Brandes Investment Partners LP Purchases 34,767 Shares of Evergy Inc. $EVRG

Brandes Investment Partners LP boosted its position in Evergy Inc. (NASDAQ:EVRG) by 3.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,138,521 shares of the company’s stock after buying an additional 34,767 shares during the quarter. Brandes Investment Partners LP’s holdings in Evergy were worth $82,532,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of EVRG. Brighton Jones LLC bought a new position in shares of Evergy during the fourth quarter valued at $257,000. United Services Automobile Association bought a new position in shares of Evergy during the first quarter valued at $223,000. Empowered Funds LLC increased its holdings in shares of Evergy by 19.5% during the first quarter. Empowered Funds LLC now owns 4,648 shares of the company’s stock valued at $320,000 after acquiring an additional 758 shares in the last quarter. Woodline Partners LP increased its holdings in shares of Evergy by 40.7% during the first quarter. Woodline Partners LP now owns 19,429 shares of the company’s stock valued at $1,340,000 after acquiring an additional 5,618 shares in the last quarter. Finally, Focus Partners Wealth increased its holdings in shares of Evergy by 7.3% during the first quarter. Focus Partners Wealth now owns 13,791 shares of the company’s stock valued at $951,000 after acquiring an additional 939 shares in the last quarter. 87.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

EVRG has been the subject of several analyst reports. Barclays raised 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. BMO Capital Markets raised their price target on Evergy from $82.00 to $87.00 and gave the company an “outperform” rating in a report on Monday, February 23rd. Weiss Ratings upgraded Evergy from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 11th. UBS Group raised their price target on Evergy from $88.00 to $91.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Finally, Wells Fargo & Company set a $87.00 price target on Evergy in a report on Tuesday, April 21st. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $89.60.

Evergy Trading Up 0.7%

Evergy stock opened at $82.27 on Wednesday. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.45 and a quick ratio of 0.24. Evergy Inc. has a one year low of $66.19 and a one year high of $85.27. The stock has a market capitalization of $18.96 billion, a PE ratio of 21.82, a price-to-earnings-growth ratio of 2.12 and a beta of 0.54. The business’s fifty day moving average is $82.31 and its 200 day moving average is $79.08.

Evergy (NASDAQ:EVRG) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.69 EPS for the quarter, beating the consensus estimate 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 posted $0.54 earnings per share. Evergy’s revenue was up 5.0% compared to the same quarter last year. Evergy has set its FY 2026 guidance at 4.140-4.340 EPS. On average, sell-side analysts predict that Evergy Inc. will post 4.25 EPS for the current year.

Evergy Dividend Announcement

The firm 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 dividend of $0.695 per share. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $2.78 annualized dividend and a dividend yield of 3.4%. Evergy’s dividend payout ratio (DPR) is 73.74%.

Insider Buying and Selling at Evergy

In related news, SVP Charles L. King sold 2,440 shares of the stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $82.19, for a total transaction of $200,543.60. Following the sale, the senior vice president directly owned 18,359 shares of the company’s stock, valued at $1,508,926.21. This trade represents a 11.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 sale, the director directly owned 680 shares in the company, valued at $55,358.80. This trade represents a 46.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 4,401 shares of company stock worth $362,131 over the last ninety days. 1.52% of the stock is currently owned by insiders.

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.