Wedge Capital Management L L P NC Sells 34,799 Shares of Evergy Inc. $EVRG

Wedge Capital Management L L P NC lessened its holdings in shares of Evergy Inc. (NASDAQ:EVRG) by 16.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 175,441 shares of the company’s stock after selling 34,799 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Evergy were worth $15,163,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. MidFirst Bank purchased a new stake in shares of Evergy in the 4th quarter worth $25,000. Prosperity Bancshares Inc purchased a new position in Evergy during the fourth quarter valued at $32,000. Cedar Mountain Advisors LLC purchased a new position in Evergy during the first quarter valued at $40,000. Triumph Capital Management grew its holdings in Evergy by 104.8% during the fourth quarter. Triumph Capital Management now owns 508 shares of the company’s stock valued at $37,000 after purchasing an additional 260 shares during the period. Finally, Transamerica Financial Advisors LLC grew its holdings in Evergy by 163.2% during the fourth quarter. Transamerica Financial Advisors LLC now owns 529 shares of the company’s stock valued at $38,000 after purchasing an additional 328 shares during the period. Institutional investors own 87.24% of the company’s stock.

Evergy Trading Down 0.1%

EVRG stock opened at $82.03 on Wednesday. Evergy Inc. has a 1-year low of $70.42 and a 1-year high of $88.62. 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 company has a market capitalization of $18.91 billion, a price-to-earnings ratio of 20.82, a PEG ratio of 2.13 and a beta of 0.54. The business has a 50 day simple moving average of $84.65 and a two-hundred day simple moving average of $82.48.

Evergy (NASDAQ:EVRG) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 last year, the firm posted $0.82 EPS. Evergy has set its FY 2026 guidance at 4.140-4.340 EPS. Research analysts anticipate that Evergy Inc. will post 4.25 EPS for the current fiscal year.

Evergy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Tuesday, August 18th will be paid a dividend of $0.695 per share. This represents a $2.78 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Tuesday, August 18th. Evergy’s dividend payout ratio (DPR) is presently 70.56%.

Insiders Place Their Bets

In other Evergy news, EVP Charles A. Caisley sold 10,787 shares of the stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $83.46, for a total transaction of $900,283.02. Following the completion of the transaction, the executive vice president owned 37,789 shares of the company’s stock, valued at $3,153,869.94. This represents a 22.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Sandra Aj Lawrence sold 600 shares of Evergy stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $81.41, for a total value of $48,846.00. Following the completion of the sale, the director directly owned 680 shares in the company, 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. Over the last quarter, insiders sold 12,748 shares of company stock worth $1,061,870. 1.52% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on EVRG shares. Wells Fargo & Company set a $87.00 price objective on Evergy in a research report on Tuesday, April 21st. BTIG Research set a $97.00 price objective on shares of Evergy in a research note on Thursday, July 23rd. 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 report on Friday, May 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Evergy in a report on Friday. Finally, BMO Capital Markets increased their price target on Evergy from $88.00 to $92.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 22nd. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $90.60.

Evergy Company Profile

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.