59,709 Shares of Evergy Inc. $EVRG Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Evergy Inc. (NASDAQ:EVRG) in the third quarter, Holdings Channel.com reports. The firm purchased 59,709 shares of the company’s stock, valued at approximately $4,684,000.

Several other institutional investors have also made changes to their positions in EVRG. MidFirst Bank acquired a new stake in shares of Evergy during the 2nd quarter valued at about $30,000. Knuff & Co LLC acquired a new position in Evergy in the second quarter worth approximately $30,000. Burk Holdings LLC acquired a new position in Evergy in the second quarter worth approximately $31,000. Clearstead Trust LLC acquired a new position in Evergy in the second quarter worth approximately $33,000. Finally, Balance Wealth Partners LLC bought a new position in Evergy during the third quarter valued at approximately $31,000. 87.24% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Barclays reduced their target price on shares of Evergy from $92.00 to $86.00 and set an “overweight” rating for the company in a research note on Monday, October 19th. DA Davidson set a $85.00 price target on shares of Evergy in a report on Tuesday, October 13th. BMO Capital Markets reduced their price objective on shares of Evergy from $89.00 to $85.00 and set an “outperform” rating for the company in a research note on Tuesday, October 13th. Citigroup upped their price objective on shares of Evergy from $95.00 to $97.00 and gave the stock a “buy” rating in a report on Friday, July 24th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Evergy in a report on Friday, October 9th. Ten analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.00.

Evergy Stock Up 1.4%

Shares of EVRG stock opened at $87.41 on Friday. The stock’s 50 day simple moving average is $81.67 and its 200 day simple moving average is $82.20. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.21 and a current ratio of 0.36. Evergy Inc. has a twelve month low of $71.40 and a twelve month high of $89.66. The company has a market capitalization of $20.15 billion, a price-to-earnings ratio of 22.19, a PEG ratio of 2.23 and a beta of 0.49.

Evergy (NASDAQ:EVRG) last posted its earnings results on Thursday, November 5th. The company reported $2.58 earnings per share for the quarter, topping the consensus estimate of $2.33 by $0.25. The firm had revenue of $2.10 billion during the quarter, compared to analyst estimates of $1.93 billion. Evergy had a return on equity of 9.20% and a net margin of 15.19%. During the same period in the previous year, the company earned $2.03 EPS. As a group, research analysts predict that Evergy Inc. will post 4.27 EPS for the current year.

Evergy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, November 20th will be paid a $0.7225 dividend. The ex-dividend date is Friday, November 20th. This is a positive change from Evergy’s previous quarterly dividend of $0.6950. This represents a $2.89 dividend on an annualized basis and a dividend yield of 3.3%. Evergy’s dividend payout ratio is presently 70.56%.

Insider Buying and Selling at Evergy

In other news, Director Jonathan Rolph acquired 1,640 shares of Evergy stock in a transaction dated Friday, September 11th. The stock was acquired at an average cost of $81.47 per share, for a total transaction of $133,610.80. Following the completion of the purchase, the director owned 670 shares of the company’s stock, valued at $54,584.90. This represents a -169.07% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.52% of the company’s stock.

Evergy News Summary

Here are the key news stories impacting Evergy this week:

• Positive Sentiment: Q3 results topped estimates: Evergy reported earnings of $2.58 per share, versus the $2.33 consensus, and revenue of $2.10 billion, above expectations of $1.93 billion. Earnings also rose from $2.03 per share a year earlier. Read More.
• Positive Sentiment: 2026 guidance increased: Evergy now expects adjusted EPS of $4.35–$4.50, above the FactSet estimate of $4.29. The company attributed growth to its Kansas Central and Metro businesses. Read More.
• Positive Sentiment: Dividend raised: Evergy declared a quarterly dividend of $0.7225 per share, up 4% from $0.6950, equivalent to $2.89 annually and a reported 3.3% yield.
• Positive Sentiment: Demand and investment outlook: Earnings-call coverage pointed to customer-demand growth and continued investment, adding support to the company’s longer-term growth narrative. Read More.

About Evergy

Evergy, Inc is an investor-owned electric utility that generates, transmits, distributes and sells electricity to residential, commercial, industrial and municipal customers. The company operates regulated utilities in Kansas and Missouri, providing electric service through its Kansas Central, Kansas South, Missouri Metro and Missouri West operations.

Evergy’s generation portfolio includes wind, solar, coal, natural gas and nuclear power. The company also owns an interest in the Wolf Creek Generating Station, a nuclear power plant in Kansas, and continues to invest in renewable energy, grid modernization and other infrastructure intended to support reliable electricity service.

Evergy was formed in 2018 through the merger of Westar Energy and Great Plains Energy, the parent company of Kansas City Power & Light.