7,814 Shares in Evergy Inc. $EVRG Purchased by Callan Family Office LLC

Callan Family Office LLC acquired a new stake in Evergy Inc. (NASDAQ:EVRG) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 7,814 shares of the company’s stock, valued at approximately $675,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. MidFirst Bank bought a new stake in shares of Evergy during the fourth quarter valued at approximately $25,000. Knuff & Co LLC acquired a new stake in Evergy in the 2nd quarter valued at approximately $30,000. Prosperity Bancshares Inc bought a new stake in Evergy during the 4th quarter valued at $32,000. Clearstead Trust LLC bought a new stake in Evergy during the 2nd quarter valued at $33,000. Finally, Triumph Capital Management boosted its position in Evergy by 104.8% during the 4th quarter. Triumph Capital Management now owns 508 shares of the company’s stock worth $37,000 after acquiring an additional 260 shares during the period. 87.24% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Evergy

In related news, Director Sandra Aj Lawrence sold 600 shares of Evergy stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $81.41, for a total value of $48,846.00. Following the transaction, the director directly owned 680 shares in the company, valued at $55,358.80. The trade was a 46.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Charles A. Caisley sold 10,787 shares of the company’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 sale, the executive vice president directly owned 37,789 shares of the company’s stock, valued at approximately $3,153,869.94. This represents a 22.21% decrease in their ownership of the stock. 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. Over the last three months, insiders have sold 12,748 shares of company stock valued at $1,061,870. Corporate insiders own 1.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on EVRG shares. BTIG Research set a $97.00 price target on Evergy in a report on Thursday, July 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Evergy in a research report on Friday, August 7th. Citigroup raised their target price on shares of Evergy from $95.00 to $97.00 and gave the company a “buy” rating in a research note on Friday, July 24th. UBS Group raised 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. Finally, Barclays boosted their target price on Evergy from $89.00 to $94.00 and gave the stock an “overweight” rating in a report on Tuesday, June 30th. 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 data from MarketBeat.com, Evergy presently has a consensus rating of “Moderate Buy” and an average target price of $90.60.

Evergy Stock Performance

Shares of EVRG opened at $81.41 on Wednesday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.36 and a quick ratio of 0.21. The firm’s 50 day moving average is $84.68 and its 200-day moving average is $82.92. Evergy Inc. has a 12-month low of $70.42 and a 12-month high of $88.62. The stock has a market capitalization of $18.77 billion, a P/E ratio of 20.66, a P/E/G ratio of 2.11 and a beta of 0.54.

Evergy (NASDAQ:EVRG) last released its earnings results on Wednesday, August 5th. The company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.81 by $0.07. The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.36 billion. Evergy had a net margin of 15.19% and a return on equity of 9.20%. During the same period in the prior year, the business earned $0.82 earnings per share. Equities research analysts anticipate that Evergy Inc. will post 4.25 EPS for the current fiscal year.

Evergy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Tuesday, August 18th will be given a dividend of $0.695 per share. This represents a $2.78 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Tuesday, August 18th. Evergy’s dividend payout ratio is 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.