SG Americas Securities LLC Acquires 74,074 Shares of Evergy Inc. $EVRG

SG Americas Securities LLC boosted its holdings in shares of Evergy Inc. (NASDAQ:EVRG) by 75.8% during the first quarter, Holdings Channel.com reports. The firm owned 171,773 shares of the company’s stock after acquiring an additional 74,074 shares during the period. SG Americas Securities LLC’s holdings in Evergy were worth $14,072,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the business. MidFirst Bank bought a new stake in shares of Evergy in the 4th quarter worth about $25,000. Harbor Capital Advisors Inc. bought a new position in shares of Evergy in the 4th quarter valued at about $27,000. Accredited Wealth Management LLC grew its position in Evergy by 1,310.3% in the third 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 purchased a new position in Evergy in the fourth quarter worth about $32,000. Finally, Triumph Capital Management increased its stake in Evergy by 104.8% during the fourth quarter. Triumph Capital Management now owns 508 shares of the company’s stock worth $37,000 after acquiring an additional 260 shares during the last quarter. Institutional investors own 87.24% of the company’s stock.

Evergy Price Performance

Shares of EVRG stock opened at $87.23 on Friday. Evergy Inc. has a twelve month low of $67.30 and a twelve month high of $87.57. The company has a current ratio of 0.45, a quick ratio of 0.24 and a debt-to-equity ratio of 1.29. The stock has a fifty day simple moving average of $82.67 and a two-hundred day simple moving average of $79.81. The stock has a market capitalization of $20.11 billion, a price-to-earnings ratio of 23.14, a P/E/G ratio of 2.25 and a beta of 0.54.

Evergy (NASDAQ:EVRG) last announced 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. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.27 billion. Evergy had a return on equity of 9.09% and a net margin of 14.63%.The business’s revenue for the quarter was up 5.0% on a year-over-year basis. 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, analysts predict 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 was paid on Thursday, June 18th. Shareholders of record on Friday, May 22nd were given a dividend of $0.695 per share. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $2.78 dividend on an annualized basis and a yield of 3.2%. Evergy’s dividend payout ratio (DPR) is 73.74%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on EVRG. Bank of America decreased their price objective on Evergy from $89.00 to $88.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. Weiss Ratings upgraded Evergy from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 11th. UBS Group boosted their target price on Evergy from $88.00 to $91.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Barclays increased 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, BTIG Research began coverage on Evergy in a research report on Thursday, April 9th. They issued a “buy” rating and a $99.00 price target for the company. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $89.60.

Insider Transactions at Evergy

In other news, EVP Charles A. Caisley sold 10,787 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $83.46, for a total transaction of $900,283.02. Following the transaction, the executive vice president directly owned 37,789 shares in the company, valued at approximately $3,153,869.94. This trade represents a 22.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Sandra Aj Lawrence sold 761 shares of Evergy stock in a transaction that occurred on Thursday, May 28th. The shares were 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 approximately $139,960.80. The trade was a 31.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 12,748 shares of company stock worth $1,061,870 in the last three months. Insiders own 1.52% of the company’s stock.

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.