OLD Republic International Corp Has $52.74 Million Stock Holdings in Evergy Inc. $EVRG

OLD Republic International Corp lessened its stake in shares of Evergy Inc. (NASDAQ:EVRG) by 13.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 727,561 shares of the company’s stock after selling 108,485 shares during the quarter. Evergy comprises about 2.1% of OLD Republic International Corp’s portfolio, making the stock its 18th largest holding. OLD Republic International Corp’s holdings in Evergy were worth $52,741,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Harbor Capital Advisors Inc. acquired a new stake in shares of Evergy during the 4th quarter worth about $27,000. Accredited Wealth Management LLC lifted its stake in shares of Evergy by 1,310.3% during the 3rd quarter. Accredited Wealth Management LLC now owns 409 shares of the company’s stock worth $31,000 after buying an additional 380 shares during the last quarter. Sentry Investment Management LLC acquired a new stake in shares of Evergy during the 3rd quarter worth about $41,000. Root Financial Partners LLC acquired a new stake in shares of Evergy during the 3rd quarter worth about $44,000. Finally, TOWER TRUST & INVESTMENT Co acquired a new stake in shares of Evergy during the 4th quarter worth about $42,000. Institutional investors and hedge funds own 87.24% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on EVRG. BMO Capital Markets raised their target price 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. Barclays lifted their price objective 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. Mizuho set a $82.00 price objective on shares of Evergy in a research note on Monday, February 23rd. Citigroup lifted their price objective 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. Finally, UBS Group lifted their price objective 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. 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, the company presently has an average rating of “Moderate Buy” and an average price target of $89.60.

Evergy Price Performance

Shares of Evergy stock opened at $83.94 on Friday. Evergy Inc. has a twelve month low of $64.70 and a twelve month high of $85.27. The company has a quick ratio of 0.24, a current ratio of 0.45 and a debt-to-equity ratio of 1.29. The company has a 50-day simple moving average of $81.97 and a two-hundred day simple moving average of $78.57. The stock has a market capitalization of $19.35 billion, a price-to-earnings ratio of 22.27, a price-to-earnings-growth ratio of 2.18 and a beta of 0.56.

Evergy (NASDAQ:EVRG) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.06. The business had revenue of $1.44 billion during 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%. The business’s revenue 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. Analysts forecast that Evergy Inc. will post 4.25 EPS for the current year.

Evergy Dividend Announcement

The company also recently announced 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. The ex-dividend date is Friday, May 22nd. This represents a $2.78 annualized dividend and a dividend yield of 3.3%. Evergy’s payout ratio is presently 73.74%.

Insider Activity

In other news, SVP Charles L. King sold 2,440 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The shares were 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 in the company, valued at approximately $1,508,926.21. The trade was a 11.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ann D. Murtlow sold 2,847 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $82.34, for a total transaction of $234,421.98. Following the completion of the transaction, the director owned 2,311 shares of the company’s stock, valued at $190,287.74. The trade was a 55.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 8,937 shares of company stock worth $736,492. 1.52% of the stock is currently owned by corporate insiders.

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.