Evergy Inc. $EVRG Stock Holdings Boosted by Gotham Asset Management LLC

Gotham Asset Management LLC raised its position in shares of Evergy Inc. (NASDAQ:EVRG) by 21.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 679,078 shares of the company’s stock after buying an additional 118,527 shares during the period. Gotham Asset Management LLC’s holdings in Evergy were worth $49,226,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. bought a new position in Evergy during the 4th quarter valued at $27,000. Accredited Wealth Management LLC boosted its stake in shares of Evergy by 1,310.3% during the 3rd quarter. Accredited Wealth Management LLC now owns 409 shares of the company’s stock worth $31,000 after acquiring an additional 380 shares in the last quarter. Prosperity Bancshares Inc bought a new stake in shares of Evergy during the 4th quarter worth $32,000. Triumph Capital Management boosted its stake in shares of Evergy by 104.8% during the 4th quarter. Triumph Capital Management now owns 508 shares of the company’s stock worth $37,000 after acquiring an additional 260 shares in the last quarter. Finally, Transamerica Financial Advisors LLC boosted its stake in shares of Evergy by 163.2% during the 4th quarter. Transamerica Financial Advisors LLC now owns 529 shares of the company’s stock worth $38,000 after acquiring an additional 328 shares in the last quarter. 87.24% of the stock is owned by institutional investors.

Evergy Stock Performance

Shares of Evergy stock opened at $82.85 on Thursday. The stock has a market cap of $19.10 billion, a PE ratio of 21.98, a price-to-earnings-growth ratio of 2.18 and a beta of 0.54. The business has a fifty day simple moving average of $82.42 and a 200-day simple moving average of $79.36. 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 12 month low of $66.19 and a 12 month high of $85.27.

Evergy (NASDAQ:EVRG) last issued its earnings results on Thursday, May 7th. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.63 by $0.06. The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Evergy had a return on equity of 9.09% and a net margin of 14.63%.Evergy’s revenue was up 5.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.54 earnings per share. Evergy has set its FY 2026 guidance at 4.140-4.340 EPS. On average, sell-side analysts anticipate that Evergy Inc. will post 4.25 EPS for the current fiscal year.

Evergy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, May 22nd will be given a $0.695 dividend. This represents a $2.78 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, May 22nd. Evergy’s dividend payout ratio (DPR) is 73.74%.

Insider Buying and Selling at Evergy

In other news, Director Sandra Aj Lawrence sold 600 shares of the firm’s stock in a transaction on 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 owned 680 shares of the company’s stock, valued at $55,358.80. This trade represents a 46.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Charles A. Caisley sold 10,787 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $83.46, for a total value of $900,283.02. Following the completion of the sale, the executive vice president directly owned 37,789 shares of the company’s stock, valued at approximately $3,153,869.94. This trade represents a 22.21% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 12,748 shares of company stock valued at $1,061,870. 1.52% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

EVRG has been the subject of several research reports. Weiss Ratings raised Evergy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 11th. Mizuho set a $82.00 price objective on Evergy in a research note on Monday, February 23rd. Barclays raised their price objective on Evergy from $82.00 to $89.00 and gave the stock an “overweight” rating in a research note on Monday, March 9th. BTIG Research initiated coverage on Evergy in a research note on Thursday, April 9th. They set a “buy” rating and a $99.00 price objective for the company. Finally, UBS Group raised their price objective on Evergy from $88.00 to $91.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently 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.