CIBC Asset Management Inc Buys 21,853 Shares of Evergy Inc. $EVRG

CIBC Asset Management Inc boosted its stake in Evergy Inc. (NASDAQ:EVRG) by 16.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 151,165 shares of the company’s stock after acquiring an additional 21,853 shares during the quarter. CIBC Asset Management Inc’s holdings in Evergy were worth $10,958,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in EVRG. Brighton Jones LLC bought a new stake in Evergy in the 4th quarter valued at $257,000. United Services Automobile Association bought a new stake in Evergy during the 1st quarter worth about $223,000. Empowered Funds LLC lifted its position in Evergy by 19.5% during the 1st quarter. Empowered Funds LLC now owns 4,648 shares of the company’s stock worth $320,000 after buying an additional 758 shares in the last quarter. Woodline Partners LP lifted its position in Evergy by 40.7% during the 1st quarter. Woodline Partners LP now owns 19,429 shares of the company’s stock worth $1,340,000 after buying an additional 5,618 shares in the last quarter. Finally, Focus Partners Wealth lifted its position in Evergy by 7.3% during the 1st quarter. Focus Partners Wealth now owns 13,791 shares of the company’s stock worth $951,000 after buying an additional 939 shares in the last quarter. 87.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. BTIG Research assumed coverage on shares of Evergy in a research report on Thursday, April 9th. They set a “buy” rating and a $99.00 price target on the stock. Bank of America cut their price target on shares of Evergy from $89.00 to $88.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. Weiss Ratings raised shares of Evergy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 11th. BMO Capital Markets boosted their price target on shares of Evergy from $82.00 to $87.00 and gave the stock an “outperform” rating in a research report on Monday, February 23rd. Finally, Barclays boosted their price target 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. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $89.60.

Insider Transactions at Evergy

In other news, SVP Heather A. Humphrey sold 3,650 shares of the business’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $82.61, for a total transaction of $301,526.50. Following the transaction, the senior vice president directly owned 44,007 shares in the company, valued at $3,635,418.27. The trade was a 7.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Sandra Aj Lawrence sold 761 shares of the business’s 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 transaction, the director owned 1,680 shares in the company, valued at $139,960.80. This represents a 31.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 8,051 shares of company stock worth $663,657 in the last ninety days. Insiders own 1.52% of the company’s stock.

Evergy Trading Up 1.7%

Shares of NASDAQ:EVRG opened at $83.27 on Friday. The stock has a market capitalization of $19.19 billion, a PE ratio of 22.09, a price-to-earnings-growth ratio of 2.12 and a beta of 0.54. The company’s 50-day moving average price is $82.25 and its two-hundred day moving average price is $78.98. Evergy Inc. has a one year low of $64.80 and a one year high of $85.27. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.45 and a quick ratio of 0.24.

Evergy (NASDAQ:EVRG) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.06. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.27 billion. Evergy had a net margin of 14.63% and a return on equity of 9.09%. Evergy’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.54 EPS. Evergy has set its FY 2026 guidance at 4.140-4.340 EPS. On average, equities analysts forecast that Evergy Inc. will post 4.25 EPS for the current fiscal year.

Evergy Announces Dividend

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