59,709 Shares of Evergy Inc. $EVRG Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. bought a new position in Evergy Inc. (NASDAQ:EVRG) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 59,709 shares of the company’s stock, valued at approximately $4,684,000.

Other large investors have also made changes to their positions in the company. Magellan Asset Management Ltd purchased a new stake in shares of Evergy in the 2nd quarter valued at approximately $187,857,000. Legal & General Group Plc acquired a new position in Evergy in the 2nd quarter worth approximately $138,233,000. Dimensional Fund Advisors LP boosted its stake in Evergy by 1.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,373,291 shares of the company’s stock worth $112,497,000 after purchasing an additional 25,881 shares during the period. Energy Income Partners LLC purchased a new position in Evergy during the 2nd quarter worth approximately $110,394,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Evergy by 9.1% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,160,181 shares of the company’s stock worth $100,274,000 after purchasing an additional 96,765 shares in the last quarter. Institutional investors and hedge funds own 87.24% of the company’s stock.

Evergy Price Performance

NASDAQ EVRG opened at $87.41 on Friday. The company has a 50 day simple moving average of $81.67 and a 200-day simple moving average of $82.20. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.36 and a quick ratio of 0.21. The firm has a market capitalization of $20.15 billion, a price-to-earnings ratio of 22.19, a price-to-earnings-growth ratio of 2.23 and a beta of 0.49. Evergy Inc. has a 52-week low of $71.40 and a 52-week high of $89.66.

Evergy (NASDAQ:EVRG) last announced its quarterly earnings data on Thursday, November 5th. The company reported $2.58 EPS for the quarter, beating analysts’ consensus estimates of $2.33 by $0.25. Evergy had a net margin of 15.19% and a return on equity of 9.20%. The firm had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $1.93 billion. During the same period in the previous year, the firm posted $2.03 earnings per share. Equities research analysts predict that Evergy Inc. will post 4.27 earnings per share for the current fiscal year.

Evergy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Friday, November 20th will be given a $0.7225 dividend. This represents a $2.89 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Friday, November 20th. This is a positive change from Evergy’s previous quarterly dividend of $0.6950. Evergy’s payout ratio is currently 70.56%.

Insider Activity

In related news, Director Jonathan Rolph bought 1,640 shares of the firm’s stock in a transaction on Friday, September 11th. The stock was bought at an average price of $81.47 per share, with a total value of $133,610.80. Following the purchase, the director directly owned 670 shares of the company’s stock, valued at approximately $54,584.90. This represents a -169.07% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.52% of the stock is owned by company insiders.

Trending Headlines about Evergy

Here are the key news stories impacting Evergy this week:

• Positive Sentiment: Q3 results topped estimates: Evergy reported earnings of $2.58 per share, versus the $2.33 consensus, and revenue of $2.10 billion, above expectations of $1.93 billion. Earnings also rose from $2.03 per share a year earlier. Read More.
• Positive Sentiment: 2026 guidance increased: Evergy now expects adjusted EPS of $4.35–$4.50, above the FactSet estimate of $4.29. The company attributed growth to its Kansas Central and Metro businesses. Read More.
• Positive Sentiment: Dividend raised: Evergy declared a quarterly dividend of $0.7225 per share, up 4% from $0.6950, equivalent to $2.89 annually and a reported 3.3% yield.
• Positive Sentiment: Demand and investment outlook: Earnings-call coverage pointed to customer-demand growth and continued investment, adding support to the company’s longer-term growth narrative. Read More.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. HSBC assumed coverage on shares of Evergy in a research note on Thursday, October 22nd. They set a “buy” rating and a $92.00 target price on the stock. Truist Financial began coverage on Evergy in a research report on Tuesday, October 27th. They issued a “buy” rating and a $97.00 target price for the company. Citigroup lifted their price target on Evergy from $95.00 to $97.00 and gave the company a “buy” rating in a report on Friday, July 24th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Evergy in a report on Friday, October 9th. Finally, BMO Capital Markets dropped their price target on Evergy from $89.00 to $85.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 13th. Ten research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $90.00.

Evergy Company Profile

Evergy, Inc is an investor-owned electric utility that generates, transmits, distributes and sells electricity to residential, commercial, industrial and municipal customers. The company operates regulated utilities in Kansas and Missouri, providing electric service through its Kansas Central, Kansas South, Missouri Metro and Missouri West operations.

Evergy’s generation portfolio includes wind, solar, coal, natural gas and nuclear power. The company also owns an interest in the Wolf Creek Generating Station, a nuclear power plant in Kansas, and continues to invest in renewable energy, grid modernization and other infrastructure intended to support reliable electricity service.

Evergy was formed in 2018 through the merger of Westar Energy and Great Plains Energy, the parent company of Kansas City Power & Light.