Systematic Financial Management LP Boosts Stock Position in Evergy Inc. $EVRG

Systematic Financial Management LP grew its stake in Evergy Inc. (NASDAQ:EVRG) by 13.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 55,400 shares of the company’s stock after purchasing an additional 6,355 shares during the period. Systematic Financial Management LP’s holdings in Evergy were worth $4,016,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Harbor Capital Advisors Inc. purchased a new stake in shares of Evergy in the fourth quarter valued at approximately $27,000. Accredited Wealth Management LLC grew its position in shares of Evergy by 1,310.3% in the third quarter. Accredited Wealth Management LLC now owns 409 shares of the company’s stock valued at $31,000 after purchasing an additional 380 shares in the last quarter. Sentry Investment Management LLC purchased a new stake in shares of Evergy in the third quarter valued at approximately $41,000. Root Financial Partners LLC purchased a new stake in shares of Evergy in the third quarter valued at approximately $44,000. Finally, TOWER TRUST & INVESTMENT Co purchased a new position in Evergy in the fourth quarter worth approximately $42,000. 87.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EVRG has been the subject of several analyst reports. Wall Street Zen upgraded Evergy from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. Bank of America lowered their price objective on Evergy from $89.00 to $88.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Citigroup increased their price objective on Evergy from $89.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. BMO Capital Markets increased their price objective on Evergy from $82.00 to $87.00 and gave the stock an “outperform” rating in a research report on Monday, February 23rd. Finally, Wells Fargo & Company set a $87.00 price objective on Evergy in a research report on Tuesday, April 21st. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $89.60.

Evergy Stock Performance

EVRG opened at $83.94 on Monday. Evergy Inc. has a 52 week low of $64.70 and a 52 week high of $85.27. The business has a fifty day simple moving average of $81.97 and a 200-day simple moving average of $78.58. The firm has a market cap of $19.35 billion, a P/E ratio of 22.27, a P/E/G ratio of 2.18 and a beta of 0.56. 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 released its quarterly earnings results on Thursday, May 7th. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.63 by $0.06. Evergy had a return on equity of 9.09% and a net margin of 14.63%.The business had revenue of $1.44 billion during 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 company’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 expect that Evergy Inc. will post 4.25 earnings per share for the current year.

Evergy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, May 22nd will be given a dividend of $0.695 per share. This represents a $2.78 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Friday, May 22nd. Evergy’s dividend payout ratio (DPR) is currently 73.74%.

Insider Transactions at Evergy

In other news, SVP Heather A. Humphrey sold 3,650 shares of the firm’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $82.61, for a total transaction of $301,526.50. Following the completion of the transaction, the senior vice president directly owned 44,007 shares in the company, valued at $3,635,418.27. This trade represents a 7.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Charles L. King sold 2,440 shares of the stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $82.19, for a total value of $200,543.60. Following the completion of the sale, the senior vice president owned 18,359 shares in the company, valued at approximately $1,508,926.21. The trade was a 11.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 8,937 shares of company stock worth $736,492 over the last ninety days. Company insiders own 1.52% of the company’s stock.

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.