Oppenheimer Asset Management Inc. Makes New $17.58 Million Investment in Evergy Inc. $EVRG

Oppenheimer Asset Management Inc. bought a new stake in shares of Evergy Inc. (NASDAQ:EVRG) in the second quarter, Holdings Channel reports. The fund bought 203,422 shares of the company’s stock, valued at approximately $17,582,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of EVRG. MidFirst Bank purchased a new stake in shares of Evergy in the fourth quarter worth about $25,000. Prosperity Bancshares Inc purchased a new position in Evergy during the fourth quarter valued at approximately $32,000. Cedar Mountain Advisors LLC purchased a new position in Evergy during the first quarter valued at approximately $40,000. Triumph Capital Management increased its holdings in Evergy by 104.8% during the 4th quarter. Triumph Capital Management now owns 508 shares of the company’s stock worth $37,000 after acquiring an additional 260 shares during the period. Finally, Transamerica Financial Advisors LLC increased its holdings in Evergy by 163.2% during the 4th quarter. Transamerica Financial Advisors LLC now owns 529 shares of the company’s stock worth $38,000 after acquiring an additional 328 shares during the period. 87.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Wells Fargo & Company set a $87.00 target price on shares of Evergy in a research note on Tuesday, April 21st. Barclays upped their price target on shares of Evergy from $89.00 to $94.00 and gave the stock an “overweight” rating in a report on Tuesday, June 30th. Citigroup increased their price objective on Evergy from $95.00 to $97.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. BMO Capital Markets boosted their target price on Evergy from $88.00 to $92.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 22nd. Finally, UBS Group upped their target price 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 given a Hold rating to the company’s stock. Based on data from MarketBeat, Evergy currently has an average rating of “Moderate Buy” and a consensus price target of $90.60.

Evergy Price Performance

EVRG stock opened at $84.03 on Friday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.36 and a quick ratio of 0.21. Evergy Inc. has a one year low of $70.42 and a one year high of $88.62. The stock has a market cap of $19.37 billion, a PE ratio of 21.33, a P/E/G ratio of 2.17 and a beta of 0.54. The firm has a 50 day simple moving average of $84.74 and a two-hundred day simple moving average of $82.60.

Evergy (NASDAQ:EVRG) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.07. The firm had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.36 billion. Evergy had a net margin of 15.19% and a return on equity of 9.20%. During the same quarter in the prior year, the firm earned $0.82 EPS. 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 Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Tuesday, August 18th will be given a $0.695 dividend. The ex-dividend date is Tuesday, August 18th. This represents a $2.78 annualized dividend and a yield of 3.3%. Evergy’s payout ratio is 70.56%.

Insiders Place Their Bets

In other Evergy news, EVP Charles A. Caisley sold 10,787 shares of Evergy stock in a transaction dated 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 sale, the executive vice president owned 37,789 shares of the company’s stock, valued at $3,153,869.94. The trade was a 22.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at 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 Evergy stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $83.31, for a total value of $63,398.91. Following the sale, the director directly owned 1,680 shares of the company’s stock, valued at approximately $139,960.80. This trade represents a 31.18% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 12,748 shares of company stock worth $1,061,870. 1.52% of the stock is owned by insiders.

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.