Johnson Financial Group Inc. Buys Shares of 29,898 Evergy Inc. $EVRG

Johnson Financial Group Inc. acquired a new position in shares of Evergy Inc. (NASDAQ:EVRG) in the second quarter, Holdings Channel.com reports. The fund acquired 29,898 shares of the company’s stock, valued at approximately $2,584,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Energy Income Partners LLC purchased a new stake in shares of Evergy in the 2nd quarter valued at $110,394,000. Adage Capital Partners GP L.L.C. grew its stake in shares of Evergy by 476.6% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 1,207,882 shares of the company’s stock worth $87,559,000 after purchasing an additional 998,400 shares during the last quarter. Freestone Grove Partners LP grew its position in shares of Evergy by 321.1% in the 4th quarter. Freestone Grove Partners LP now owns 854,739 shares of the company’s stock worth $61,960,000 after buying an additional 651,738 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Evergy during the 2nd quarter valued at $47,769,000. Finally, Renaissance Technologies LLC increased its position in shares of Evergy by 122.4% during the fourth quarter. Renaissance Technologies LLC now owns 811,202 shares of the company’s stock valued at $58,804,000 after buying an additional 446,400 shares during the period. Hedge funds and other institutional investors 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 stock in a transaction that occurred on 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 transaction, the executive vice president directly owned 37,789 shares in the company, valued at approximately $3,153,869.94. This represents a 22.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Sandra Aj Lawrence sold 600 shares of the stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $81.41, for a total transaction of $48,846.00. Following the transaction, the director owned 680 shares of the company’s stock, valued at $55,358.80. This trade represents a 46.88% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 12,748 shares of company stock worth $1,061,870 over the last ninety days. Insiders own 1.52% of the company’s stock.

Wall Street Analysts Forecast Growth

EVRG has been the topic of several recent research reports. UBS Group upped 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. Weiss Ratings reissued a “buy (b)” rating on shares of Evergy in a research report on Friday, August 7th. Citigroup boosted their target price on Evergy from $95.00 to $97.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Barclays boosted their target price on shares of Evergy from $89.00 to $94.00 and gave the company an “overweight” rating in a research note on Tuesday, June 30th. Finally, BTIG Research set a $97.00 price target on shares of Evergy in a research report on Thursday, July 23rd. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Evergy currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.60.

Evergy Price Performance

NASDAQ:EVRG opened at $83.58 on Thursday. The business’s 50-day simple moving average is $84.82 and its two-hundred day simple moving average is $82.79. The company has a quick ratio of 0.21, a current ratio of 0.36 and a debt-to-equity ratio of 1.20. Evergy Inc. has a 52 week low of $70.42 and a 52 week high of $88.62. The stock has a market cap of $19.27 billion, a PE ratio of 21.21, a P/E/G ratio of 2.16 and a beta of 0.54.

Evergy (NASDAQ:EVRG) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.07. Evergy had a return on equity of 9.20% and a net margin of 15.19%.The business had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the prior year, the company posted $0.82 EPS. Evergy has set its FY 2026 guidance at 4.140-4.340 EPS. As a group, analysts forecast that Evergy Inc. will post 4.25 EPS for the current fiscal year.

Evergy Dividend Announcement

The company 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. This represents a $2.78 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Tuesday, August 18th. Evergy’s payout ratio is currently 70.56%.

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.