Sandra Aj Lawrence Sells 400 Shares of Evergy (NASDAQ:EVRG) Stock

Evergy Inc. (NASDAQ:EVRG) Director Sandra Aj Lawrence sold 400 shares of the firm’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $82.04, for a total transaction of $32,816.00. Following the sale, the director owned 1,280 shares of the company’s stock, valued at $105,011.20. This trade represents a 23.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Sandra Aj Lawrence also recently made the following trade(s):

• On Thursday, May 28th, Sandra Aj Lawrence sold 761 shares of Evergy stock. The stock was sold at an average price of $83.31, for a total transaction of $63,398.91.

Evergy Stock Performance

EVRG traded down $1.65 during midday trading on Monday, reaching $80.39. The company had a trading volume of 2,195,545 shares, compared to its average volume of 2,063,931. Evergy Inc. has a 12-month low of $64.70 and a 12-month high of $85.27. The business has a 50-day moving average price of $82.08 and a two-hundred day moving average price of $78.83. The stock has a market cap of $18.53 billion, a PE ratio of 21.32, a P/E/G ratio of 2.13 and a beta of 0.55. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.24 and a current ratio of 0.45.

Evergy (NASDAQ:EVRG) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.06. Evergy had a net margin of 14.63% and a return on equity of 9.09%. The company had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same quarter last year, the business posted $0.54 EPS. Evergy’s quarterly 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, sell-side analysts expect that Evergy Inc. will post 4.25 earnings per share for the current fiscal year.

Evergy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, May 22nd will be given a dividend of $0.695 per share. This represents a $2.78 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Friday, May 22nd. Evergy’s dividend payout ratio is currently 73.74%.

Analyst Ratings Changes

EVRG has been the subject of several recent research reports. Bank of America decreased their price objective on Evergy from $89.00 to $88.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Wells Fargo & Company set a $87.00 price target on shares of Evergy in a report on Tuesday, April 21st. BTIG Research began coverage on Evergy in a research report on Thursday, April 9th. They set a “buy” rating and a $99.00 price target for the company. Weiss Ratings upgraded shares of Evergy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 11th. Finally, Citigroup boosted their target price on Evergy from $89.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Evergy presently has a consensus rating of “Moderate Buy” and a consensus target price of $89.60.

Institutional Investors Weigh In On Evergy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. MidFirst Bank bought a new stake in Evergy in the 4th quarter worth $25,000. Harbor Capital Advisors Inc. bought a new position in shares of Evergy during the fourth quarter valued at about $27,000. Accredited Wealth Management LLC raised its stake in shares of Evergy by 1,310.3% during the third quarter. Accredited Wealth Management LLC now owns 409 shares of the company’s stock valued at $31,000 after acquiring an additional 380 shares during the last quarter. Prosperity Bancshares Inc purchased a new stake in shares of Evergy during the fourth quarter worth about $32,000. Finally, Cedar Mountain Advisors LLC purchased a new stake in shares of Evergy during the first quarter worth about $40,000. 87.24% of the stock is currently owned by institutional investors.

About Evergy

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.