Dockside LLC Purchases Shares of 43,210 Evergy Inc. $EVRG

Dockside LLC purchased a new stake in Evergy Inc. (NASDAQ:EVRG) during the 4th quarter, Holdings Channel reports. The firm purchased 43,210 shares of the company’s stock, valued at approximately $3,132,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Brighton Jones LLC acquired a new position in shares of Evergy during the 4th quarter worth about $257,000. United Services Automobile Association acquired a new position in shares of Evergy during the 1st quarter worth about $223,000. Empowered Funds LLC increased its stake in shares of 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 purchasing an additional 758 shares during the last quarter. Woodline Partners LP increased its stake in shares of 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 purchasing an additional 5,618 shares during the last quarter. Finally, Focus Partners Wealth increased its stake in shares of 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 purchasing an additional 939 shares during the last quarter. 87.24% of the stock is currently owned by institutional investors and hedge funds.

Evergy Stock Performance

Shares of NASDAQ:EVRG opened at $83.85 on Friday. The company’s 50 day moving average price is $82.38 and its two-hundred day moving average price is $79.21. Evergy Inc. has a 12-month low of $66.19 and a 12-month high of $85.27. The firm has a market cap of $19.33 billion, a PE ratio of 22.24, a PEG ratio of 2.18 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 (NASDAQ:EVRG) last issued its 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 firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.27 billion. Evergy had a return on equity of 9.09% and a net margin of 14.63%.The company’s revenue was up 5.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.54 EPS. Evergy has set its FY 2026 guidance at 4.140-4.340 EPS. Equities research 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 paid a dividend of $0.695 per share. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $2.78 annualized dividend and a dividend yield of 3.3%. Evergy’s dividend payout ratio (DPR) is presently 73.74%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Evergy from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. BMO Capital Markets boosted their price objective on shares of Evergy from $82.00 to $87.00 and gave the stock an “outperform” rating in a research note on Monday, February 23rd. Barclays boosted their price objective on shares of Evergy from $82.00 to $89.00 and gave the stock an “overweight” rating in a research note on Monday, March 9th. UBS Group boosted their price objective on shares of Evergy from $88.00 to $91.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Finally, Mizuho set a $82.00 price objective on shares of Evergy in a research note on Monday, February 23rd. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $89.60.

Insider Activity

In other news, Director Sandra Aj Lawrence sold 761 shares of the stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $83.31, for a total transaction of $63,398.91. Following the completion of the sale, the director directly 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have sold a total of 1,961 shares of company stock worth $161,587 over the last ninety days. 1.52% of the stock is currently owned by company insiders.

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.