Evergy (NASDAQ:EVRG) Sets New 52-Week High – Should You Buy?

Evergy Inc. (NASDAQ:EVRG) reached a new 52-week high during trading on Wednesday . The company traded as high as $85.63 and last traded at $85.3320, with a volume of 93052 shares traded. The stock had previously closed at $84.84.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Bank of America cut their price objective on Evergy from $89.00 to $88.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Weiss Ratings raised Evergy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 11th. UBS Group upped their target price on Evergy from $88.00 to $91.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Barclays lifted their price target on Evergy from $82.00 to $89.00 and gave the stock an “overweight” rating in a research note on Monday, March 9th. Finally, Wells Fargo & Company set a $87.00 price objective on Evergy in a report on Tuesday, April 21st. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Evergy presently has a consensus rating of “Moderate Buy” and a consensus price target of $89.60.

Evergy Stock Performance

The company has a current ratio of 0.45, a quick ratio of 0.24 and a debt-to-equity ratio of 1.29. The firm has a market cap of $19.98 billion, a price-to-earnings ratio of 22.99, a price-to-earnings-growth ratio of 2.23 and a beta of 0.54. The stock has a fifty day moving average price of $82.56 and a 200 day moving average price of $79.76.

Evergy (NASDAQ:EVRG) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.69 EPS for the quarter, beating 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 company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter last year, the company posted $0.54 earnings per share. The company’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, analysts predict that Evergy Inc. will post 4.25 earnings per share for the current year.

Evergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Friday, May 22nd were issued a dividend of $0.695 per share. The ex-dividend date was Friday, May 22nd. This represents a $2.78 annualized dividend and a dividend yield of 3.2%. Evergy’s payout ratio is presently 73.74%.

Insider Activity

In other Evergy news, Director Sandra Aj Lawrence sold 761 shares of the business’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $83.31, for a total value of $63,398.91. Following the sale, the director owned 1,680 shares of the company’s stock, valued at $139,960.80. The trade was a 31.18% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Charles A. Caisley sold 10,787 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $83.46, for a total transaction of $900,283.02. Following the transaction, the executive vice president owned 37,789 shares of the company’s stock, valued at approximately $3,153,869.94. This represents a 22.21% decrease in their position. 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. Insiders have sold 12,748 shares of company stock worth $1,061,870 over the last 90 days. Corporate insiders own 1.52% of the company’s stock.

Institutional Trading of Evergy

Several hedge funds have recently modified their holdings of EVRG. Adage Capital Partners GP L.L.C. boosted its holdings in Evergy by 476.6% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 1,207,882 shares of the company’s stock worth $87,559,000 after buying an additional 998,400 shares during the last quarter. Freestone Grove Partners LP boosted its position in shares of Evergy by 321.1% during the fourth quarter. Freestone Grove Partners LP now owns 854,739 shares of the company’s stock worth $61,960,000 after buying an additional 651,738 shares during the period. Renaissance Technologies LLC boosted its position in shares of Evergy by 122.4% during the fourth quarter. Renaissance Technologies LLC now owns 811,202 shares of the company’s stock worth $58,804,000 after buying an additional 446,400 shares during the period. BROOKFIELD Corp ON bought a new position in shares of Evergy during the second quarter worth about $29,644,000. Finally, Zimmer Partners LP grew its holdings in shares of Evergy by 147.8% during the fourth quarter. Zimmer Partners LP now owns 137,500 shares of the company’s stock worth $9,967,000 after buying an additional 425,000 shares in the last quarter. 87.24% of the stock is owned by institutional investors.

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.