140-4.340 EPS. Sell-side analysts predict 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 Friday, September 18th. Shareholders of record on Tuesday, August 18th will be issued a $0.695 dividend. This represents a $2.78 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Tuesday, August 18th. Evergy’s dividend payout ratio is currently 70.56%.

Insider Buying and Selling

In other news, 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 transaction of $63,398.91. Following the transaction, the director owned 1,680 shares in the company, valued at approximately $139,960.80. This trade represents a 31.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Charles A. Caisley sold 10,787 shares of the business’s stock in a transaction 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 completion of the sale, the executive vice president owned 37,789 shares of the company’s stock, valued at $3,153,869.94. This trade represents a 22.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 12,748 shares of company stock worth $1,061,870. 1.52% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. BTIG Research set a $97.00 target price on Evergy in a research report on Thursday, July 23rd. Wells Fargo & Company set a $87.00 price target on Evergy in a research report on Tuesday, April 21st. Weiss Ratings reiterated a “buy (b)” rating on shares of Evergy in a research note on Friday, August 7th. UBS Group increased their price objective on Evergy from $88.00 to $91.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Finally, BMO Capital Markets raised their target price on shares of Evergy from $88.00 to $92.00 and gave the company an “outperform” rating in a research note on Wednesday, July 22nd. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $90.60.

About Evergy

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.