Mitsubishi UFJ Asset Management Co. Ltd. Increases Position in Evergy Inc. $EVRG

Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Evergy Inc. (NASDAQ:EVRG) by 2.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 478,214 shares of the company’s stock after purchasing an additional 11,281 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Evergy were worth $34,948,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. purchased a new stake in Evergy in the fourth quarter valued at approximately $27,000. Accredited Wealth Management LLC raised its position in Evergy by 1,310.3% in the third quarter. Accredited Wealth Management LLC now owns 409 shares of the company’s stock valued at $31,000 after purchasing an additional 380 shares during the period. Sentry Investment Management LLC purchased a new stake in Evergy in the third quarter valued at approximately $41,000. Root Financial Partners LLC purchased a new stake in Evergy in the third quarter valued at approximately $44,000. Finally, TOWER TRUST & INVESTMENT Co purchased a new stake in Evergy in the fourth quarter valued at approximately $42,000. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on EVRG shares. UBS Group boosted their target price on Evergy from $88.00 to $91.00 and gave the company a “neutral” rating in a research report on Friday. Barclays boosted their target price on Evergy from $82.00 to $89.00 and gave the company an “overweight” rating in a research report on Monday, March 9th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $91.00 price objective on shares of Evergy in a research report on Friday, January 23rd. Citigroup upped their price objective on Evergy from $89.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Finally, Wells Fargo & Company set a $87.00 price objective on Evergy in a research report on Tuesday, April 21st. 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 data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $89.60.

Key Stories Impacting Evergy

Here are the key news stories impacting Evergy this week:

• Positive Sentiment: Evergy beat first-quarter expectations, reporting adjusted EPS of $0.69 versus the $0.63 consensus and revenue of $1.44 billion versus $1.27 billion expected, supported by stronger demand and recovery in regulated investments. Reuters article
• Positive Sentiment: The company announced a new large customer, which could help future revenue growth and improve investor sentiment around load growth. AP/Bakersfield article
• Positive Sentiment: Evergy reaffirmed 2026 EPS guidance of $4.14 to $4.34, which suggests management still sees stable earnings growth ahead. AP/Bakersfield article
• Positive Sentiment: The board declared a quarterly dividend of $0.695 per share, reinforcing Evergy’s appeal as an income stock with an annualized yield of about 3.4%.
• Neutral Sentiment: Evergy’s higher interest expense was a headwind in the quarter, rising 14.4% year over year, which may temper enthusiasm despite the earnings beat. Zacks article

Evergy Stock Down 1.1%

Evergy stock opened at $81.78 on Friday. Evergy Inc. has a twelve month low of $63.29 and a twelve month high of $85.27. The stock’s fifty day simple moving average is $82.07 and its 200-day simple moving average is $78.20. The company has a current ratio of 0.45, a quick ratio of 0.27 and a debt-to-equity ratio of 1.29. The firm has a market capitalization of $18.83 billion, a P/E ratio of 21.69, a P/E/G ratio of 2.12 and a beta of 0.56.

Evergy (NASDAQ:EVRG) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.69 earnings per share 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 business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the prior year, the company earned $0.54 earnings per share. The company’s revenue was up 5.0% on a year-over-year basis. Evergy has set its FY 2026 guidance at 4.140-4.340 EPS. As a group, equities analysts expect that Evergy Inc. will post 4.25 earnings per share for the current fiscal year.

Evergy Announces Dividend

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

Insider Activity at Evergy

In related news, Director Ann D. Murtlow sold 2,847 shares of the stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $82.34, for a total value of $234,421.98. Following the transaction, the director owned 2,311 shares of the company’s stock, valued at $190,287.74. This represents a 55.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Charles L. King sold 2,440 shares of the 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 completion of the transaction, the senior vice president directly owned 18,359 shares in the company, valued at $1,508,926.21. This trade represents a 11.73% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 8,937 shares of company stock valued at $736,492 over the last quarter. 1.52% of the stock is owned by insiders.

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.