Dockside LLC Invests $3.13 Million in Evergy Inc. $EVRG

Dockside LLC acquired a new position in shares of Evergy Inc. (NASDAQ:EVRG) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 43,210 shares of the company’s stock, valued at approximately $3,132,000.

Other hedge funds also recently modified their holdings of the company. Caprock Group LLC bought a new stake in shares of Evergy during the third quarter valued at approximately $1,482,000. ANTIPODES PARTNERS Ltd bought a new stake in shares of Evergy during the third quarter valued at approximately $72,860,000. Orion Porfolio Solutions LLC grew its stake in shares of Evergy by 32.5% during the third quarter. Orion Porfolio Solutions LLC now owns 83,233 shares of the company’s stock valued at $6,327,000 after purchasing an additional 20,395 shares during the last quarter. Goelzer Investment Management Inc. bought a new stake in shares of Evergy during the fourth quarter valued at approximately $1,073,000. Finally, Cullen Frost Bankers Inc. grew its stake in shares of Evergy by 4.9% during the fourth quarter. Cullen Frost Bankers Inc. now owns 316,511 shares of the company’s stock valued at $22,944,000 after purchasing an additional 14,907 shares during the last quarter. Institutional investors and hedge funds own 87.24% of the company’s stock.

Evergy Trading Up 1.3%

Shares of NASDAQ EVRG opened at $83.85 on Friday. The company’s fifty day moving average is $82.38 and its 200-day moving average is $79.21. The stock has a market cap of $19.33 billion, a price-to-earnings ratio of 22.24, a P/E/G ratio of 2.18 and a beta of 0.54. Evergy Inc. has a twelve month low of $66.19 and a twelve month high of $85.27. 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 (NASDAQ:EVRG) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.06. Evergy had a net margin of 14.63% and a return on equity of 9.09%. The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same period last year, the business posted $0.54 earnings per share. The firm’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. Equities research analysts predict that Evergy Inc. will post 4.25 EPS for the current year.

Evergy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Friday, May 22nd will be issued 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 Friday, May 22nd. Evergy’s dividend payout ratio (DPR) is presently 73.74%.

Insider Transactions at Evergy

In other Evergy news, Director Sandra Aj Lawrence sold 600 shares of Evergy stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $81.41, for a total value of $48,846.00. Following the sale, the director directly owned 680 shares in the company, valued at approximately $55,358.80. The trade was a 46.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last quarter, insiders have sold 1,961 shares of company stock valued at $161,587. 1.52% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on EVRG. Barclays increased their price target on shares of Evergy from $82.00 to $89.00 and gave the company an “overweight” rating in a research note on Monday, March 9th. Citigroup increased their price target on shares of Evergy from $89.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, February 20th. Wall Street Zen raised shares of Evergy from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. Mizuho set a $82.00 price target on shares of Evergy in a research note on Monday, February 23rd. Finally, Bank of America decreased their price target on shares of Evergy from $89.00 to $88.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average 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.