Evergy (NASDAQ:EVRG) EVP Charles Caisley Sells 10,787 Shares

Evergy Inc. (NASDAQ:EVRG) EVP Charles Caisley sold 10,787 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $83.46, for a total transaction of $900,283.02. Following the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Evergy Stock Performance

NASDAQ:EVRG traded up $0.53 during mid-day trading on Tuesday, reaching $83.97. The stock had a trading volume of 1,783,716 shares, compared to its average volume of 2,053,906. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.24 and a current ratio of 0.45. The firm has a market capitalization of $19.36 billion, a price-to-earnings ratio of 22.27, a PEG ratio of 2.18 and a beta of 0.55. Evergy Inc. has a twelve month low of $66.19 and a twelve month high of $85.27. The business has a 50 day simple moving average of $82.39 and a 200 day simple moving average of $79.27.

Evergy (NASDAQ:EVRG) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.06. The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.27 billion. Evergy had a net margin of 14.63% and a return on equity of 9.09%. The firm’s revenue was up 5.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.54 earnings per share. Evergy has set its FY 2026 guidance at 4.140-4.340 EPS. On average, analysts expect that Evergy Inc. will post 4.25 earnings per share for the current fiscal year.

Evergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Friday, May 22nd will be given a $0.695 dividend. The ex-dividend date is 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 presently 73.74%.

Institutional Investors Weigh In On Evergy

Large investors have recently made changes to their positions in the business. MidFirst Bank acquired a new stake in shares of Evergy in the fourth quarter worth $25,000. Harbor Capital Advisors Inc. bought a new position in Evergy during the 4th quarter valued at $27,000. Accredited Wealth Management LLC boosted its stake in Evergy by 1,310.3% during the 3rd quarter. Accredited Wealth Management LLC now owns 409 shares of the company’s stock valued at $31,000 after acquiring an additional 380 shares during the last quarter. Prosperity Bancshares Inc bought a new position in shares of Evergy in the 4th quarter worth about $32,000. Finally, Triumph Capital Management lifted its position in shares of Evergy by 104.8% in the 4th quarter. Triumph Capital Management now owns 508 shares of the company’s stock worth $37,000 after buying an additional 260 shares during the last quarter. Institutional investors and hedge funds own 87.24% of the company’s stock.

Wall Street Analysts Forecast Growth

EVRG has been the topic of several recent analyst reports. BTIG Research initiated coverage on shares of Evergy in a research report on Thursday, April 9th. They set a “buy” rating and a $99.00 target price on the stock. Wells Fargo & Company set a $87.00 target price on shares of Evergy in a research report on Tuesday, April 21st. Citigroup upped their target price on shares of Evergy from $89.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. BMO Capital Markets upped their price target on shares of Evergy from $82.00 to $87.00 and gave the company an “outperform” rating in a report on Monday, February 23rd. Finally, Wall Street Zen raised shares of Evergy from a “sell” rating to a “hold” rating in a report on Saturday, February 21st. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Evergy presently has an average rating of “Moderate Buy” and a consensus price target of $89.60.

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.