Meeder Advisory Services Inc. Buys Shares of 20,141 Evergy Inc. $EVRG

Meeder Advisory Services Inc. 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 20,141 shares of the company’s stock, valued at approximately $1,741,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew its stake in Evergy by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 6,447,150 shares of the company’s stock valued at $465,684,000 after buying an additional 105,842 shares during the last quarter. Franklin Resources Inc. grew its position in Evergy by 0.6% in the 4th quarter. Franklin Resources Inc. now owns 6,091,518 shares of the company’s stock worth $441,574,000 after purchasing an additional 33,457 shares during the last quarter. Federated Hermes Inc. increased its holdings in shares of Evergy by 1.6% during the 4th quarter. Federated Hermes Inc. now owns 3,760,548 shares of the company’s stock worth $272,602,000 after purchasing an additional 57,814 shares during the period. Northern Trust Corp increased its holdings in shares of Evergy by 10.6% during the 3rd quarter. Northern Trust Corp now owns 2,760,494 shares of the company’s stock worth $209,853,000 after purchasing an additional 263,619 shares during the period. Finally, Truist Financial Corp raised its position in shares of Evergy by 28.4% during the fourth quarter. Truist Financial Corp now owns 1,847,410 shares of the company’s stock valued at $133,919,000 after buying an additional 408,452 shares during the last quarter. Institutional investors and hedge funds own 87.24% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on EVRG. Barclays increased their target price on shares of Evergy from $89.00 to $94.00 and gave the company an “overweight” rating in a research note on Tuesday, June 30th. BTIG Research set a $97.00 price target on Evergy in a report on Thursday, July 23rd. BMO Capital Markets raised their price objective on Evergy from $88.00 to $92.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 22nd. Weiss Ratings reissued a “buy (b)” rating on shares of Evergy in a report on Friday, August 7th. Finally, Wells Fargo & Company set a $87.00 price objective on Evergy in a research report on Tuesday, April 21st. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Evergy currently has a consensus rating of “Moderate Buy” and an average price target of $90.60.

Insider Activity at Evergy

In related news, Director Sandra Aj Lawrence sold 600 shares of the firm’s 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 completion of the transaction, the director owned 680 shares in the company, valued at $55,358.80. This trade represents a 46.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Charles A. Caisley sold 10,787 shares of the business’s stock in a transaction 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 directly owned 37,789 shares in the company, valued at approximately $3,153,869.94. This represents a 22.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 12,748 shares of company stock worth $1,061,870. Corporate insiders own 1.52% of the company’s stock.

Evergy Price Performance

NASDAQ:EVRG opened at $83.42 on Wednesday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.21 and a current ratio of 0.36. The company has a 50-day moving average of $84.81 and a 200-day moving average of $82.74. Evergy Inc. has a 52 week low of $70.42 and a 52 week high of $88.62. The company has a market capitalization of $19.23 billion, a price-to-earnings ratio of 21.17, a PEG ratio of 2.18 and a beta of 0.54.

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

Evergy Dividend Announcement

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

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.