17,892 Shares in Evergy Inc. $EVRG Acquired by Westpac Banking Corp

Westpac Banking Corp acquired a new position in shares of Evergy Inc. (NASDAQ:EVRG) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 17,892 shares of the company’s stock, valued at approximately $1,546,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of EVRG. MidFirst Bank purchased a new stake in shares of Evergy in the 4th quarter valued at $25,000. Knuff & Co LLC purchased a new position in Evergy during the 2nd quarter valued at about $30,000. Clearstead Trust LLC purchased a new position in Evergy during the 2nd quarter valued at about $33,000. Prosperity Bancshares Inc acquired a new position in Evergy in the 4th quarter valued at about $32,000. Finally, Cedar Mountain Advisors LLC acquired a new position in Evergy in the 1st quarter valued at about $40,000. 87.24% of the stock is currently owned by hedge funds and other institutional investors.

Evergy Price Performance

Evergy stock opened at $80.92 on Friday. The company has a current ratio of 0.36, a quick ratio of 0.21 and a debt-to-equity ratio of 1.20. The company has a fifty day simple moving average of $84.77 and a 200-day simple moving average of $82.82. The stock has a market cap of $18.66 billion, a P/E ratio of 20.54, a price-to-earnings-growth ratio of 2.10 and a beta of 0.54. Evergy Inc. has a 12-month low of $70.42 and a 12-month high of $88.62.

Evergy (NASDAQ:EVRG) last posted its earnings results on Thursday, August 6th. The company reported $0.88 EPS for the quarter, beating 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 firm had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the prior year, the company posted $0.82 earnings per share. Evergy has set its FY 2026 guidance at 4.140-4.340 EPS. Equities analysts expect that Evergy Inc. will post 4.25 EPS for the current fiscal year.

Evergy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Tuesday, August 18th will be given a dividend of $0.695 per share. 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 dividend payout ratio (DPR) is 70.56%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on EVRG. UBS Group increased their target price on shares of Evergy from $88.00 to $91.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. BMO Capital Markets boosted their price target on shares of Evergy from $88.00 to $92.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 22nd. Barclays upped their price objective on Evergy from $89.00 to $94.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 30th. BTIG Research set a $97.00 price objective on Evergy in a research note on Thursday, July 23rd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Evergy in a report on Friday, August 7th. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $90.60.

Insider Activity

In related news, Director Sandra Aj Lawrence sold 600 shares of the business’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 completion of the sale, the director owned 680 shares in the company, valued at $55,358.80. The trade was a 46.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Charles A. Caisley sold 10,787 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $83.46, for a total value of $900,283.02. Following the completion of the transaction, the executive vice president directly owned 37,789 shares of the company’s stock, valued at $3,153,869.94. This trade represents a 22.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 12,748 shares of company stock worth $1,061,870 in the last three months. Corporate 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.