Insider Selling: Evergy (NASDAQ:EVRG) Director Sells 400 Shares of Stock

Evergy Inc. (NASDAQ:EVRG) Director Sandra Aj Lawrence sold 400 shares of the company’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $82.04, for a total transaction of $32,816.00. Following the transaction, the director owned 1,280 shares in the company, valued at $105,011.20. This represents a 23.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Thursday, May 28th, Sandra Aj Lawrence sold 761 shares of Evergy stock. The stock was sold at an average price of $83.31, for a total value of $63,398.91.

Evergy Stock Down 2.0%

NASDAQ:EVRG traded down $1.65 on Monday, hitting $80.39. The stock had a trading volume of 2,195,545 shares, compared to its average volume of 2,063,931. The company has a quick ratio of 0.24, a current ratio of 0.45 and a debt-to-equity ratio of 1.29. Evergy Inc. has a 52 week low of $64.70 and a 52 week high of $85.27. The business’s fifty day moving average is $82.08 and its 200 day moving average is $78.83. The company 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.

Evergy (NASDAQ:EVRG) last released its quarterly earnings data 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 the consensus estimate of $1.27 billion. During the same quarter in the previous year, the company posted $0.54 earnings per share. The company’s quarterly revenue was up 5.0% on a year-over-year basis. Evergy has set its FY 2026 guidance at 4.140-4.340 EPS. On average, equities research analysts expect that Evergy Inc. will post 4.25 EPS for the current fiscal year.

Evergy Announces Dividend

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

Analyst Ratings Changes

EVRG has been the subject of a number of analyst reports. UBS Group lifted 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. Wells Fargo & Company set a $87.00 price target on shares of Evergy in a research report on Tuesday, April 21st. Barclays lifted their price target on Evergy from $82.00 to $89.00 and gave the company an “overweight” rating in a research note on Monday, March 9th. BTIG Research began coverage on Evergy in a report on Thursday, April 9th. They set a “buy” rating and a $99.00 price objective for the company. Finally, Mizuho set a $82.00 target price on Evergy in a report on Monday, February 23rd. Eight investment 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, Evergy has an average rating of “Moderate Buy” and an average price target of $89.60.

Institutional Investors Weigh In On Evergy

A number of institutional investors have recently added to or reduced their stakes in the company. Brighton Jones LLC purchased a new position in shares of Evergy in the 4th quarter worth approximately $257,000. United Services Automobile Association bought a new stake in Evergy during the first quarter worth $223,000. Empowered Funds LLC lifted its holdings in Evergy by 19.5% during the first quarter. Empowered Funds LLC now owns 4,648 shares of the company’s stock worth $320,000 after acquiring an additional 758 shares during the period. Woodline Partners LP boosted its position in Evergy by 40.7% in the first quarter. Woodline Partners LP now owns 19,429 shares of the company’s stock worth $1,340,000 after purchasing an additional 5,618 shares during the last quarter. Finally, Focus Partners Wealth boosted its position in Evergy by 7.3% in the first quarter. Focus Partners Wealth now owns 13,791 shares of the company’s stock worth $951,000 after purchasing an additional 939 shares during the last quarter. 87.24% of the stock is owned by institutional investors.

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.