GW Henssler & Associates Ltd. Trims Stake in Evergy Inc. $EVRG

GW Henssler & Associates Ltd. lowered its holdings in Evergy Inc. (NASDAQ:EVRG) by 1.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 380,385 shares of the company’s stock after selling 7,155 shares during the quarter. Evergy accounts for 1.3% of GW Henssler & Associates Ltd.’s holdings, making the stock its 18th largest holding. GW Henssler & Associates Ltd. owned 0.17% of Evergy worth $27,574,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BW Gestao de Investimentos Ltda. purchased a new stake in shares of Evergy in the 4th quarter valued at $15,960,000. New Mexico Educational Retirement Board raised its holdings in shares of Evergy by 2.9% in the 4th quarter. New Mexico Educational Retirement Board now owns 10,650 shares of the company’s stock valued at $772,000 after buying an additional 300 shares during the period. MUFG Securities EMEA plc raised its holdings in shares of Evergy by 114.4% in the 4th quarter. MUFG Securities EMEA plc now owns 9,446 shares of the company’s stock valued at $685,000 after buying an additional 5,041 shares during the period. Edgemoor Investment Advisors Inc. raised its holdings in shares of Evergy by 2.8% in the 4th quarter. Edgemoor Investment Advisors Inc. now owns 90,591 shares of the company’s stock valued at $6,567,000 after buying an additional 2,452 shares during the period. Finally, Eurizon Capital SGR S.p.A. purchased a new stake in shares of Evergy in the 4th quarter valued at $6,086,000. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Analysts Set New Price Targets

EVRG has been the topic of several research analyst reports. Citigroup boosted their price objective on 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 objective on Evergy in a report on Monday, February 23rd. Wall Street Zen upgraded Evergy from a “sell” rating to a “hold” rating in a report on Saturday, February 21st. Wells Fargo & Company set a $87.00 price objective on Evergy in a report on Tuesday, April 21st. Finally, Bank of America cut their price objective on Evergy from $89.00 to $88.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. Eight equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Evergy has an average rating of “Moderate Buy” and an average target price of $89.60.

Evergy Trading Down 2.0%

EVRG opened at $80.39 on Tuesday. Evergy Inc. has a 12 month low of $64.70 and a 12 month high of $85.27. The stock has a market capitalization of $18.53 billion, a price-to-earnings ratio of 21.32, a PEG ratio of 2.13 and a beta of 0.56. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.45 and a quick ratio of 0.24. The business has a fifty day moving average price of $82.06 and a 200 day moving average price of $78.85.

Evergy (NASDAQ:EVRG) last released its earnings results on Thursday, May 7th. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.63 by $0.06. Evergy had a return on equity of 9.09% and a net margin of 14.63%.The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same period in the previous year, the firm posted $0.54 EPS. Evergy’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. Sell-side analysts expect that Evergy Inc. will post 4.25 earnings per share for the current fiscal year.

Evergy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, May 22nd will be given a dividend of $0.695 per share. This represents a $2.78 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Friday, May 22nd. Evergy’s dividend payout ratio is currently 73.74%.

Insider Transactions at Evergy

In other news, Director Sandra Aj Lawrence sold 761 shares of the company’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $83.31, for a total transaction of $63,398.91. Following the completion of the transaction, the director directly owned 1,680 shares of the company’s stock, valued at approximately $139,960.80. This represents a 31.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Heather A. Humphrey sold 3,650 shares of the company’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $82.61, for a total value of $301,526.50. Following the transaction, the senior vice president directly owned 44,007 shares of the company’s stock, valued at approximately $3,635,418.27. This represents a 7.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 7,251 shares of company stock valued at $598,285. 1.52% of the stock is currently owned by corporate insiders.

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.