Eurizon Capital SGR S.p.A. Buys Shares of 83,956 Evergy Inc. $EVRG

Eurizon Capital SGR S.p.A. bought a new stake in shares of Evergy Inc. (NASDAQ:EVRG) during the 4th quarter, HoldingsChannel reports. The firm bought 83,956 shares of the company’s stock, valued at approximately $6,086,000.

Other institutional investors have also added to or reduced their stakes in the company. Caprock Group LLC purchased a new stake in Evergy during the 3rd quarter valued at $1,482,000. ANTIPODES PARTNERS Ltd purchased a new stake in Evergy during the 3rd quarter valued at $72,860,000. Orion Porfolio Solutions LLC boosted its stake in Evergy by 32.5% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 83,233 shares of the company’s stock valued at $6,327,000 after purchasing an additional 20,395 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its stake in Evergy by 9.9% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 209,307 shares of the company’s stock valued at $15,912,000 after purchasing an additional 18,783 shares during the last quarter. Finally, Goelzer Investment Management Inc. purchased a new stake in Evergy during the 4th quarter valued at $1,073,000. 87.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, SVP Heather A. Humphrey sold 3,650 shares of the firm’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $82.61, for a total value of $301,526.50. Following the transaction, the senior vice president directly owned 44,007 shares of the company’s stock, valued at approximately $3,635,418.27. This trade represents a 7.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sandra Aj Lawrence sold 761 shares of the firm’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $83.31, for a total value of $63,398.91. Following the completion of the transaction, the director directly owned 1,680 shares in the company, valued at approximately $139,960.80. This represents a 31.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 7,251 shares of company stock valued at $598,285. 1.52% of the stock is owned by company insiders.

Evergy Price Performance

Shares of Evergy stock opened at $80.39 on Tuesday. Evergy Inc. has a one year low of $64.70 and a one year high of $85.27. The stock’s fifty day moving average is $82.06 and its 200 day moving average is $78.85. The stock has a market cap of $18.53 billion, a P/E ratio of 21.32, a P/E/G ratio of 2.13 and a beta of 0.55. 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 announced its earnings results on Thursday, May 7th. The company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.06. Evergy had a return on equity of 9.09% and a net margin of 14.63%.The company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same period last year, the firm earned $0.54 EPS. Evergy’s revenue for the quarter was up 5.0% compared to the same quarter last year. Evergy has set its FY 2026 guidance at 4.140-4.340 EPS. Sell-side analysts anticipate that Evergy Inc. will post 4.25 earnings per share for the current year.

Evergy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Friday, May 22nd will be issued a $0.695 dividend. This represents a $2.78 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Friday, May 22nd. Evergy’s dividend payout ratio (DPR) is currently 73.74%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. BMO Capital Markets increased their target price on Evergy from $82.00 to $87.00 and gave the company an “outperform” rating in a research note on Monday, February 23rd. Barclays increased their price target on Evergy from $82.00 to $89.00 and gave the company an “overweight” rating in a report on Monday, March 9th. Weiss Ratings raised Evergy from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 11th. BTIG Research began coverage on Evergy in a report on Thursday, April 9th. They set a “buy” rating and a $99.00 price target on the stock. Finally, Bank of America lowered their price target on Evergy from $89.00 to $88.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.