Evergy (NASDAQ:EVRG) Director Sells $63,398.91 in Stock

Evergy Inc. (NASDAQ:EVRG) Director Sandra Aj Lawrence sold 761 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $83.31, for a total value of $63,398.91. Following the transaction, the director directly owned 1,680 shares of the company’s stock, valued at approximately $139,960.80. The trade was a 31.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Sandra Aj Lawrence also recently made the following trade(s):

• On Friday, May 29th, Sandra Aj Lawrence sold 400 shares of Evergy stock. The shares were sold at an average price of $82.04, for a total value of $32,816.00.

Evergy Price Performance

EVRG traded down $1.65 on Monday, reaching $80.39. 2,195,545 shares of the company’s stock were exchanged, compared to its average volume of 2,063,931. The stock has a market cap of $18.53 billion, a PE ratio of 21.32, a P/E/G ratio of 2.13 and a beta of 0.55. The stock’s fifty day moving average price is $82.08 and its 200-day moving average price is $78.83. Evergy Inc. has a twelve month low of $64.70 and a twelve month high of $85.27. 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 posted 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 firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter last year, the firm earned $0.54 earnings per share. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. Evergy has set its FY 2026 guidance at 4.140-4.340 EPS. Sell-side analysts expect that Evergy Inc. will post 4.25 EPS for the current year.

Evergy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Friday, May 22nd will be issued a $0.695 dividend. The ex-dividend date is Friday, May 22nd. This represents a $2.78 dividend on an annualized basis and a yield of 3.5%. Evergy’s dividend payout ratio is currently 73.74%.

Institutional Trading of Evergy

Several hedge funds have recently modified their holdings of EVRG. MidFirst Bank purchased a new position in Evergy in the fourth quarter valued at $25,000. Harbor Capital Advisors Inc. purchased a new position in shares of Evergy in the 4th quarter valued at approximately $27,000. Accredited Wealth Management LLC increased its stake in Evergy by 1,310.3% in the 3rd quarter. Accredited Wealth Management LLC now owns 409 shares of the company’s stock valued at $31,000 after buying an additional 380 shares during the period. Prosperity Bancshares Inc acquired a new position in shares of Evergy during the fourth quarter worth about $32,000. Finally, Cedar Mountain Advisors LLC purchased a new position in shares of Evergy during the 1st quarter worth approximately $40,000. 87.24% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Wall Street Zen upgraded Evergy from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. Wells Fargo & Company set a $87.00 price objective on Evergy in a research report on Tuesday, April 21st. UBS Group boosted their price objective on shares of Evergy from $88.00 to $91.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Citigroup lifted their price target on shares of Evergy from $89.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, February 20th. Finally, Mizuho set a $82.00 price objective on shares of Evergy in a research report on Monday, February 23rd. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Evergy has an average rating of “Moderate Buy” and an average price target 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.