Oxbow Advisors LLC Purchases New Position in Evergy Inc. $EVRG

Oxbow Advisors LLC acquired a new position in shares of Evergy Inc. (NASDAQ:EVRG) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 48,457 shares of the company’s stock, valued at approximately $4,188,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. MidFirst Bank acquired a new position in Evergy during the fourth quarter valued at approximately $25,000. Prosperity Bancshares Inc acquired a new stake in Evergy in the fourth quarter worth $32,000. Clearstead Trust LLC acquired a new stake in Evergy in the second quarter worth $33,000. Triumph Capital Management boosted its position in shares of Evergy by 104.8% during the fourth quarter. Triumph Capital Management now owns 508 shares of the company’s stock worth $37,000 after purchasing an additional 260 shares in the last quarter. Finally, Transamerica Financial Advisors LLC boosted its position in shares of Evergy by 163.2% during the fourth quarter. Transamerica Financial Advisors LLC now owns 529 shares of the company’s stock worth $38,000 after purchasing an additional 328 shares in the last quarter. Institutional investors own 87.24% of the company’s stock.

Evergy Trading Down 0.6%

Shares of NASDAQ:EVRG opened at $83.42 on Wednesday. The firm has a market cap of $19.23 billion, a price-to-earnings ratio of 21.17, a PEG ratio of 2.18 and a beta of 0.54. Evergy Inc. has a 12 month low of $70.42 and a 12 month high of $88.62. The company’s fifty day simple moving average is $84.81 and its 200 day simple moving average is $82.74. The company has a quick ratio of 0.21, a current ratio of 0.36 and a debt-to-equity ratio of 1.20.

Evergy (NASDAQ:EVRG) last announced its earnings results on Thursday, August 6th. The company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.07. The firm had revenue of $1.50 billion during 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 period in the prior year, the business earned $0.82 EPS. Evergy has set its FY 2026 guidance at 4.140-4.340 EPS. As a group, research analysts forecast that Evergy Inc. will post 4.25 EPS for the current fiscal year.

Evergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Tuesday, August 18th will be given a dividend of $0.695 per share. This represents a $2.78 annualized dividend and a dividend 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 related news, Director Sandra Aj Lawrence sold 761 shares of the stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $83.31, for a total transaction of $63,398.91. Following the completion of the transaction, the director directly owned 1,680 shares in the company, valued at approximately $139,960.80. This trade represents a 31.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Charles A. Caisley sold 10,787 shares of the stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $83.46, for a total value of $900,283.02. Following the transaction, the executive vice president owned 37,789 shares of the company’s stock, valued at approximately $3,153,869.94. The trade was a 22.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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 valued at $1,061,870 over the last ninety days. 1.52% of the stock is owned by insiders.

Analysts Set New Price Targets

EVRG has been the subject of a number of recent analyst reports. UBS Group upped their price objective 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. BTIG Research set a $97.00 target price on Evergy in a report on Thursday, July 23rd. Barclays lifted their target price on Evergy from $89.00 to $94.00 and gave the stock an “overweight” rating in a report on Tuesday, June 30th. Citigroup boosted their target price on Evergy from $95.00 to $97.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Finally, Wells Fargo & Company set a $87.00 price target on Evergy in a report on Tuesday, April 21st. 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, Evergy presently has a consensus rating of “Moderate Buy” and an average target price 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.