Insider Selling: Evergy (NASDAQ:EVRG) EVP Sells $900,283.02 in Stock

Evergy Inc. (NASDAQ:EVRG) EVP Charles Caisley sold 10,787 shares of the stock in a transaction 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 sale, the executive vice president directly owned 37,789 shares in the company, valued at $3,153,869.94. This trade 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 is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Evergy Price Performance

NASDAQ EVRG opened at $82.50 on Friday. Evergy Inc. has a one year low of $66.89 and a one year high of $85.27. The stock has a 50-day moving average of $82.41 and a 200 day moving average of $79.40. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.24 and a current ratio of 0.45. The company has a market capitalization of $19.02 billion, a price-to-earnings ratio of 21.88, a PEG ratio of 2.15 and a beta of 0.54.

Evergy (NASDAQ:EVRG) last posted its earnings results on Thursday, May 7th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.06. The business had revenue of $1.44 billion for 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 for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.54 EPS. Evergy has set its FY 2026 guidance at 4.140-4.340 EPS. On average, sell-side analysts forecast that Evergy Inc. will post 4.25 EPS for the current year.

Evergy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Friday, May 22nd were issued a $0.695 dividend. The ex-dividend date was Friday, May 22nd. This represents a $2.78 annualized dividend and a yield of 3.4%. Evergy’s dividend payout ratio (DPR) is currently 73.74%.

Institutional Investors Weigh In On Evergy

Hedge funds and other institutional investors have recently modified their holdings of the stock. MidFirst Bank purchased a new position in Evergy during the fourth quarter valued at $25,000. Harbor Capital Advisors Inc. purchased a new stake in Evergy in the fourth quarter worth about $27,000. Accredited Wealth Management LLC increased its position in Evergy by 1,310.3% in the third quarter. Accredited Wealth Management LLC now owns 409 shares of the company’s stock worth $31,000 after buying an additional 380 shares in the last quarter. Prosperity Bancshares Inc bought a new position in shares of Evergy in the fourth quarter worth about $32,000. Finally, Triumph Capital Management lifted its position in shares of Evergy by 104.8% during the 4th quarter. Triumph Capital Management now owns 508 shares of the company’s stock valued at $37,000 after buying an additional 260 shares in the last quarter. 87.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on EVRG. Mizuho set a $82.00 target price on shares of Evergy in a research note on Monday, February 23rd. UBS Group upped their price objective on Evergy from $88.00 to $91.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Wells Fargo & Company set a $87.00 target price on Evergy in a report on Tuesday, April 21st. Bank of America dropped their target price on Evergy from $89.00 to $88.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. Finally, BTIG Research initiated coverage on shares of Evergy in a research report on Thursday, April 9th. They set a “buy” rating and a $99.00 price target for the company. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Evergy currently has a consensus rating of “Moderate Buy” and a consensus 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.