Prudential PLC Buys 42,503 Shares of Evergy Inc. $EVRG

Prudential PLC boosted its stake in Evergy Inc. (NASDAQ:EVRG) by 59.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 113,617 shares of the company’s stock after acquiring an additional 42,503 shares during the period. Prudential PLC’s holdings in Evergy were worth $8,236,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. ANTIPODES PARTNERS Ltd bought a new position in shares of Evergy during the 3rd quarter worth approximately $72,860,000. Envestnet Asset Management Inc. grew its position in shares of Evergy by 136.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,003,616 shares of the company’s stock worth $76,295,000 after buying an additional 579,531 shares during the period. BROOKFIELD Corp ON acquired a new stake in shares of Evergy during the 2nd quarter worth approximately $29,644,000. Truist Financial Corp grew its position in shares of Evergy by 28.4% during the 4th quarter. Truist Financial Corp now owns 1,847,410 shares of the company’s stock worth $133,919,000 after buying an additional 408,452 shares during the period. Finally, Cramer Rosenthal Mcglynn LLC acquired a new stake in shares of Evergy during the 3rd quarter worth approximately $28,358,000. 87.24% of the stock is currently owned by institutional investors.

Evergy Price Performance

Shares of EVRG opened at $83.27 on Friday. Evergy Inc. has a 12-month low of $64.80 and a 12-month high of $85.27. The business’s fifty day moving average is $82.25 and its 200 day moving average is $78.98. 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 stock has a market cap of $19.19 billion, a P/E ratio of 22.09, a P/E/G ratio of 2.12 and a beta of 0.54.

Evergy (NASDAQ:EVRG) last issued its earnings results on Thursday, May 7th. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.06. Evergy had a return on equity of 9.09% and a net margin of 14.63%.The company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same period last year, the business earned $0.54 EPS. Evergy’s quarterly revenue was up 5.0% compared to the same quarter last year. Evergy has set its FY 2026 guidance at 4.140-4.340 EPS. Sell-side analysts anticipate that Evergy Inc. will post 4.25 earnings per share for the current fiscal year.

Evergy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Friday, May 22nd will be issued 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 Friday, May 22nd. Evergy’s dividend payout ratio (DPR) is currently 73.74%.

Insider Buying and Selling

In related news, SVP Heather A. Humphrey sold 3,650 shares of the stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $82.61, for a total value of $301,526.50. Following the transaction, the senior vice president directly owned 44,007 shares in the company, valued at $3,635,418.27. This trade represents a 7.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Sandra Aj Lawrence sold 761 shares of the stock in a transaction on 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 in the company, valued at approximately $139,960.80. This represents a 31.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 8,051 shares of company stock worth $663,657 in the last ninety days. Corporate insiders own 1.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Wall Street Zen raised shares of Evergy from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. BTIG Research assumed coverage on shares of Evergy in a research report on Thursday, April 9th. They set a “buy” rating and a $99.00 price objective for the company. Mizuho set a $82.00 price objective on shares of Evergy in a research report on Monday, February 23rd. BMO Capital Markets raised their price objective on shares of Evergy from $82.00 to $87.00 and gave the stock an “outperform” rating in a research report on Monday, February 23rd. Finally, Weiss Ratings raised shares of Evergy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 11th. 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.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $89.60.

Evergy Company 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.