BI Asset Management Fondsmaeglerselskab A S Boosts Holdings in Evergy Inc. $EVRG

BI Asset Management Fondsmaeglerselskab A S boosted its position in shares of Evergy Inc. (NASDAQ:EVRG) by 61.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,157 shares of the company’s stock after buying an additional 9,605 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Evergy were worth $1,823,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its stake in Evergy by 0.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 24,981 shares of the company’s stock worth $1,826,000 after buying an additional 140 shares during the period. Moneta Group Investment Advisors LLC boosted its stake in Evergy by 0.3% during the third quarter. Moneta Group Investment Advisors LLC now owns 46,972 shares of the company’s stock worth $3,571,000 after buying an additional 145 shares during the period. Cary Street Partners Investment Advisory LLC boosted its stake in Evergy by 17.7% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 979 shares of the company’s stock worth $74,000 after buying an additional 147 shares during the period. Modern Wealth Management LLC boosted its stake in Evergy by 1.9% during the third quarter. Modern Wealth Management LLC now owns 7,926 shares of the company’s stock worth $603,000 after buying an additional 148 shares during the period. Finally, Composition Wealth LLC boosted its stake in Evergy by 3.9% during the fourth quarter. Composition Wealth LLC now owns 3,920 shares of the company’s stock worth $284,000 after buying an additional 148 shares during the period. 87.24% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Evergy

In related news, SVP Charles L. King sold 2,440 shares of the stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $82.19, for a total value of $200,543.60. Following the transaction, the senior vice president owned 18,359 shares in the company, valued at approximately $1,508,926.21. This represents a 11.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sandra Aj Lawrence sold 761 shares of the stock in a transaction that occurred on 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 owned 1,680 shares in the company, valued at approximately $139,960.80. This trade represents a 31.18% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 4,401 shares of company stock worth $362,131. 1.52% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on EVRG shares. BTIG Research started coverage on shares of Evergy in a research note on Thursday, April 9th. They set a “buy” rating and a $99.00 price objective for the company. UBS Group lifted their price objective on shares of Evergy from $88.00 to $91.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Barclays lifted their price objective on shares of Evergy from $82.00 to $89.00 and gave the stock an “overweight” rating in a research note on Monday, March 9th. Wells Fargo & Company set a $87.00 price objective on shares of Evergy in a research note on Tuesday, April 21st. Finally, BMO Capital Markets lifted their price objective on shares of Evergy from $82.00 to $87.00 and gave the stock an “outperform” rating in a research note on Monday, February 23rd. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Evergy has an average rating of “Moderate Buy” and a consensus target price of $89.60.

Evergy Stock Up 0.7%

NASDAQ:EVRG opened at $82.27 on Wednesday. Evergy Inc. has a 1-year low of $66.19 and a 1-year high of $85.27. The company has a 50-day moving average of $82.31 and a 200 day moving average of $79.08. The firm has a market cap of $18.96 billion, a PE ratio of 21.82, a price-to-earnings-growth ratio of 2.12 and a beta of 0.54. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.45 and a quick ratio of 0.24.

Evergy (NASDAQ:EVRG) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.69 earnings per share for the quarter, topping 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 firm earned $0.54 earnings per share. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. Evergy has set its FY 2026 guidance at 4.140-4.340 EPS. As a group, research analysts anticipate that Evergy Inc. will post 4.25 EPS for the current fiscal year.

Evergy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders 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 3.4%. The ex-dividend date of this dividend is Friday, May 22nd. Evergy’s dividend payout ratio is presently 73.74%.

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.