Vestcor Inc Buys 57,795 Shares of Evergy Inc. $EVRG

Vestcor Inc boosted its stake in Evergy Inc. (NASDAQ:EVRG) by 49.6% in the fourth quarter, HoldingsChannel reports. The firm owned 174,330 shares of the company’s stock after acquiring an additional 57,795 shares during the period. Vestcor Inc’s holdings in Evergy were worth $12,637,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC grew its position in Evergy by 0.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 24,981 shares of the company’s stock worth $1,826,000 after purchasing an additional 140 shares during the period. Moneta Group Investment Advisors LLC grew its position in Evergy by 0.3% in the 3rd quarter. Moneta Group Investment Advisors LLC now owns 46,972 shares of the company’s stock worth $3,571,000 after purchasing an additional 145 shares during the period. Cary Street Partners Investment Advisory LLC grew its position in Evergy by 17.7% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 979 shares of the company’s stock worth $74,000 after purchasing an additional 147 shares during the period. Modern Wealth Management LLC boosted its stake in shares of Evergy by 1.9% during the 3rd quarter. Modern Wealth Management LLC now owns 7,926 shares of the company’s stock worth $603,000 after acquiring an additional 148 shares during the last quarter. Finally, Composition Wealth LLC boosted its stake in shares of Evergy by 3.9% during the 4th quarter. Composition Wealth LLC now owns 3,920 shares of the company’s stock worth $284,000 after acquiring an additional 148 shares during the last quarter. Institutional investors own 87.24% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. UBS Group lifted their price target on shares of Evergy from $88.00 to $91.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. BMO Capital Markets lifted their price target on shares of Evergy from $82.00 to $87.00 and gave the stock an “outperform” rating in a research note on Monday, February 23rd. Citigroup lifted their price target on shares of Evergy from $89.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. Barclays lifted their price target on shares of Evergy from $82.00 to $89.00 and gave the stock an “overweight” rating in a research note on Monday, March 9th. Finally, Wall Street Zen upgraded shares of Evergy from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $89.60.

Evergy Stock Performance

Shares of NASDAQ EVRG opened at $83.27 on Friday. The stock has a market cap of $19.19 billion, a PE ratio of 22.09, a price-to-earnings-growth ratio of 2.12 and a beta of 0.54. Evergy Inc. has a 1 year low of $64.80 and a 1 year high of $85.27. The firm has a fifty day moving average price of $82.25 and a 200-day moving average price of $78.98. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.45 and a quick ratio of 0.24.

Evergy (NASDAQ:EVRG) last released its earnings results on Thursday, May 7th. The company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.06. The company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations 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 previous year, the company earned $0.54 EPS. Evergy has set its FY 2026 guidance at 4.140-4.340 EPS. Equities analysts anticipate that Evergy Inc. will post 4.25 earnings per share for the current fiscal year.

Evergy Announces Dividend

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

Insider Transactions at Evergy

In other news, Director Sandra Aj Lawrence sold 761 shares of the company’s 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 completion of 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Charles L. King sold 2,440 shares of the company’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $82.19, for a total value of $200,543.60. Following the completion of the transaction, the senior vice president directly owned 18,359 shares of the company’s stock, valued at approximately $1,508,926.21. This trade represents a 11.73% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 8,051 shares of company stock valued at $663,657 over the last 90 days. Company insiders own 1.52% of the company’s stock.

About Evergy

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.