Insider Selling: Evergy (NASDAQ:EVRG) Director Sells $32,816.00 in Stock

Evergy Inc. (NASDAQ:EVRG) Director Sandra Aj Lawrence sold 400 shares of Evergy stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $82.04, for a total transaction of $32,816.00. Following the sale, the director directly owned 1,280 shares of the company’s stock, valued at $105,011.20. The trade was a 23.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Sandra Aj Lawrence also recently made the following trade(s):

• On Thursday, May 28th, Sandra Aj Lawrence sold 761 shares of Evergy stock. The stock was sold at an average price of $83.31, for a total transaction of $63,398.91.

Evergy Stock Performance

Shares of EVRG stock opened at $81.07 on Thursday. The company has a market capitalization of $18.69 billion, a price-to-earnings ratio of 21.50, a PEG ratio of 2.11 and a beta of 0.54. 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 company has a 50-day simple moving average of $82.15 and a 200 day simple moving average of $78.92. Evergy Inc. has a 52 week low of $64.70 and a 52 week high of $85.27.

Evergy (NASDAQ:EVRG) last announced 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. The business 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%. Evergy’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.54 EPS. Evergy has set its FY 2026 guidance at 4.140-4.340 EPS. On average, sell-side analysts predict that Evergy Inc. will post 4.25 earnings per share for the current year.

Evergy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Friday, May 22nd will be issued a $0.695 dividend. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $2.78 dividend on an annualized basis and a yield of 3.4%. Evergy’s payout ratio is currently 73.74%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on EVRG shares. Wall Street Zen raised shares of 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 shares of Evergy in a report on Tuesday, April 21st. 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 report on Friday, May 8th. Bank of America cut their price objective on shares of Evergy from $89.00 to $88.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Finally, Barclays boosted their price objective on shares of Evergy from $82.00 to $89.00 and gave the company an “overweight” rating in a report on Monday, March 9th. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $89.60.

Hedge Funds Weigh In On Evergy

Hedge funds and other institutional investors have recently made changes to their positions in the company. MidFirst Bank acquired a new position in shares of Evergy in the 4th quarter valued at approximately $25,000. Harbor Capital Advisors Inc. acquired a new position in shares of Evergy in the 4th quarter valued at approximately $27,000. Accredited Wealth Management LLC raised its position in shares of Evergy by 1,310.3% in the 3rd quarter. Accredited Wealth Management LLC now owns 409 shares of the company’s stock valued at $31,000 after buying an additional 380 shares in the last quarter. Prosperity Bancshares Inc acquired a new position in shares of Evergy in the 4th quarter valued at approximately $32,000. Finally, Triumph Capital Management raised 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 valued at $37,000 after buying an additional 260 shares in the last quarter. 87.24% of the stock is currently owned by institutional investors and hedge funds.

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.