Simplicity Wealth LLC Purchases New Position in Evergy Inc. $EVRG

Simplicity Wealth LLC acquired a new position in shares of Evergy Inc. (NASDAQ:EVRG) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 6,285 shares of the company’s stock, valued at approximately $543,000.

Several other hedge funds and other institutional investors have also bought and sold shares of EVRG. MidFirst Bank acquired a new stake in Evergy in the fourth quarter worth $25,000. Prosperity Bancshares Inc bought a new position in shares of Evergy during the fourth quarter worth $32,000. Clearstead Trust LLC acquired a new position in shares of Evergy in the 2nd quarter valued at $33,000. Triumph Capital Management grew its holdings in shares of Evergy by 104.8% in the 4th quarter. Triumph Capital Management now owns 508 shares of the company’s stock valued at $37,000 after buying an additional 260 shares during the period. Finally, Transamerica Financial Advisors LLC increased its position in shares of Evergy by 163.2% in the 4th quarter. Transamerica Financial Advisors LLC now owns 529 shares of the company’s stock valued at $38,000 after buying an additional 328 shares in the last quarter. Institutional investors own 87.24% of the company’s stock.

Insider Activity

In related news, EVP Charles A. Caisley sold 10,787 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $83.46, for a total transaction of $900,283.02. Following the completion of the transaction, the executive vice president directly owned 37,789 shares of the company’s stock, valued at approximately $3,153,869.94. This represents a 22.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 the firm’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $83.31, for a total value of $63,398.91. Following the completion of the transaction, the director owned 1,680 shares of the company’s stock, valued at approximately $139,960.80. This represents a 31.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 12,748 shares of company stock valued at $1,061,870 in the last 90 days. 1.52% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

EVRG has been the topic of several research analyst reports. Barclays raised their price objective on Evergy from $89.00 to $94.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 30th. BMO Capital Markets boosted their target price on Evergy from $88.00 to $92.00 and gave the company an “outperform” rating in a research note on Wednesday, July 22nd. BTIG Research set a $97.00 price target on Evergy in a report on Thursday, July 23rd. Wells Fargo & Company set a $87.00 price target on Evergy in a research report on Tuesday, April 21st. Finally, Citigroup lifted their price objective on Evergy from $95.00 to $97.00 and gave the company a “buy” rating in a report on Friday, July 24th. Eight investment 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 presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.60.

Evergy Stock Performance

Shares of EVRG stock opened at $83.93 on Tuesday. The company’s fifty day simple moving average is $84.78 and its 200-day simple moving average is $82.69. The company has a quick ratio of 0.21, a current ratio of 0.36 and a debt-to-equity ratio of 1.20. The firm has a market cap of $19.35 billion, a PE ratio of 21.30, a P/E/G ratio of 2.18 and a beta of 0.54. Evergy Inc. has a 12 month low of $70.42 and a 12 month high of $88.62.

Evergy (NASDAQ:EVRG) last announced its earnings results on Thursday, August 6th. The company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.81 by $0.07. Evergy had a net margin of 15.19% and a return on equity of 9.20%. The business had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter in the prior year, the company posted $0.82 earnings per share. Evergy has set its FY 2026 guidance at 4.140-4.340 EPS. Equities research analysts expect that Evergy Inc. will post 4.25 EPS for the current fiscal year.

Evergy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Tuesday, August 18th will be paid a dividend of $0.695 per share. This represents a $2.78 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Tuesday, August 18th. Evergy’s dividend payout ratio is currently 70.56%.

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.