Corient Private Wealth LLC Increases Stock Position in Evergy Inc. $EVRG

Corient Private Wealth LLC boosted its holdings in Evergy Inc. (NASDAQ:EVRG) by 11.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,487 shares of the company’s stock after acquiring an additional 6,455 shares during the quarter. Corient Private Wealth LLC’s holdings in Evergy were worth $4,458,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Brighton Jones LLC purchased a new position in Evergy in the 4th quarter worth about $257,000. United Services Automobile Association purchased a new stake in shares of Evergy during the 1st quarter valued at about $223,000. Empowered Funds LLC grew its stake in shares of Evergy by 19.5% in 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 grew its stake in shares of 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 acquiring an additional 5,618 shares during the period. Finally, Focus Partners Wealth raised its holdings in shares of Evergy by 7.3% during the first quarter. Focus Partners Wealth now owns 13,791 shares of the company’s stock valued at $951,000 after purchasing an additional 939 shares during the last quarter. 87.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Evergy

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 filing 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 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 transaction, the director owned 1,680 shares of the company’s stock, valued at $139,960.80. This represents a 31.18% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 12,748 shares of company stock valued at $1,061,870. Company insiders own 1.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on EVRG shares. Bank of America lowered their price objective on shares of Evergy from $89.00 to $88.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. Barclays lifted their target price on shares of Evergy from $82.00 to $89.00 and gave the stock an “overweight” rating in a research report on Monday, March 9th. Weiss Ratings raised Evergy from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 11th. UBS Group lifted their price objective on Evergy from $88.00 to $91.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Finally, Wells Fargo & Company set a $87.00 price objective on Evergy in a research report on Tuesday, April 21st. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Evergy has a consensus rating of “Moderate Buy” and an average price target of $89.60.

Evergy Trading Up 0.7%

Evergy stock opened at $87.23 on Friday. Evergy Inc. has a 1 year low of $67.30 and a 1 year high of $87.57. The firm’s 50 day moving average price is $82.67 and its 200-day moving average price is $79.81. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.45 and a quick ratio of 0.24. The stock has a market cap of $20.11 billion, a P/E ratio of 23.14, a PEG ratio of 2.25 and a beta of 0.54.

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

Evergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, May 22nd were issued a dividend of $0.695 per share. This represents a $2.78 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Friday, May 22nd. Evergy’s dividend payout ratio is 73.74%.

Evergy 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.