Pallas Capital Advisors LLC Makes New Investment in Evergy Inc. $EVRG

Pallas Capital Advisors LLC bought a new stake in shares of Evergy Inc. (NASDAQ:EVRG) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 9,898 shares of the company’s stock, valued at approximately $855,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Kestra Advisory Services LLC boosted its stake in shares of Evergy by 0.8% during the 1st quarter. Kestra Advisory Services LLC now owns 15,829 shares of the company’s stock worth $1,297,000 after acquiring an additional 124 shares in the last quarter. Trilogy Capital Inc. increased its holdings in shares of Evergy by 0.3% during the 2nd quarter. Trilogy Capital Inc. now owns 47,210 shares of the company’s stock valued at $4,080,000 after acquiring an additional 125 shares during the last quarter. Retirement Planning Group LLC increased its holdings in shares of Evergy by 0.6% during the 1st quarter. Retirement Planning Group LLC now owns 23,659 shares of the company’s stock valued at $1,938,000 after acquiring an additional 137 shares during the last quarter. Earned Wealth Advisors LLC raised its stake in shares of Evergy by 4.9% in the 1st quarter. Earned Wealth Advisors LLC now owns 2,946 shares of the company’s stock valued at $241,000 after acquiring an additional 137 shares in the last quarter. Finally, Optiver Holding B.V. raised its stake in shares of Evergy by 14.5% in the 1st quarter. Optiver Holding B.V. now owns 1,107 shares of the company’s stock valued at $91,000 after acquiring an additional 140 shares in the last quarter. Institutional investors and hedge funds own 87.24% of the company’s stock.

Insiders Place Their Bets

In other Evergy news, EVP Charles A. Caisley sold 10,787 shares of Evergy 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 sale, the executive vice president directly owned 37,789 shares of the company’s stock, valued at approximately $3,153,869.94. The trade was a 22.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 dated Tuesday, June 2nd. The stock was sold at an average price of $81.41, for a total transaction of $48,846.00. Following the completion of the sale, the director directly owned 680 shares in the company, valued at approximately $55,358.80. The trade was a 46.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 12,748 shares of company stock valued at $1,061,870. Insiders own 1.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on EVRG shares. Weiss Ratings restated a “buy (b)” rating on shares of Evergy in a report on Friday, August 7th. BTIG Research set a $97.00 price target on Evergy in a report on Thursday, July 23rd. Barclays lifted their price target on shares of Evergy from $89.00 to $94.00 and gave the company an “overweight” rating in a research report on Tuesday, June 30th. BMO Capital Markets boosted their price objective on shares of Evergy from $88.00 to $92.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 22nd. Finally, UBS Group upped 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. Eight investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $90.60.

Evergy Stock Performance

Shares of NASDAQ EVRG opened at $83.42 on Wednesday. Evergy Inc. has a 12 month low of $70.42 and a 12 month high of $88.62. The company has a market cap of $19.23 billion, a P/E ratio of 21.17, a P/E/G ratio of 2.18 and a beta of 0.54. The business’s 50 day moving average is $84.81 and its two-hundred day moving average is $82.74. The company has a quick ratio of 0.21, a current ratio of 0.36 and a debt-to-equity ratio of 1.20.

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

Evergy Dividend Announcement

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

Evergy 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.