Insider Selling: Evergy (NASDAQ:EVRG) Director Sells $48,846.00 in Stock

Evergy Inc. (NASDAQ:EVRG) Director Sandra Aj Lawrence sold 600 shares of the 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 sale, the director owned 680 shares in the company, valued at approximately $55,358.80. This trade represents a 46.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Sandra Aj Lawrence also recently made the following trade(s):

• On Wednesday, June 3rd, Sandra Aj Lawrence sold 200 shares of Evergy stock. The shares were sold at an average price of $82.63, for a total value of $16,526.00.
• On Friday, May 29th, Sandra Aj Lawrence sold 400 shares of Evergy stock. The shares were sold at an average price of $82.04, for a total value of $32,816.00.
• On Thursday, May 28th, Sandra Aj Lawrence sold 761 shares of Evergy stock. The shares were sold at an average price of $83.31, for a total value of $63,398.91.

Evergy Stock Up 1.7%

EVRG opened at $83.27 on Friday. Evergy Inc. has a 1-year low of $64.80 and a 1-year high of $85.27. The stock’s fifty day simple moving average is $82.25 and its 200 day simple moving average is $78.98. 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 has a market cap of $19.19 billion, a PE ratio of 22.09, a price-to-earnings-growth ratio of 2.16 and a beta of 0.54.

Evergy (NASDAQ:EVRG) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.69 earnings per share for the quarter, beating 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 business had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter in the prior year, the business earned $0.54 EPS. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. Evergy has set its FY 2026 guidance at 4.140-4.340 EPS. As a group, research analysts expect that Evergy Inc. will post 4.25 earnings per share for the current year.

Evergy Announces Dividend

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

Analysts Set New Price Targets

Several research firms have weighed in on EVRG. Citigroup increased their price objective on Evergy from $89.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. BTIG Research began coverage on Evergy in a research report on Thursday, April 9th. They set a “buy” rating and a $99.00 price objective on the stock. Bank of America lowered their price objective on Evergy from $89.00 to $88.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. Wall Street Zen upgraded Evergy from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. Finally, Barclays increased their price objective on Evergy from $82.00 to $89.00 and gave the stock an “overweight” rating in a research report on Monday, March 9th. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $89.60.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. MidFirst Bank acquired a new position in Evergy in the fourth quarter valued at about $25,000. Harbor Capital Advisors Inc. acquired a new position in Evergy in the fourth quarter valued at about $27,000. Accredited Wealth Management LLC raised its stake in Evergy by 1,310.3% in the third quarter. Accredited Wealth Management LLC now owns 409 shares of the company’s stock valued at $31,000 after purchasing an additional 380 shares in the last quarter. Prosperity Bancshares Inc acquired a new position in Evergy in the fourth quarter valued at about $32,000. Finally, Triumph Capital Management raised its stake in Evergy by 104.8% in the fourth quarter. Triumph Capital Management now owns 508 shares of the company’s stock valued at $37,000 after purchasing an additional 260 shares in the last quarter. Institutional investors and hedge funds own 87.24% of the company’s stock.

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.