Dynamic Technology Lab Private Ltd Invests $2.32 Million in Evergy Inc. $EVRG

Dynamic Technology Lab Private Ltd acquired a new position in Evergy Inc. (NASDAQ:EVRG) during the fourth quarter, HoldingsChannel reports. The firm acquired 31,938 shares of the company’s stock, valued at approximately $2,315,000. Evergy accounts for 0.5% of Dynamic Technology Lab Private Ltd’s holdings, making the stock its 13th biggest position.

A number of other large investors also recently modified their holdings of the company. Geode Capital Management LLC raised its holdings in shares of Evergy by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 6,447,150 shares of the company’s stock worth $465,684,000 after purchasing an additional 105,842 shares during the period. Franklin Resources Inc. grew its stake in shares of Evergy by 0.6% in the fourth quarter. Franklin Resources Inc. now owns 6,091,518 shares of the company’s stock valued at $441,574,000 after buying an additional 33,457 shares in the last quarter. Federated Hermes Inc. grew its stake in shares of Evergy by 1.6% in the fourth quarter. Federated Hermes Inc. now owns 3,760,548 shares of the company’s stock valued at $272,602,000 after buying an additional 57,814 shares in the last quarter. Northern Trust Corp grew its stake in shares of Evergy by 10.6% in the third quarter. Northern Trust Corp now owns 2,760,494 shares of the company’s stock valued at $209,853,000 after buying an additional 263,619 shares in the last quarter. Finally, Magellan Asset Management Ltd grew its stake in shares of Evergy by 3.4% in the third quarter. Magellan Asset Management Ltd now owns 2,444,381 shares of the company’s stock valued at $185,822,000 after buying an additional 79,888 shares in the last quarter. 87.24% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Evergy news, 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 completion of the sale, the director owned 680 shares in the company, valued at $55,358.80. This trade represents a 46.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders sold 1,961 shares of company stock worth $161,587. 1.52% of the stock is owned by company insiders.

Evergy Price Performance

Shares of NASDAQ EVRG opened at $83.85 on Friday. Evergy Inc. has a fifty-two week low of $66.19 and a fifty-two week high of $85.27. The business has a 50 day moving average price of $82.38 and a two-hundred day moving average price of $79.21. 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 firm has a market cap of $19.33 billion, a PE ratio of 22.24, a price-to-earnings-growth ratio of 2.15 and a beta of 0.54.

Evergy (NASDAQ:EVRG) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.69 earnings per share for the quarter, beating 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 firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same quarter last year, the firm earned $0.54 EPS. Evergy’s quarterly revenue was up 5.0% on a year-over-year basis. Evergy has set its FY 2026 guidance at 4.140-4.340 EPS. Sell-side analysts expect that Evergy Inc. will post 4.25 earnings per share for the current fiscal year.

Evergy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Friday, May 22nd will be paid a dividend of $0.695 per share. This represents a $2.78 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Friday, May 22nd. Evergy’s dividend payout ratio (DPR) is 73.74%.

Analyst Upgrades and Downgrades

EVRG has been the subject of a number of recent research reports. Mizuho set a $82.00 target price on Evergy in a research note on Monday, February 23rd. Wall Street Zen upgraded Evergy from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. Wells Fargo & Company set a $87.00 target price on Evergy in a research note on Tuesday, April 21st. BMO Capital Markets increased their target price on Evergy from $82.00 to $87.00 and gave the company an “outperform” rating in a research note on Monday, February 23rd. Finally, Bank of America lowered their target price on Evergy from $89.00 to $88.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.