Great Lakes Advisors LLC Makes New $3.43 Million Investment in Evergy Inc. $EVRG

Great Lakes Advisors LLC purchased a new position in Evergy Inc. (NASDAQ:EVRG) in the second quarter, Holdings Channel reports. The institutional investor purchased 39,695 shares of the company’s stock, valued at approximately $3,431,000.

Other hedge funds also recently made changes to their positions in the company. Danske Bank A S purchased a new stake in Evergy during the 2nd quarter worth about $216,000. Oxbow Advisors LLC bought a new position in Evergy in the 2nd quarter worth about $4,188,000. Wealthfront Advisers LLC purchased a new position in Evergy during the 2nd quarter valued at about $13,407,000. Forge Financial Services LLC purchased a new position in Evergy during the 2nd quarter valued at about $209,000. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of Evergy during the second quarter valued at about $84,000. 87.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Sandra Aj Lawrence sold 761 shares of the stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $83.31, for a total value of $63,398.91. Following the transaction, the director owned 1,680 shares of the company’s stock, valued at $139,960.80. This represents a 31.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Charles A. Caisley sold 10,787 shares of the stock in a transaction 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 completion of the transaction, the executive vice president directly owned 37,789 shares in the company, valued at $3,153,869.94. The trade was a 22.21% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 12,748 shares of company stock valued at $1,061,870. Corporate insiders own 1.52% of the company’s stock.

Evergy Stock Performance

NASDAQ:EVRG opened at $83.16 on Friday. The stock has a market cap of $19.17 billion, a P/E ratio of 21.11, a PEG ratio of 2.17 and a beta of 0.54. The company has a quick ratio of 0.21, a current ratio of 0.36 and a debt-to-equity ratio of 1.20. The business’s 50-day moving average price is $84.83 and its two-hundred day moving average price is $82.83. Evergy Inc. has a twelve month low of $70.42 and a twelve month high of $88.62.

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

Evergy Announces Dividend

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 paid a $0.695 dividend. 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 currently 70.56%.

Analyst Ratings Changes

EVRG has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Evergy in a report on Friday, August 7th. UBS Group boosted their price objective on shares of Evergy from $88.00 to $91.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. BTIG Research set a $97.00 target price on shares of Evergy in a report on Thursday, July 23rd. BMO Capital Markets increased their target price 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, Barclays raised their price target on shares of Evergy from $89.00 to $94.00 and gave the company an “overweight” rating in a report on Tuesday, June 30th. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $90.60.

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.