Cohen & Steers Inc. Reduces Stock Position in Evergy Inc. $EVRG

Cohen & Steers Inc. lowered its position in Evergy Inc. (NASDAQ:EVRG) by 8.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,122,228 shares of the company’s stock after selling 190,056 shares during the quarter. Cohen & Steers Inc.’s holdings in Evergy were worth $153,840,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Harbor Capital Advisors Inc. bought a new position in shares of Evergy in the fourth quarter worth $27,000. Accredited Wealth Management LLC increased its holdings in shares of Evergy by 1,310.3% in the third quarter. Accredited Wealth Management LLC now owns 409 shares of the company’s stock worth $31,000 after purchasing an additional 380 shares during the period. Triumph Capital Management increased its holdings in shares of Evergy by 104.8% in the fourth quarter. Triumph Capital Management now owns 508 shares of the company’s stock worth $37,000 after purchasing an additional 260 shares during the period. TOWER TRUST & INVESTMENT Co bought a new position in shares of Evergy in the fourth quarter worth $42,000. Finally, Elyxium Wealth LLC bought a new position in shares of Evergy in the fourth quarter worth $43,000. Institutional investors own 87.24% of the company’s stock.

Evergy Stock Up 1.3%

EVRG opened at $83.85 on Friday. The stock has a market cap of $19.33 billion, a PE ratio of 22.24, a P/E/G ratio of 2.15 and a beta of 0.54. The company has a quick ratio of 0.24, a current ratio of 0.45 and a debt-to-equity ratio of 1.29. Evergy Inc. has a 52 week low of $66.19 and a 52 week high of $85.27. The business’s fifty day simple moving average is $82.38 and its 200 day simple moving average is $79.21.

Evergy (NASDAQ:EVRG) last released its earnings results on Thursday, May 7th. The company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.06. The business 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 firm’s revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.54 earnings per share. Evergy has set its FY 2026 guidance at 4.140-4.340 EPS. As a group, research analysts expect that Evergy Inc. will post 4.25 earnings per share for the current fiscal year.

Evergy Announces Dividend

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

Insider Transactions at Evergy

In other Evergy news, Director Sandra Aj Lawrence sold 600 shares of the company’s stock in a transaction dated 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 directly owned 680 shares in the company, valued at $55,358.80. This represents a 46.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders have sold 1,961 shares of company stock worth $161,587 in the last ninety days. Corporate insiders own 1.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on EVRG shares. Citigroup upped their price target on shares of Evergy from $89.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Wall Street Zen raised shares of Evergy from a “sell” rating to a “hold” rating in a report on Saturday, February 21st. Wells Fargo & Company set a $87.00 price target on shares of Evergy in a report on Tuesday, April 21st. Mizuho set a $82.00 price target on shares of Evergy in a report on Monday, February 23rd. Finally, BMO Capital Markets upped their price target on shares of Evergy from $82.00 to $87.00 and gave the stock an “outperform” rating in a report on Monday, February 23rd. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $89.60.

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.