Evergy Inc. $EVRG Shares Sold by Patton Fund Management Inc.

Patton Fund Management Inc. decreased its holdings in shares of Evergy Inc. (NASDAQ:EVRG) by 62.8% during the first quarter, HoldingsChannel reports. The institutional investor owned 29,007 shares of the company’s stock after selling 48,997 shares during the period. Patton Fund Management Inc.’s holdings in Evergy were worth $2,376,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in EVRG. Brighton Jones LLC acquired a new position in Evergy during the fourth quarter worth $257,000. United Services Automobile Association purchased a new position in Evergy during the first quarter valued at $223,000. Empowered Funds LLC grew its position in shares of Evergy by 19.5% in the first quarter. Empowered Funds LLC now owns 4,648 shares of the company’s stock valued at $320,000 after purchasing an additional 758 shares during the period. Woodline Partners LP grew its position in shares of Evergy by 40.7% in the first quarter. Woodline Partners LP now owns 19,429 shares of the company’s stock valued at $1,340,000 after purchasing an additional 5,618 shares during the period. Finally, Focus Partners Wealth increased its stake in shares of Evergy by 7.3% during the first quarter. Focus Partners Wealth now owns 13,791 shares of the company’s stock worth $951,000 after purchasing an additional 939 shares in the last quarter. Institutional investors and hedge funds own 87.24% of the company’s stock.

Insider Activity at Evergy

In other news, EVP Charles A. Caisley sold 10,787 shares of the company’s stock in a transaction that occurred 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 in the company, valued at $3,153,869.94. This 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 available at 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 stock was 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 in the company, valued at approximately $139,960.80. The trade was a 31.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 12,748 shares of company stock worth $1,061,870. Insiders own 1.52% of the company’s stock.

Evergy Price Performance

Shares of NASDAQ EVRG opened at $87.23 on Monday. The firm has a 50-day simple moving average of $82.67 and a 200-day simple moving average of $79.86. The company has a quick ratio of 0.24, a current ratio of 0.45 and a debt-to-equity ratio of 1.29. The stock has a market capitalization of $20.11 billion, a price-to-earnings ratio of 23.14, a price-to-earnings-growth ratio of 2.26 and a beta of 0.55. Evergy Inc. has a 52 week low of $67.30 and a 52 week high of $87.57.

Evergy (NASDAQ:EVRG) last posted its quarterly 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. Evergy had a net margin of 14.63% and a return on equity of 9.09%. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same period in the previous year, the business posted $0.54 earnings per share. Evergy’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. On average, equities analysts predict that Evergy Inc. will post 4.25 earnings per share for the current fiscal year.

Evergy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders 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 was Friday, May 22nd. Evergy’s payout ratio is currently 73.74%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on EVRG. Barclays upped their price target 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. Wells Fargo & Company set a $87.00 price objective on Evergy in a research note on Tuesday, April 21st. BTIG Research began coverage on Evergy in a report on Thursday, April 9th. They set a “buy” rating and a $99.00 target price for the company. Bank of America decreased their target price on Evergy from $89.00 to $88.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. Finally, UBS Group lifted their price target 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 company’s stock. According to MarketBeat, Evergy presently has an average rating of “Moderate Buy” and a consensus price target of $89.60.

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.