Charles Caisley Sells 10,787 Shares of Evergy (NASDAQ:EVRG) Stock

Evergy Inc. (NASDAQ:EVRG) EVP Charles Caisley sold 10,787 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $83.46, for a total transaction of $900,283.02. Following the transaction, the executive vice president directly owned 37,789 shares in the company, valued at approximately $3,153,869.94. This trade represents a 22.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Evergy Stock Performance

Shares of NASDAQ:EVRG opened at $82.85 on Thursday. The firm has a market cap of $19.10 billion, a PE ratio of 21.98, a price-to-earnings-growth ratio of 2.18 and a beta of 0.54. The firm’s 50 day simple moving average is $82.42 and its 200-day simple moving average is $79.36. Evergy Inc. has a one year low of $66.19 and a one year high of $85.27. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.24 and a current ratio of 0.45.

Evergy (NASDAQ:EVRG) last issued its earnings results on Thursday, May 7th. The company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 14.63% and a return on equity of 9.09%. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period last year, the company posted $0.54 earnings per share. Evergy has set its FY 2026 guidance at 4.140-4.340 EPS. As a group, equities analysts predict that Evergy Inc. will post 4.25 EPS for the current year.

Evergy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.4%. Evergy’s dividend payout ratio (DPR) is 73.74%.

Analyst Ratings Changes

A number of equities analysts have recently commented on EVRG shares. Wall Street Zen raised shares of Evergy from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. BMO Capital Markets raised their target price on shares of Evergy from $82.00 to $87.00 and gave the stock an “outperform” rating in a research report on Monday, February 23rd. Mizuho set a $82.00 price objective on shares of Evergy in a research note on Monday, February 23rd. Barclays increased their price objective 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. Finally, BTIG Research started coverage on shares of Evergy in a research note on Thursday, April 9th. They set a “buy” rating and a $99.00 price objective on the stock. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Evergy presently has a consensus rating of “Moderate Buy” and an average target price of $89.60.

Institutional Investors Weigh In On Evergy

Institutional investors have recently bought and sold shares of the company. ANTIPODES PARTNERS Ltd acquired a new stake in Evergy in the third quarter valued at approximately $72,860,000. Orion Porfolio Solutions LLC boosted 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 acquiring an additional 20,395 shares in the last quarter. Goelzer Investment Management Inc. acquired a new stake in Evergy in the fourth quarter valued at approximately $1,073,000. Cullen Frost Bankers Inc. boosted its stake in Evergy by 4.9% in the fourth quarter. Cullen Frost Bankers Inc. now owns 316,511 shares of the company’s stock valued at $22,944,000 after acquiring an additional 14,907 shares in the last quarter. Finally, Assetmark Inc. boosted its stake in Evergy by 41.5% in the third quarter. Assetmark Inc. now owns 52,427 shares of the company’s stock valued at $3,986,000 after acquiring an additional 15,379 shares in the last quarter. 87.24% of the stock is currently owned by institutional investors and hedge funds.

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.