9,000 Shares in Evergy Inc. $EVRG Bought by SBI Okasan Asset Management Co.Ltd.

SBI Okasan Asset Management Co.Ltd. acquired a new position in Evergy Inc. (NASDAQ:EVRG) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 9,000 shares of the company’s stock, valued at approximately $657,000.

A number of other large investors have also recently bought and sold shares of EVRG. Harbor Capital Advisors Inc. bought a new stake in Evergy in the fourth quarter worth $27,000. Accredited Wealth Management LLC boosted its holdings in Evergy by 1,310.3% in the third quarter. Accredited Wealth Management LLC now owns 409 shares of the company’s stock worth $31,000 after purchasing an additional 380 shares in the last quarter. Sentry Investment Management LLC acquired a new position in Evergy during the third quarter valued at approximately $41,000. TOWER TRUST & INVESTMENT Co acquired a new position in Evergy during the fourth quarter valued at approximately $42,000. Finally, Elyxium Wealth LLC acquired a new position in Evergy during the fourth quarter valued at approximately $43,000. 87.24% of the stock is currently owned by institutional investors.

Insider Buying and Selling 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 shares were sold at an average price of $82.61, for a total value of $301,526.50. Following the sale, the senior vice president owned 44,007 shares in the company, valued at approximately $3,635,418.27. This trade represents a 7.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Charles L. King sold 2,440 shares of the firm’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $82.19, for a total transaction 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 position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.52% of the company’s stock.

Evergy Trading Down 1.0%

Shares of Evergy stock opened at $82.04 on Friday. The company’s fifty day simple moving average is $82.08 and its 200-day simple moving average is $78.81. The company has a market cap of $18.91 billion, a price-to-earnings ratio of 21.76, a PEG ratio of 2.15 and a beta of 0.56. The company has a current ratio of 0.45, a quick ratio of 0.24 and a debt-to-equity ratio of 1.29. Evergy Inc. has a 1 year low of $64.70 and a 1 year high of $85.27.

Evergy (NASDAQ:EVRG) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.06. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.27 billion. Evergy had a net margin of 14.63% and a return on equity of 9.09%. Evergy’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the company posted $0.54 earnings per share. Evergy has set its FY 2026 guidance at 4.140-4.340 EPS. As a group, sell-side analysts expect 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. Stockholders of record on Friday, May 22nd will be paid a $0.695 dividend. The ex-dividend date is Friday, May 22nd. This represents a $2.78 annualized dividend and a dividend yield of 3.4%. Evergy’s dividend payout ratio (DPR) is presently 73.74%.

Analysts Set New Price Targets

Several brokerages have commented on EVRG. BMO Capital Markets increased their price target on Evergy from $82.00 to $87.00 and gave the company an “outperform” rating in a report on Monday, February 23rd. Wall Street Zen upgraded Evergy from a “sell” rating to a “hold” rating in a report on Saturday, February 21st. BTIG Research began coverage on Evergy in a report on Thursday, April 9th. They set a “buy” rating and a $99.00 price target on the stock. Bank of America lowered their price target on Evergy from $89.00 to $88.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. Finally, Citigroup increased their price target on Evergy from $89.00 to $95.00 and gave the company a “buy” rating in a report on Friday, February 20th. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $89.60.

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.