Savant Capital LLC Sells 55,298 Shares of Evergy Inc. $EVRG

Savant Capital LLC trimmed its holdings in Evergy Inc. (NASDAQ:EVRG) by 90.9% in the fourth quarter, HoldingsChannel reports. The fund owned 5,539 shares of the company’s stock after selling 55,298 shares during the period. Savant Capital LLC’s holdings in Evergy were worth $402,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in EVRG. Harbor Capital Advisors Inc. bought a new stake in shares of Evergy in the 4th quarter worth approximately $27,000. Accredited Wealth Management LLC lifted its holdings 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 worth $31,000 after acquiring an additional 380 shares during the last quarter. Sentry Investment Management LLC bought a new stake in shares of Evergy in the 3rd quarter worth approximately $41,000. TOWER TRUST & INVESTMENT Co bought a new stake in shares of Evergy in the 4th quarter worth approximately $42,000. Finally, Elyxium Wealth LLC bought a new stake in shares of Evergy in the 4th quarter worth approximately $43,000. 87.24% of the stock is currently owned by institutional investors.

Evergy Trading Up 1.7%

NASDAQ:EVRG opened at $83.27 on Friday. The company has a fifty day moving average of $82.25 and a 200 day moving average of $78.98. Evergy Inc. has a 52 week low of $64.80 and a 52 week high of $85.27. The company has a quick ratio of 0.24, a current ratio of 0.45 and a debt-to-equity ratio of 1.29. The firm has a market capitalization of $19.19 billion, a P/E ratio of 22.09, a P/E/G ratio of 2.12 and a beta of 0.54.

Evergy (NASDAQ:EVRG) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.06. Evergy had a net margin of 14.63% and a return on equity of 9.09%. The company had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same period in the prior year, the business posted $0.54 EPS. The firm’s revenue was up 5.0% compared to the same quarter last year. Evergy has set its FY 2026 guidance at 4.140-4.340 EPS. On average, research analysts predict that Evergy Inc. will post 4.25 earnings per share for the current year.

Evergy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Friday, May 22nd 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 is Friday, May 22nd. Evergy’s dividend payout ratio is currently 73.74%.

Insider Activity at Evergy

In other Evergy news, SVP Heather A. Humphrey sold 3,650 shares of the company’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $82.61, for a total value of $301,526.50. Following the completion of the transaction, the senior vice president directly owned 44,007 shares in the company, valued at approximately $3,635,418.27. This represents a 7.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sandra Aj Lawrence sold 600 shares of the company’s stock in a transaction 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 of the company’s stock, valued at $55,358.80. This trade represents a 46.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 8,051 shares of company stock worth $663,657 in the last three months. 1.52% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on EVRG shares. Weiss Ratings upgraded shares of Evergy from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 11th. BMO Capital Markets boosted their price objective on shares of Evergy from $82.00 to $87.00 and gave the stock an “outperform” rating in a report on Monday, February 23rd. Barclays boosted their price objective on shares of Evergy from $82.00 to $89.00 and gave the stock an “overweight” rating in a report on Monday, March 9th. UBS Group upped their price target on shares of Evergy from $88.00 to $91.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Finally, Wells Fargo & Company set a $87.00 price target on shares of Evergy in a report on Tuesday, April 21st. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $89.60.

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.