Evergy (NASDAQ:EVRG) EVP Charles Caisley Sells 10,787 Shares

Evergy Inc. (NASDAQ:EVRG) EVP Charles Caisley sold 10,787 shares of Evergy stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $83.46, for a total transaction of $900,283.02. Following the completion of the transaction, the executive vice president directly owned 37,789 shares of the company’s stock, valued at $3,153,869.94. This trade represents a 22.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Evergy Stock Up 0.6%

Shares of Evergy stock opened at $83.97 on Wednesday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.24 and a current ratio of 0.45. The stock has a market capitalization of $19.36 billion, a PE ratio of 22.27, a price-to-earnings-growth ratio of 2.16 and a beta of 0.54. Evergy Inc. has a 52-week low of $66.19 and a 52-week high of $85.27. The company has a 50-day simple moving average of $82.42 and a two-hundred day simple moving average of $79.32.

Evergy (NASDAQ:EVRG) last issued its 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 business 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 period in the previous year, the company earned $0.54 earnings per share. 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 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 3.3%. Evergy’s payout ratio is 73.74%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on EVRG. BMO Capital Markets lifted their target price on shares of Evergy from $82.00 to $87.00 and gave the stock an “outperform” rating in a report on Monday, February 23rd. Barclays lifted their price target 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. Weiss Ratings upgraded shares of Evergy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 11th. Wells Fargo & Company set a $87.00 price target on shares of Evergy in a research note on Tuesday, April 21st. Finally, BTIG Research began coverage on shares of Evergy in a research note on Thursday, April 9th. They issued a “buy” rating and a $99.00 price target for the company. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Evergy has a consensus rating of “Moderate Buy” and a consensus target price of $89.60.

Institutional Trading of Evergy

Several large investors have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC grew its position in Evergy by 0.8% during the first quarter. Kestra Advisory Services LLC now owns 15,829 shares of the company’s stock valued at $1,297,000 after buying an additional 124 shares during the period. Retirement Planning Group LLC grew its position in Evergy by 0.6% during the first quarter. Retirement Planning Group LLC now owns 23,659 shares of the company’s stock valued at $1,938,000 after buying an additional 137 shares during the period. Earned Wealth Advisors LLC boosted its position in shares of Evergy by 4.9% in the first quarter. Earned Wealth Advisors LLC now owns 2,946 shares of the company’s stock worth $241,000 after purchasing an additional 137 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of Evergy by 0.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 24,981 shares of the company’s stock worth $1,826,000 after purchasing an additional 140 shares during the period. Finally, Optiver Holding B.V. boosted its position in shares of Evergy by 14.5% in the first quarter. Optiver Holding B.V. now owns 1,107 shares of the company’s stock worth $91,000 after purchasing an additional 140 shares during the period. 87.24% of the stock is currently owned by institutional investors.

Evergy Company 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.