Evergy Inc. $EVRG Shares Purchased by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. boosted its stake in Evergy Inc. (NASDAQ:EVRG) by 25.9% in the first quarter, Holdings Channel.com reports. The fund owned 967,304 shares of the company’s stock after buying an additional 199,270 shares during the quarter. Vaughan Nelson Investment Management L.P.’s holdings in Evergy were worth $79,242,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Geode Capital Management LLC lifted 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 valued at $465,684,000 after purchasing an additional 105,842 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of Evergy by 0.6% in the 4th quarter. Franklin Resources Inc. now owns 6,091,518 shares of the company’s stock valued at $441,574,000 after purchasing an additional 33,457 shares during the period. Federated Hermes Inc. grew its stake in Evergy by 1.6% during the 4th quarter. Federated Hermes Inc. now owns 3,760,548 shares of the company’s stock worth $272,602,000 after buying an additional 57,814 shares during the last quarter. Northern Trust Corp grew its stake in Evergy by 10.6% during the 3rd quarter. Northern Trust Corp now owns 2,760,494 shares of the company’s stock worth $209,853,000 after buying an additional 263,619 shares during the last quarter. Finally, Magellan Asset Management Ltd increased its position in Evergy by 3.4% during the third quarter. Magellan Asset Management Ltd now owns 2,444,381 shares of the company’s stock worth $185,822,000 after buying an additional 79,888 shares during the period. Institutional investors and hedge funds own 87.24% of the company’s stock.

Insider Activity at Evergy

In other news, EVP Charles A. Caisley sold 10,787 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $83.46, for a total transaction of $900,283.02. Following the completion of the sale, the executive vice president owned 37,789 shares in the company, valued at $3,153,869.94. This represents a 22.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Sandra Aj Lawrence sold 600 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $81.41, for a total value of $48,846.00. Following the sale, the director directly owned 680 shares of the company’s stock, valued at approximately $55,358.80. This represents a 46.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 12,748 shares of company stock valued at $1,061,870 in the last 90 days. Company insiders own 1.52% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on EVRG shares. BMO Capital Markets boosted their price objective on Evergy from $82.00 to $87.00 and gave the company an “outperform” rating in a research note on Monday, February 23rd. 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 target price on the stock. Barclays raised their target price on shares of Evergy from $82.00 to $89.00 and gave the stock an “overweight” rating in a research report on Monday, March 9th. UBS Group upped their price target on shares of Evergy from $88.00 to $91.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Finally, Mizuho set a $82.00 price target on shares of Evergy in a research report on Monday, February 23rd. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Evergy has a consensus rating of “Moderate Buy” and an average target price of $89.60.

Evergy Stock Performance

NASDAQ EVRG opened at $82.50 on Monday. The company has a quick ratio of 0.24, a current ratio of 0.45 and a debt-to-equity ratio of 1.29. Evergy Inc. has a 52-week low of $66.89 and a 52-week high of $85.27. The business’s 50-day moving average price is $82.39 and its 200 day moving average price is $79.45. The firm has a market cap of $19.02 billion, a P/E ratio of 21.88, a P/E/G ratio of 2.14 and a beta of 0.55.

Evergy (NASDAQ:EVRG) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.69 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $1.27 billion. During the same period in the prior year, the business earned $0.54 EPS. The firm’s 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. On average, equities research analysts expect that Evergy Inc. will post 4.25 earnings per share for the current year.

Evergy Announces Dividend

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

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.