Aigen Investment Management LP Makes New Investment in Evergy Inc. $EVRG

Aigen Investment Management LP acquired a new position in shares of Evergy Inc. (NASDAQ:EVRG) during the 4th quarter, Holdings Channel.com reports. The firm acquired 7,671 shares of the company’s stock, valued at approximately $556,000.

Several other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC increased its holdings in Evergy by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 6,447,150 shares of the company’s stock worth $465,684,000 after purchasing an additional 105,842 shares during the period. Franklin Resources Inc. increased its holdings in Evergy by 0.6% during the 4th quarter. Franklin Resources Inc. now owns 6,091,518 shares of the company’s stock worth $441,574,000 after purchasing an additional 33,457 shares during the period. Federated Hermes Inc. increased its holdings in Evergy by 1.6% during the 4th quarter. Federated Hermes Inc. now owns 3,760,548 shares of the company’s stock worth $272,602,000 after purchasing an additional 57,814 shares during the period. Northern Trust Corp increased its holdings in Evergy by 10.6% during the 3rd quarter. Northern Trust Corp now owns 2,760,494 shares of the company’s stock worth $209,853,000 after purchasing an additional 263,619 shares during the period. Finally, Magellan Asset Management Ltd increased its holdings in shares of Evergy by 3.4% in the 3rd quarter. Magellan Asset Management Ltd now owns 2,444,381 shares of the company’s stock valued at $185,822,000 after acquiring an additional 79,888 shares during the period. 87.24% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Sandra Aj Lawrence sold 761 shares of the business’s stock in a transaction 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 transaction, the director directly owned 1,680 shares in the company, valued at $139,960.80. The trade was a 31.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last quarter, insiders sold 1,961 shares of company stock worth $161,587. 1.52% of the stock is owned by insiders.

Evergy Trading Down 0.5%

Shares of NASDAQ:EVRG opened at $83.44 on Tuesday. Evergy Inc. has a 12-month low of $66.19 and a 12-month high of $85.27. The business’s fifty day simple moving average is $82.39 and its 200-day simple moving average is $79.27. The company has a market capitalization of $19.23 billion, a PE ratio of 22.13, a P/E/G ratio of 2.18 and a beta of 0.55. The company has a current ratio of 0.45, a quick ratio of 0.24 and a debt-to-equity ratio of 1.29.

Evergy (NASDAQ:EVRG) last announced its earnings results on Thursday, May 7th. The company reported $0.69 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $1.27 billion. During the same period in the previous year, the business earned $0.54 EPS. The firm’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. As a group, equities research analysts predict that Evergy Inc. will post 4.25 earnings per share for the current fiscal year.

Evergy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Friday, May 22nd will be paid a dividend of $0.695 per share. This represents a $2.78 annualized dividend and a yield of 3.3%. The ex-dividend date is Friday, May 22nd. Evergy’s payout ratio is 73.74%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on EVRG shares. BMO Capital Markets lifted their price target on Evergy from $82.00 to $87.00 and gave the company an “outperform” rating in a report on Monday, February 23rd. Wells Fargo & Company set a $87.00 price target on Evergy in a report on Tuesday, April 21st. Mizuho set a $82.00 price target on Evergy in a report on Monday, February 23rd. Barclays lifted their price target on Evergy from $82.00 to $89.00 and gave the company an “overweight” rating in a report on Monday, March 9th. Finally, UBS Group lifted their price target on Evergy from $88.00 to $91.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.