Heartland Bank & Trust Co Acquires New Position in Evergy Inc. $EVRG

Heartland Bank & Trust Co bought a new position in shares of Evergy Inc. (NASDAQ:EVRG) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 8,593 shares of the company’s stock, valued at approximately $743,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EVRG. MidFirst Bank acquired a new position in shares of Evergy in the fourth quarter worth $25,000. Knuff & Co LLC purchased a new position in Evergy in the second quarter valued at $30,000. Prosperity Bancshares Inc acquired a new position in Evergy during the 4th quarter worth $32,000. Clearstead Trust LLC purchased a new stake in Evergy during the 2nd quarter worth about $33,000. Finally, 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 purchasing an additional 260 shares during the period. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Barclays lifted their price objective on Evergy from $89.00 to $94.00 and gave the company an “overweight” rating in a research note on Tuesday, June 30th. UBS Group upped their target price 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 raised their target price on shares of Evergy from $88.00 to $92.00 and gave the company an “outperform” rating in a report on Wednesday, July 22nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Evergy in a research note on Friday, August 7th. Finally, BTIG Research set a $97.00 price objective 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 assigned a Hold rating to the company’s stock. According to MarketBeat, Evergy presently has a consensus rating of “Moderate Buy” and an average target price of $90.60.

Evergy Stock Down 2.7%

Shares of NASDAQ:EVRG opened at $80.92 on Friday. The company has a market capitalization of $18.66 billion, a PE ratio of 20.54, a P/E/G ratio of 2.16 and a beta of 0.54. The company has a current ratio of 0.36, a quick ratio of 0.21 and a debt-to-equity ratio of 1.20. Evergy Inc. has a twelve month low of $70.42 and a twelve month high of $88.62. The firm has a 50 day simple moving average of $84.77 and a 200-day simple moving average of $82.82.

Evergy (NASDAQ:EVRG) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.07. The company had revenue of $1.50 billion during the quarter, compared to the consensus estimate 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 posted $0.82 earnings per share. Evergy has set its FY 2026 guidance at 4.140-4.340 EPS. On average, equities analysts predict 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. Stockholders of record on Tuesday, August 18th will be issued a $0.695 dividend. This represents a $2.78 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Tuesday, August 18th. Evergy’s payout ratio is presently 70.56%.

Insider Transactions 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 value of $900,283.02. Following the completion of the sale, the executive vice president directly owned 37,789 shares of the company’s stock, valued at approximately $3,153,869.94. This represents a 22.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 firm’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $81.41, for a total transaction of $48,846.00. Following the transaction, the director owned 680 shares in the company, valued at approximately $55,358.80. This trade represents a 46.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 12,748 shares of company stock valued at $1,061,870. Insiders own 1.52% of the company’s stock.

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.