NewEdge Advisors LLC Acquires 7,253 Shares of Evergy Inc. $EVRG

NewEdge Advisors LLC increased its stake in shares of Evergy Inc. (NASDAQ:EVRG) by 38.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,362 shares of the company’s stock after buying an additional 7,253 shares during the period. NewEdge Advisors LLC’s holdings in Evergy were worth $2,159,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. MidFirst Bank acquired a new stake in Evergy in the 4th quarter valued at about $25,000. Prosperity Bancshares Inc bought a new position in shares of Evergy in the fourth quarter worth about $32,000. Triumph Capital Management lifted its position in shares of Evergy by 104.8% during the fourth quarter. Triumph Capital Management now owns 508 shares of the company’s stock worth $37,000 after purchasing an additional 260 shares in the last quarter. Transamerica Financial Advisors LLC lifted its position in shares of Evergy by 163.2% during 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. Finally, Cedar Mountain Advisors LLC bought a new stake in shares of Evergy during the first quarter valued at approximately $40,000. Institutional investors own 87.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on EVRG shares. BMO Capital Markets raised their price target on shares of 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 objective on Evergy in a report on Tuesday, April 21st. Citigroup increased their price objective on Evergy from $95.00 to $97.00 and gave the company a “buy” rating in a research report on Friday, July 24th. BTIG Research set a $97.00 target price on Evergy in a research report on Thursday, July 23rd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Evergy in a research report on Friday, August 7th. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Evergy presently has an average rating of “Moderate Buy” and a consensus target price of $90.60.

Evergy Stock Up 0.6%

Shares of NASDAQ EVRG opened at $84.03 on Friday. The firm has a market capitalization of $19.37 billion, a PE ratio of 21.33, a price-to-earnings-growth ratio of 2.17 and a beta of 0.54. 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 Inc. has a 1 year low of $70.42 and a 1 year high of $88.62. The firm’s 50-day moving average is $84.74 and its 200-day moving average is $82.60.

Evergy (NASDAQ:EVRG) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.81 by $0.07. The company had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.36 billion. Evergy had a net margin of 15.19% and a return on equity of 9.20%. During the same quarter in the previous year, the company earned $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 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%.

Insiders Place Their Bets

In other Evergy news, Director Sandra Aj Lawrence sold 600 shares of the company’s stock in a transaction 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 completion of the sale, the director owned 680 shares in the company, valued at approximately $55,358.80. The trade was a 46.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Charles A. Caisley sold 10,787 shares of the company’s stock in a transaction on 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 owned 37,789 shares of the company’s stock, valued at $3,153,869.94. The trade was a 22.21% decrease in their position. 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 ninety days. Company insiders own 1.52% of the company’s stock.

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.