Insider Selling: Evergy (NASDAQ:EVRG) Director Sells $63,398.91 in Stock

Evergy Inc. (NASDAQ:EVRG) Director Sandra Aj Lawrence sold 761 shares of Evergy stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $83.31, for a total transaction of $63,398.91. Following the sale, the director owned 1,680 shares of the company’s stock, valued at $139,960.80. The trade was a 31.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Sandra Aj Lawrence also recently made the following trade(s):

• On Friday, May 29th, Sandra Aj Lawrence sold 400 shares of Evergy stock. The shares were sold at an average price of $82.04, for a total transaction of $32,816.00.

Evergy Trading Down 0.3%

Shares of EVRG opened at $81.07 on Thursday. Evergy Inc. has a 1-year low of $64.70 and a 1-year high of $85.27. The company has a 50-day moving average of $82.15 and a 200 day moving average of $78.92. The firm has a market capitalization of $18.69 billion, a price-to-earnings ratio of 21.50, a PEG ratio of 2.11 and a beta of 0.54. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.45 and a quick ratio of 0.24.

Evergy (NASDAQ:EVRG) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.69 earnings per share for the quarter, beating 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 company had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same quarter last year, the business posted $0.54 EPS. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. Evergy has set its FY 2026 guidance at 4.140-4.340 EPS. On average, research analysts expect that Evergy Inc. will post 4.25 EPS for the current year.

Evergy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, May 22nd will be issued a $0.695 dividend. The ex-dividend date is Friday, May 22nd. This represents a $2.78 annualized dividend and a dividend yield of 3.4%. Evergy’s payout ratio is currently 73.74%.

Wall Street Analyst Weigh In

EVRG has been the subject of several recent research reports. Citigroup boosted their price target on shares of Evergy from $89.00 to $95.00 and gave the company a “buy” rating in a report on Friday, February 20th. Mizuho set a $82.00 price target on shares of Evergy in a report on Monday, February 23rd. UBS Group raised their price objective on Evergy from $88.00 to $91.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. BMO Capital Markets raised their price objective on Evergy from $82.00 to $87.00 and gave the company an “outperform” rating in a research report on Monday, February 23rd. Finally, Weiss Ratings raised Evergy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 11th. Eight equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $89.60.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. CoreFirst Bank & Trust raised its stake in shares of Evergy by 7.8% during the 1st quarter. CoreFirst Bank & Trust now owns 9,691 shares of the company’s stock worth $794,000 after acquiring an additional 702 shares in the last quarter. Parallel Advisors LLC raised its stake in shares of Evergy by 17.9% during the 1st quarter. Parallel Advisors LLC now owns 12,411 shares of the company’s stock worth $1,017,000 after acquiring an additional 1,880 shares in the last quarter. NewEdge Advisors LLC raised its stake in shares of Evergy by 38.0% during the 1st quarter. NewEdge Advisors LLC now owns 26,362 shares of the company’s stock worth $2,159,000 after acquiring an additional 7,253 shares in the last quarter. Optiver Holding B.V. raised its stake in shares of Evergy by 14.5% during the 1st quarter. Optiver Holding B.V. now owns 1,107 shares of the company’s stock worth $91,000 after acquiring an additional 140 shares in the last quarter. Finally, Alpine Woods Capital Investors LLC raised its stake in shares of Evergy by 13.4% during the 1st quarter. Alpine Woods Capital Investors LLC now owns 75,695 shares of the company’s stock worth $6,201,000 after acquiring an additional 8,966 shares in the last quarter. Institutional investors own 87.24% of the company’s stock.

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.