NewEdge Advisors LLC Has $2.16 Million Stock Position in Evergy Inc. $EVRG

NewEdge Advisors LLC grew its position in Evergy Inc. (NASDAQ:EVRG) by 38.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,362 shares of the company’s stock after acquiring an additional 7,253 shares during the quarter. NewEdge Advisors LLC’s holdings in Evergy were worth $2,159,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of EVRG. Adage Capital Partners GP L.L.C. raised its stake in shares of Evergy by 476.6% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 1,207,882 shares of the company’s stock valued at $87,559,000 after purchasing an additional 998,400 shares in the last quarter. Freestone Grove Partners LP boosted its stake in Evergy by 321.1% during the fourth quarter. Freestone Grove Partners LP now owns 854,739 shares of the company’s stock worth $61,960,000 after buying an additional 651,738 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Evergy by 122.4% during the fourth quarter. Renaissance Technologies LLC now owns 811,202 shares of the company’s stock worth $58,804,000 after buying an additional 446,400 shares in the last quarter. BROOKFIELD Corp ON acquired a new stake in Evergy during the second quarter worth $29,644,000. Finally, Zimmer Partners LP increased its holdings in Evergy by 147.8% in the 4th quarter. Zimmer Partners LP now owns 137,500 shares of the company’s stock valued at $9,967,000 after buying an additional 425,000 shares during the period. Institutional investors and hedge funds own 87.24% of the company’s stock.

Evergy Stock Up 0.6%

Shares of NASDAQ EVRG opened at $84.03 on Friday. Evergy Inc. has a 52-week low of $70.42 and a 52-week high of $88.62. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.21 and a current ratio of 0.36. The business has a fifty day moving average of $84.74 and a two-hundred day moving average of $82.60. The stock has a market cap of $19.37 billion, a PE ratio of 21.33, a PEG ratio of 2.17 and a beta of 0.54.

Evergy (NASDAQ:EVRG) last posted its earnings results on Thursday, August 6th. The company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.07. The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.36 billion. Evergy had a net margin of 15.19% and a return on equity of 9.20%. During the same quarter in the prior year, the firm earned $0.82 EPS. Evergy has set its FY 2026 guidance at 4.140-4.340 EPS. As a group, equities research analysts expect that Evergy Inc. will post 4.25 earnings per share for the current fiscal year.

Evergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Tuesday, August 18th will be paid a dividend of $0.695 per share. This represents a $2.78 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Tuesday, August 18th. Evergy’s dividend payout ratio is currently 70.56%.

Insider Activity

In other news, Director Sandra Aj Lawrence sold 600 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were 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 of the company’s stock, valued at approximately $55,358.80. This trade represents a 46.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Charles A. Caisley sold 10,787 shares of Evergy stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $83.46, for a total transaction of $900,283.02. Following the completion of the transaction, the executive vice president owned 37,789 shares of the company’s stock, valued at $3,153,869.94. This trade represents a 22.21% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 12,748 shares of company stock worth $1,061,870 over the last ninety days. Insiders own 1.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on EVRG shares. BMO Capital Markets increased their price objective on shares of Evergy from $88.00 to $92.00 and gave the company an “outperform” rating in a research note on Wednesday, July 22nd. Wells Fargo & Company set a $87.00 target price on shares of Evergy in a research note on Tuesday, April 21st. Citigroup increased their price target on shares of Evergy from $95.00 to $97.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Weiss Ratings restated a “buy (b)” rating on shares of Evergy in a research note on Friday, August 7th. Finally, Barclays upped their price objective on Evergy from $89.00 to $94.00 and gave the company an “overweight” rating in a research note on Tuesday, June 30th. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $90.60.

Evergy 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.