Legal & General Group Plc Sells 119,353 Shares of Evergy Inc. $EVRG

Legal & General Group Plc lessened its position in Evergy Inc. (NASDAQ:EVRG) by 6.7% in the fourth quarter, HoldingsChannel reports. The firm owned 1,673,376 shares of the company’s stock after selling 119,353 shares during the quarter. Legal & General Group Plc’s holdings in Evergy were worth $121,303,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in EVRG. ANTIPODES PARTNERS Ltd purchased a new stake in Evergy in the third quarter worth $72,860,000. Truist Financial Corp raised its holdings in Evergy by 169.2% in the third quarter. Truist Financial Corp now owns 1,438,958 shares of the company’s stock worth $109,390,000 after purchasing an additional 904,400 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in Evergy by 136.7% during the third quarter. Envestnet Asset Management Inc. now owns 1,003,616 shares of the company’s stock valued at $76,295,000 after buying an additional 579,531 shares during the period. BROOKFIELD Corp ON bought a new stake in shares of Evergy during the 2nd quarter valued at $29,644,000. Finally, Cramer Rosenthal Mcglynn LLC bought a new stake in shares of Evergy during the 3rd quarter valued at $28,358,000. 87.24% of the stock is currently owned by institutional investors.

Evergy Trading Down 1.6%

NASDAQ EVRG opened at $82.85 on Friday. Evergy Inc. has a 12 month low of $64.70 and a 12 month high of $85.27. The company has a current ratio of 0.45, a quick ratio of 0.24 and a debt-to-equity ratio of 1.29. The stock’s fifty day moving average price is $82.07 and its 200-day moving average price is $78.79. The stock has a market cap of $19.10 billion, a P/E ratio of 21.98, a P/E/G ratio of 2.18 and a beta of 0.56.

Evergy (NASDAQ:EVRG) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.06. The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.27 billion. Evergy had a return on equity of 9.09% and a net margin of 14.63%.Evergy’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.54 EPS. Evergy has set its FY 2026 guidance at 4.140-4.340 EPS. As a group, equities analysts forecast that Evergy Inc. will post 4.25 EPS for the current fiscal year.

Evergy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Friday, May 22nd will be issued a $0.695 dividend. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $2.78 annualized dividend and a yield of 3.4%. Evergy’s payout ratio is 73.74%.

Insider Activity at Evergy

In other news, SVP Heather A. Humphrey sold 3,650 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $82.61, for a total value of $301,526.50. Following the transaction, the senior vice president owned 44,007 shares in the company, valued at approximately $3,635,418.27. This represents a 7.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Charles L. King sold 2,440 shares of the stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $82.19, for a total transaction of $200,543.60. Following the sale, the senior vice president owned 18,359 shares in the company, valued at approximately $1,508,926.21. The trade was a 11.73% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 1.52% of the company’s stock.

Analysts Set New Price Targets

EVRG has been the subject of several research reports. Wells Fargo & Company set a $87.00 price target on shares of Evergy in a research note on Tuesday, April 21st. Barclays boosted their price objective on shares of Evergy from $82.00 to $89.00 and gave the stock an “overweight” rating in a research note on Monday, March 9th. BTIG Research initiated coverage on shares of Evergy in a report on Thursday, April 9th. They issued a “buy” rating and a $99.00 price objective on the stock. Wall Street Zen raised shares of Evergy from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. Finally, Citigroup lifted their target price on shares of Evergy from $89.00 to $95.00 and gave the company a “buy” rating in a report on Friday, February 20th. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $89.60.

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.