Pacer Advisors Inc. Sells 7,195 Shares of Evergy Inc. $EVRG

Pacer Advisors Inc. lowered its position in shares of Evergy Inc. (NASDAQ:EVRG) by 21.1% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 26,882 shares of the company’s stock after selling 7,195 shares during the quarter. Pacer Advisors Inc.’s holdings in Evergy were worth $2,202,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. MidFirst Bank bought a new stake in Evergy in the 4th quarter valued at about $25,000. Prosperity Bancshares Inc acquired a new position in shares of Evergy during the 4th quarter worth approximately $32,000. Triumph Capital Management increased its holdings 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 during the period. Transamerica Financial Advisors LLC increased its holdings 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 during the period. Finally, Cedar Mountain Advisors LLC acquired a new stake in shares of Evergy in the first quarter valued at approximately $40,000. 87.24% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Evergy

Here are the key news stories impacting Evergy this week:

• Positive Sentiment: Q2 results exceeded expectations: Evergy reported adjusted earnings of $0.88 per share, above the $0.81–$0.82 analyst consensus, while revenue rose to approximately $1.50 billion versus estimates near $1.36 billion. Earnings also increased from $0.82 per share in the year-ago quarter, helped by gains at Kansas Central and Metro. Evergy’s Q2 Earnings Beat Estimates, Revenues Increase Y/Y
• Positive Sentiment: Long-term growth outlook improved: Management expects earnings-per-share growth of more than 8% beginning in 2028 and is pursuing another economic sharing agreement in 2026. The outlook supports the investment case for continued rate-base and earnings expansion. Evergy expects EPS growth above 8 percent from 2028
• Positive Sentiment: Dividend maintains income appeal: Evergy declared a quarterly dividend of $0.695 per share, payable September 18 to shareholders of record August 18. The annualized payout is approximately $2.78 per share, representing a yield of about 3.3% at the referenced share price.
• Neutral Sentiment: 2026 guidance was reaffirmed: Evergy maintained adjusted EPS guidance of $4.14–$4.34, compared with the analyst consensus of $4.25. This confirms management’s prior outlook but offers limited near-term upside beyond expectations. Evergy Posts Higher Q2 Earnings and Reaffirms Guidance

Analysts Set New Price Targets

EVRG has been the topic of a number of analyst reports. Barclays increased their price target on Evergy from $89.00 to $94.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 30th. BMO Capital Markets raised their price target on Evergy from $88.00 to $92.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 22nd. Wells Fargo & Company set a $87.00 price objective on shares of Evergy in a research report on Tuesday, April 21st. Weiss Ratings upgraded shares of Evergy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 11th. Finally, BTIG Research set a $97.00 target price on shares of Evergy in a research report on Thursday, July 23rd. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Evergy presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.60.

Insider Transactions at Evergy

In other Evergy news, EVP Charles A. Caisley sold 10,787 shares of the stock in a transaction dated 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Sandra Aj Lawrence sold 761 shares of Evergy stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $83.31, for a total value of $63,398.91. Following the sale, the director directly owned 1,680 shares in the company, valued at $139,960.80. The trade was a 31.18% 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 sold 12,748 shares of company stock valued at $1,061,870. Insiders own 1.52% of the company’s stock.

Evergy Price Performance

Shares of EVRG stock opened at $83.38 on Friday. The business has a fifty day simple moving average of $84.60 and a 200 day simple moving average of $82.36. The company has a market cap of $19.22 billion, a P/E ratio of 21.16, a P/E/G ratio of 2.15 and a beta of 0.54. The company has a quick ratio of 0.24, a current ratio of 0.36 and a debt-to-equity ratio of 1.20. Evergy Inc. has a twelve month low of $70.42 and a twelve month high of $88.62.

Evergy (NASDAQ:EVRG) last released its earnings results on Thursday, August 6th. The company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.07. The firm had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.36 billion. Evergy had a return on equity of 9.20% and a net margin of 15.19%.During the same quarter in the previous year, the business posted $0.82 earnings per share. Evergy has set its FY 2026 guidance at 4.140-4.340 EPS. On average, sell-side analysts forecast that Evergy Inc. will post 4.25 EPS for the current fiscal year.

Evergy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Tuesday, August 18th will be given a $0.695 dividend. The ex-dividend date is Tuesday, August 18th. This represents a $2.78 dividend on an annualized basis and a yield of 3.3%. 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.