SVB Wealth LLC Purchases 21,212 Shares of Evergy Inc. $EVRG

SVB Wealth LLC raised its position in Evergy Inc. (NASDAQ:EVRG) by 69.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,775 shares of the company’s stock after buying an additional 21,212 shares during the quarter. SVB Wealth LLC’s holdings in Evergy were worth $4,241,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. MidFirst Bank bought a new stake in shares of Evergy in the fourth quarter valued at about $25,000. Harbor Capital Advisors Inc. bought a new position in Evergy during the fourth quarter worth about $27,000. Accredited Wealth Management LLC increased its position in Evergy by 1,310.3% during the third quarter. Accredited Wealth Management LLC now owns 409 shares of the company’s stock worth $31,000 after acquiring an additional 380 shares during the period. Prosperity Bancshares Inc acquired a new stake in Evergy in the 4th quarter worth about $32,000. Finally, Triumph Capital Management raised its stake in Evergy by 104.8% in the 4th quarter. Triumph Capital Management now owns 508 shares of the company’s stock worth $37,000 after purchasing an additional 260 shares in the last quarter. Institutional investors own 87.24% of the company’s stock.

Insider Buying and Selling

In related news, EVP Charles A. Caisley sold 10,787 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $83.46, for a total transaction of $900,283.02. Following the sale, the executive vice president owned 37,789 shares in the company, valued at approximately $3,153,869.94. This trade represents a 22.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, 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 stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $81.41, for a total transaction of $48,846.00. Following the sale, the director owned 680 shares in the company, valued at $55,358.80. This represents a 46.88% decrease in their position. The disclosure for this sale is available in the SEC filing. In 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 insiders.

Evergy Stock Up 0.9%

EVRG stock opened at $83.25 on Tuesday. The company has a market cap of $19.19 billion, a PE ratio of 22.08, a price-to-earnings-growth ratio of 2.14 and a beta of 0.55. The business has a 50-day simple moving average of $82.37 and a 200 day simple moving average of $79.51. Evergy Inc. has a 52 week low of $67.30 and a 52 week high of $85.27. The company has a quick ratio of 0.24, a current ratio of 0.45 and a debt-to-equity ratio of 1.29.

Evergy (NASDAQ:EVRG) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.69 earnings per share 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%. Evergy’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.54 earnings per share. Evergy has set its FY 2026 guidance at 4.140-4.340 EPS. Sell-side analysts anticipate that Evergy Inc. will post 4.25 EPS for the current fiscal year.

Evergy Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on EVRG. Barclays boosted their price objective on shares of Evergy from $82.00 to $89.00 and gave the company an “overweight” rating in a report on Monday, March 9th. Weiss Ratings raised shares of Evergy from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 11th. BMO Capital Markets lifted their price target on shares of Evergy from $82.00 to $87.00 and gave the company an “outperform” rating in a research report on Monday, February 23rd. BTIG Research began coverage on Evergy in a research note on Thursday, April 9th. They issued a “buy” rating and a $99.00 price target for the company. Finally, Wells Fargo & Company set a $87.00 price target on Evergy in a research 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $89.60.

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.