GSA Capital Partners LLP Purchases New Shares in Evergy Inc. $EVRG

GSA Capital Partners LLP acquired a new stake in shares of Evergy Inc. (NASDAQ:EVRG) in the 2nd quarter, Holdings Channel reports. The firm acquired 10,839 shares of the company’s stock, valued at approximately $937,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Adage Capital Partners GP L.L.C. increased its holdings in shares of Evergy by 476.6% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 1,207,882 shares of the company’s stock worth $87,559,000 after buying an additional 998,400 shares during the last quarter. Freestone Grove Partners LP grew its position in Evergy by 321.1% in the fourth quarter. Freestone Grove Partners LP now owns 854,739 shares of the company’s stock worth $61,960,000 after acquiring an additional 651,738 shares in the last quarter. Renaissance Technologies LLC increased its stake in Evergy by 122.4% during the fourth quarter. Renaissance Technologies LLC now owns 811,202 shares of the company’s stock worth $58,804,000 after acquiring an additional 446,400 shares during the last quarter. BROOKFIELD Corp ON bought a new stake in Evergy during the second quarter worth approximately $29,644,000. Finally, Zimmer Partners LP raised its position in Evergy by 147.8% during the fourth quarter. Zimmer Partners LP now owns 137,500 shares of the company’s stock valued at $9,967,000 after purchasing an additional 425,000 shares during the period. 87.24% of the stock is owned by hedge funds and other institutional investors.

Evergy Stock Performance

Evergy stock opened at $83.42 on Wednesday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.36 and a quick ratio of 0.21. The firm has a market capitalization of $19.23 billion, a P/E ratio of 21.17, a price-to-earnings-growth ratio of 2.18 and a beta of 0.54. Evergy Inc. has a 1-year low of $70.42 and a 1-year high of $88.62. The company’s 50-day moving average is $84.81 and its 200 day moving average is $82.74.

Evergy (NASDAQ:EVRG) last announced its earnings results on Thursday, August 6th. The company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.07. The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.36 billion. Evergy had a return on equity of 9.20% and a net margin of 15.19%.During the same quarter in the previous year, the business earned $0.82 earnings per share. Evergy has set its FY 2026 guidance at 4.140-4.340 EPS. Research analysts forecast that Evergy Inc. will post 4.25 EPS for the current year.

Evergy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Tuesday, August 18th will be paid a dividend of $0.695 per share. This represents a $2.78 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Tuesday, August 18th. Evergy’s payout ratio is currently 70.56%.

Insiders Place Their Bets

In other news, EVP Charles A. Caisley sold 10,787 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $83.46, for a total value of $900,283.02. Following the completion of the sale, the executive vice president owned 37,789 shares of the company’s stock, valued at approximately $3,153,869.94. This represents a 22.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Sandra Aj Lawrence sold 600 shares of the company’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $81.41, for a total value of $48,846.00. Following the sale, the director owned 680 shares of the company’s stock, valued at approximately $55,358.80. This represents a 46.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 12,748 shares of company stock valued at $1,061,870. 1.52% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on EVRG. Wells Fargo & Company set a $87.00 price objective on Evergy in a research note on Tuesday, April 21st. UBS Group boosted their target price on Evergy from $88.00 to $91.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Barclays increased their price target on Evergy from $89.00 to $94.00 and gave the company an “overweight” rating in a report on Tuesday, June 30th. BMO Capital Markets raised their price target on Evergy from $88.00 to $92.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 22nd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Evergy in a research note on Friday, August 7th. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Evergy currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.60.

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.