LSV Asset Management Has $10.16 Million Stock Position in Evergy Inc. $EVRG

LSV Asset Management reduced its stake in shares of Evergy Inc. (NASDAQ:EVRG) by 17.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 140,200 shares of the company’s stock after selling 29,800 shares during the period. LSV Asset Management’s holdings in Evergy were worth $10,163,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Franklin Resources Inc. raised its holdings in Evergy by 4.3% during the third quarter. Franklin Resources Inc. now owns 6,058,061 shares of the company’s stock valued at $460,534,000 after buying an additional 251,027 shares in the last quarter. Federated Hermes Inc. increased its stake in shares of Evergy by 0.5% in the third quarter. Federated Hermes Inc. now owns 3,702,734 shares of the company’s stock worth $281,482,000 after purchasing an additional 17,592 shares during the period. Northern Trust Corp increased its stake in shares of Evergy by 10.6% in the third quarter. Northern Trust Corp now owns 2,760,494 shares of the company’s stock worth $209,853,000 after purchasing an additional 263,619 shares during the period. Magellan Asset Management Ltd increased its stake in shares of Evergy by 3.4% in the third quarter. Magellan Asset Management Ltd now owns 2,444,381 shares of the company’s stock worth $185,822,000 after purchasing an additional 79,888 shares during the period. Finally, Truist Financial Corp increased its stake in shares of Evergy by 28.4% in the fourth quarter. Truist Financial Corp now owns 1,847,410 shares of the company’s stock worth $133,919,000 after purchasing an additional 408,452 shares during the period. 87.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on EVRG shares. Wells Fargo & Company set a $87.00 price target on Evergy in a research note on Tuesday, April 21st. Wall Street Zen raised Evergy from a “sell” rating to a “hold” rating in a report on Saturday, February 21st. Weiss Ratings raised Evergy from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 11th. Bank of America reduced their target price on Evergy from $89.00 to $88.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. Finally, Mizuho set a $82.00 target price on Evergy in a report on Monday, February 23rd. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Evergy currently has an average rating of “Moderate Buy” and a consensus price target of $89.60.

Evergy Price Performance

NASDAQ:EVRG opened at $83.94 on Tuesday. The stock’s fifty day moving average price is $82.02 and its two-hundred day moving average price is $78.63. The company has a market cap of $19.35 billion, a price-to-earnings ratio of 22.27, a P/E/G ratio of 2.18 and a beta of 0.56. Evergy Inc. has a 52-week low of $64.70 and a 52-week high of $85.27. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.24 and a current ratio of 0.45.

Evergy (NASDAQ:EVRG) last issued its earnings results on Thursday, May 7th. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.63 by $0.06. The company had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Evergy had a net margin of 14.63% and a return on equity of 9.09%. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 EPS. Evergy has set its FY 2026 guidance at 4.140-4.340 EPS. On average, analysts anticipate that Evergy Inc. will post 4.25 EPS for the current year.

Evergy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Friday, May 22nd will be given a $0.695 dividend. The ex-dividend date is Friday, May 22nd. This represents a $2.78 dividend on an annualized basis and a dividend yield of 3.3%. Evergy’s dividend payout ratio is currently 73.74%.

Insider Activity at Evergy

In related news, SVP Charles L. King sold 2,440 shares of the company’s 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 sale, the senior vice president owned 18,359 shares in the company, valued at $1,508,926.21. This represents a 11.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Heather A. Humphrey sold 3,650 shares of the company’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $82.61, for a total transaction of $301,526.50. Following the completion of the sale, the senior vice president owned 44,007 shares of the company’s stock, valued at approximately $3,635,418.27. This represents a 7.66% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 8,937 shares of company stock worth $736,492 in the last quarter. Corporate insiders own 1.52% of the company’s stock.

Evergy 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.