North Dakota State Investment Board Takes $572,000 Position in Evergy Inc. $EVRG

North Dakota State Investment Board bought a new stake in shares of Evergy Inc. (NASDAQ:EVRG) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 7,894 shares of the company’s stock, valued at approximately $572,000.

Several other large investors also recently modified their holdings of the business. Franklin Resources Inc. grew its stake in shares of Evergy by 4.3% during the third quarter. Franklin Resources Inc. now owns 6,058,061 shares of the company’s stock valued at $460,534,000 after acquiring an additional 251,027 shares in the last quarter. Federated Hermes Inc. grew its stake in Evergy by 0.5% in the third quarter. Federated Hermes Inc. now owns 3,702,734 shares of the company’s stock worth $281,482,000 after purchasing an additional 17,592 shares in the last quarter. Northern Trust Corp grew its stake in Evergy by 10.6% in the third quarter. Northern Trust Corp now owns 2,760,494 shares of the company’s stock worth $209,853,000 after purchasing an additional 263,619 shares in the last quarter. Magellan Asset Management Ltd grew its stake in Evergy by 3.4% in the third quarter. Magellan Asset Management Ltd now owns 2,444,381 shares of the company’s stock worth $185,822,000 after purchasing an additional 79,888 shares in the last quarter. Finally, Truist Financial Corp grew its stake in Evergy by 28.4% in the fourth quarter. Truist Financial Corp now owns 1,847,410 shares of the company’s stock worth $133,919,000 after purchasing an additional 408,452 shares in the last quarter. 87.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Ann D. Murtlow sold 2,847 shares of Evergy stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $82.34, for a total transaction of $234,421.98. Following the sale, the director owned 2,311 shares of the company’s stock, valued at approximately $190,287.74. The trade was a 55.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Heather A. Humphrey sold 3,650 shares of Evergy stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $82.61, for a total value of $301,526.50. Following the sale, the senior vice president directly owned 44,007 shares in the company, valued at approximately $3,635,418.27. This trade represents a 7.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 8,937 shares of company stock valued at $736,492. Insiders own 1.52% of the company’s stock.

Evergy Stock Performance

EVRG opened at $83.65 on Friday. The business’s 50 day moving average is $81.91 and its 200-day moving average is $78.53. The stock has a market cap of $19.28 billion, a PE ratio of 22.19, a price-to-earnings-growth ratio of 2.16 and a beta of 0.56. The company has a current ratio of 0.45, a quick ratio of 0.24 and a debt-to-equity ratio of 1.29. Evergy Inc. has a twelve month low of $64.70 and a twelve month high of $85.27.

Evergy (NASDAQ:EVRG) last released its quarterly earnings results 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. The company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.27 billion. Evergy had a return on equity of 9.09% and a net margin of 14.63%.The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 earnings per share. Evergy has set its FY 2026 guidance at 4.140-4.340 EPS. On average, analysts predict that Evergy Inc. will post 4.25 earnings per share for the current year.

Evergy Dividend Announcement

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

Analyst Upgrades and Downgrades

EVRG has been the subject of a number of research reports. Bank of America decreased their price target on Evergy from $89.00 to $88.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. Weiss Ratings upgraded Evergy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 11th. Wells Fargo & Company set a $87.00 price target on Evergy in a research note on Tuesday, April 21st. Barclays lifted their price target on Evergy from $82.00 to $89.00 and gave the stock an “overweight” rating in a research note on Monday, March 9th. Finally, Citigroup lifted their price target on Evergy from $89.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. 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, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $89.60.

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.