Evergy Inc. $EVRG Shares Sold by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lowered its stake in Evergy Inc. (NASDAQ:EVRG) by 99.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 39,363 shares of the company’s stock after selling 34,998,852 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Evergy were worth $2,853,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Caprock Group LLC acquired a new stake in shares of Evergy in the third quarter valued at about $1,482,000. ANTIPODES PARTNERS Ltd acquired a new stake in Evergy during the 3rd quarter valued at approximately $72,860,000. Orion Porfolio Solutions LLC grew its stake in Evergy by 32.5% during the 3rd 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 in the last quarter. Oppenheimer Asset Management Inc. increased its holdings in Evergy by 9.9% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 209,307 shares of the company’s stock worth $15,912,000 after purchasing an additional 18,783 shares during the last quarter. Finally, Goelzer Investment Management Inc. purchased a new stake in Evergy during the 4th quarter worth approximately $1,073,000. Institutional investors and hedge funds own 87.24% of the company’s stock.

Insider Buying and Selling

In other news, Director Sandra Aj Lawrence sold 761 shares of Evergy stock in a transaction 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 directly owned 1,680 shares in the company, valued at approximately $139,960.80. This trade represents a 31.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Charles L. King sold 2,440 shares of Evergy stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $82.19, for a total value of $200,543.60. Following the transaction, the senior vice president owned 18,359 shares in the company, valued at approximately $1,508,926.21. This trade represents a 11.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 4,401 shares of company stock worth $362,131. 1.52% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on EVRG shares. UBS Group increased their target price on Evergy from $88.00 to $91.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. BTIG Research began coverage on shares of Evergy in a report on Thursday, April 9th. They issued a “buy” rating and a $99.00 price target on the stock. Citigroup upped their price target on shares of Evergy from $89.00 to $95.00 and gave the company a “buy” rating in a report on Friday, February 20th. Weiss Ratings raised shares of Evergy from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 11th. Finally, BMO Capital Markets upped their price target on shares of Evergy from $82.00 to $87.00 and gave the company an “outperform” rating in a report on Monday, February 23rd. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $89.60.

Evergy Trading Up 0.7%

NASDAQ:EVRG opened at $82.27 on Wednesday. The company has a quick ratio of 0.24, a current ratio of 0.45 and a debt-to-equity ratio of 1.29. The business’s 50 day moving average is $82.31 and its two-hundred day moving average is $79.08. Evergy Inc. has a 52 week low of $66.19 and a 52 week high of $85.27. The company has a market cap of $18.96 billion, a PE ratio of 21.82, a P/E/G ratio of 2.12 and a beta of 0.54.

Evergy (NASDAQ:EVRG) last released 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. Evergy had a return on equity of 9.09% and a net margin of 14.63%.The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter last year, the business posted $0.54 EPS. Evergy’s quarterly revenue was up 5.0% compared to the same quarter last year. Evergy has set its FY 2026 guidance at 4.140-4.340 EPS. On average, analysts predict that Evergy Inc. will post 4.25 EPS for the current year.

Evergy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Friday, May 22nd will be issued a dividend of $0.695 per share. This represents a $2.78 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Friday, May 22nd. Evergy’s dividend payout ratio (DPR) is currently 73.74%.

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.