Ninepoint Partners LP Buys New Position in Evergy Inc. $EVRG

Ninepoint Partners LP bought a new stake in Evergy Inc. (NASDAQ:EVRG) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 17,684 shares of the company’s stock, valued at approximately $1,528,000.

A number of other large investors have also recently bought and sold shares of the company. Kestra Advisory Services LLC lifted its position in shares of Evergy by 0.8% in the first quarter. Kestra Advisory Services LLC now owns 15,829 shares of the company’s stock worth $1,297,000 after purchasing an additional 124 shares in the last quarter. Trilogy Capital Inc. increased its stake in Evergy by 0.3% in the 2nd quarter. Trilogy Capital Inc. now owns 47,210 shares of the company’s stock valued at $4,080,000 after buying an additional 125 shares during the last quarter. Retirement Planning Group LLC increased its stake in Evergy by 0.6% in the 1st quarter. Retirement Planning Group LLC now owns 23,659 shares of the company’s stock valued at $1,938,000 after buying an additional 137 shares during the last quarter. Earned Wealth Advisors LLC lifted its position in Evergy by 4.9% during the 1st quarter. Earned Wealth Advisors LLC now owns 2,946 shares of the company’s stock worth $241,000 after buying 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. Institutional investors and hedge funds own 87.24% of the company’s stock.

Evergy Trading Down 0.5%

EVRG opened at $83.16 on Friday. Evergy Inc. has a twelve month low of $70.42 and a twelve month high of $88.62. The company has a 50-day simple moving average of $84.83 and a 200 day simple moving average of $82.83. The company has a quick ratio of 0.21, a current ratio of 0.36 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of $19.17 billion, a price-to-earnings ratio of 21.11, a P/E/G ratio of 2.17 and a beta of 0.54.

Evergy (NASDAQ:EVRG) last released its earnings results on Thursday, August 6th. The company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.81 by $0.07. Evergy had a net margin of 15.19% and a return on equity of 9.20%. The firm had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same period last year, the firm earned $0.82 EPS. Evergy has set its FY 2026 guidance at 4.140-4.340 EPS. Analysts predict that Evergy Inc. will post 4.25 EPS for the current fiscal 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 paid a dividend of $0.695 per share. The ex-dividend date is Tuesday, August 18th. This represents a $2.78 annualized dividend and a yield of 3.3%. Evergy’s dividend payout ratio is presently 70.56%.

Insider Buying and Selling at Evergy

In other news, EVP Charles A. Caisley sold 10,787 shares of the company’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 value of $900,283.02. Following the completion of the transaction, the executive vice president owned 37,789 shares of the company’s stock, valued at $3,153,869.94. This represents a 22.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Sandra Aj Lawrence sold 600 shares of Evergy stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $81.41, for a total value of $48,846.00. Following the transaction, the director directly owned 680 shares in the company, valued at $55,358.80. The trade was a 46.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 12,748 shares of company stock valued at $1,061,870 over the last 90 days. Corporate insiders own 1.52% of the company’s stock.

Wall Street Analyst Weigh In

EVRG has been the subject of several analyst reports. Barclays raised their price objective on Evergy from $89.00 to $94.00 and gave the company an “overweight” rating in a report on Tuesday, June 30th. Citigroup increased their price target on Evergy from $95.00 to $97.00 and gave the company a “buy” rating in a research report on Friday, July 24th. Weiss Ratings restated a “buy (b)” rating on shares of Evergy in a research note on Friday, August 7th. UBS Group boosted their price objective on shares of Evergy from $88.00 to $91.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Finally, BMO Capital Markets increased their price target on Evergy from $88.00 to $92.00 and gave the company an “outperform” rating in a research note on Wednesday, July 22nd. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Evergy has a consensus rating of “Moderate Buy” and an average price target of $90.60.

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.