Evergy Inc. $EVRG Stock Holdings Increased by Swiss National Bank

Swiss National Bank raised its position in shares of Evergy Inc. (NASDAQ:EVRG) by 7.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 675,726 shares of the company’s stock after buying an additional 45,000 shares during the quarter. Swiss National Bank’s holdings in Evergy were worth $55,355,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in EVRG. MidFirst Bank bought a new position in shares of Evergy in the 4th quarter worth about $25,000. Harbor Capital Advisors Inc. acquired a new position in Evergy during the 4th quarter valued at approximately $27,000. Prosperity Bancshares Inc bought a new position in Evergy during the 4th quarter worth $32,000. Triumph Capital Management increased its position in Evergy by 104.8% in the fourth quarter. Triumph Capital Management now owns 508 shares of the company’s stock worth $37,000 after buying an additional 260 shares during the period. Finally, Transamerica Financial Advisors LLC increased its position in Evergy by 163.2% in the fourth quarter. Transamerica Financial Advisors LLC now owns 529 shares of the company’s stock worth $38,000 after buying an additional 328 shares during the period. 87.24% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on EVRG. Bank of America reduced their price target on shares of Evergy from $89.00 to $88.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. UBS Group increased their price objective on shares of Evergy from $88.00 to $91.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Wells Fargo & Company set a $87.00 price objective on shares of Evergy in a research report on Tuesday, April 21st. Weiss Ratings raised shares of Evergy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 11th. Finally, BTIG Research began coverage on shares of Evergy in a research report on Thursday, April 9th. They issued a “buy” rating and a $99.00 target price for the company. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.10.

Evergy Price Performance

Shares of Evergy stock opened at $84.92 on Wednesday. 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 company’s 50-day moving average price is $84.19 and its two-hundred day moving average price is $81.43. Evergy Inc. has a 52 week low of $68.00 and a 52 week high of $88.62. The stock has a market cap of $19.58 billion, a PE ratio of 22.53, a price-to-earnings-growth ratio of 2.21 and a beta of 0.54.

Evergy (NASDAQ:EVRG) last issued its earnings results on Wednesday, May 6th. The company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.06. Evergy had a net margin of 14.63% and a return on equity of 9.09%. The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same period last year, the firm posted $0.54 earnings per share. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Evergy Inc. will post 4.24 EPS for the current fiscal year.

Evergy Announces Dividend

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

Insider Transactions at Evergy

In other news, Director Sandra Aj Lawrence sold 761 shares of Evergy stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $83.31, for a total value of $63,398.91. Following the transaction, the director directly owned 1,680 shares of the company’s stock, valued at $139,960.80. This trade represents a 31.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Charles A. Caisley sold 10,787 shares of the firm’s stock in a transaction that occurred on 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 represents a 22.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 12,748 shares of company stock worth $1,061,870 in the last three months. 1.52% of the stock is currently owned by company 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.