Summit Global Investments Buys Shares of 62,992 Evergy Inc. $EVRG

Summit Global Investments purchased a new position in Evergy Inc. (NASDAQ:EVRG) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 62,992 shares of the company’s stock, valued at approximately $5,444,000.

Other large investors also recently modified their holdings of the company. Cullen Frost Bankers Inc. raised its stake in Evergy by 4.9% during the 4th quarter. Cullen Frost Bankers Inc. now owns 316,511 shares of the company’s stock valued at $22,944,000 after purchasing an additional 14,907 shares during the last quarter. Vestcor Inc boosted its holdings in Evergy by 49.6% in the 4th quarter. Vestcor Inc now owns 174,330 shares of the company’s stock valued at $12,637,000 after purchasing an additional 57,795 shares during the period. Qsemble Capital Management LP boosted its holdings in Evergy by 295.4% in the 4th quarter. Qsemble Capital Management LP now owns 105,780 shares of the company’s stock valued at $7,668,000 after purchasing an additional 79,029 shares during the period. Fulcrum Asset Management LLP grew its position in Evergy by 119.1% in the 4th quarter. Fulcrum Asset Management LLP now owns 43,867 shares of the company’s stock worth $3,180,000 after purchasing an additional 23,842 shares during the last quarter. Finally, RIA Advisory Group LLC acquired a new stake in Evergy in the 4th quarter worth $967,000. 87.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently commented on EVRG. BMO Capital Markets upped their price objective on shares of Evergy from $88.00 to $92.00 and gave the company an “outperform” rating in a research report on Wednesday, July 22nd. Wells Fargo & Company set a $87.00 target price on Evergy in a research report on Tuesday, April 21st. BTIG Research set a $97.00 price target on Evergy in a report on Thursday, July 23rd. UBS Group raised their price objective on Evergy from $88.00 to $91.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Evergy in a report on Friday, August 7th. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $90.60.

Evergy Stock Up 0.6%

Shares of NASDAQ:EVRG opened at $84.03 on Friday. Evergy Inc. has a 52 week low of $70.42 and a 52 week high of $88.62. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.21 and a current ratio of 0.36. The company’s fifty day moving average is $84.74 and its 200-day moving average is $82.60. The company has a market capitalization of $19.37 billion, a PE ratio of 21.33, a P/E/G ratio of 2.17 and a beta of 0.54.

Evergy (NASDAQ:EVRG) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.88 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 analyst estimates of $1.36 billion. Evergy had a net margin of 15.19% and a return on equity of 9.20%. During the same period in the previous year, the business earned $0.82 earnings per share. Evergy has set its FY 2026 guidance at 4.140-4.340 EPS. Equities research analysts predict that Evergy Inc. will post 4.25 earnings per share for the current fiscal year.

Evergy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Tuesday, August 18th will be given a dividend of $0.695 per share. 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 is 70.56%.

Insider Buying and Selling

In related news, EVP Charles A. Caisley sold 10,787 shares of the firm’s stock in a transaction 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 completion of the sale, the executive vice president directly owned 37,789 shares of the company’s stock, valued at $3,153,869.94. This trade represents a 22.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at 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 on Tuesday, June 2nd. The shares were sold at an average price of $81.41, for a total value of $48,846.00. Following the completion of the transaction, the director owned 680 shares of the company’s stock, valued at approximately $55,358.80. The trade was a 46.88% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 12,748 shares of company stock worth $1,061,870. 1.52% of the stock is owned by corporate 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.