Bokf Na Cuts Holdings in Evergy Inc. $EVRG

Bokf Na trimmed its holdings in shares of Evergy Inc. (NASDAQ:EVRG) by 92.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,813 shares of the company’s stock after selling 20,772 shares during the period. Bokf Na’s holdings in Evergy were worth $131,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Franklin Resources Inc. increased its stake in Evergy by 4.3% in the 3rd quarter. Franklin Resources Inc. now owns 6,058,061 shares of the company’s stock valued at $460,534,000 after purchasing an additional 251,027 shares in the last quarter. Federated Hermes Inc. increased its stake in Evergy by 0.5% in the 3rd quarter. Federated Hermes Inc. now owns 3,702,734 shares of the company’s stock valued at $281,482,000 after purchasing an additional 17,592 shares in the last quarter. Northern Trust Corp increased its stake in Evergy by 10.6% in the 3rd quarter. Northern Trust Corp now owns 2,760,494 shares of the company’s stock valued at $209,853,000 after purchasing an additional 263,619 shares in the last quarter. Magellan Asset Management Ltd increased its stake in Evergy by 3.4% in the 3rd quarter. Magellan Asset Management Ltd now owns 2,444,381 shares of the company’s stock valued at $185,822,000 after purchasing an additional 79,888 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in Evergy by 346.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,046,787 shares of the company’s stock valued at $155,597,000 after purchasing an additional 1,588,100 shares in the last quarter. 87.24% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Evergy

In other Evergy news, Director Ann D. Murtlow sold 2,847 shares of the stock in a transaction 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 in the company, valued at approximately $190,287.74. This represents a 55.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Heather A. Humphrey sold 3,650 shares of the stock in a transaction 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 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. In the last 90 days, insiders have sold 8,937 shares of company stock worth $736,492. 1.52% of the stock is owned by insiders.

Key Headlines Impacting Evergy

Here are the key news stories impacting Evergy this week:

• Positive Sentiment: Evergy beat first-quarter expectations, reporting adjusted EPS of $0.69 versus the $0.63 consensus and revenue of $1.44 billion versus $1.27 billion expected, supported by stronger demand and recovery in regulated investments. Reuters article
• Positive Sentiment: The company announced a new large customer, which could help future revenue growth and improve investor sentiment around load growth. AP/Bakersfield article
• Positive Sentiment: Evergy reaffirmed 2026 EPS guidance of $4.14 to $4.34, which suggests management still sees stable earnings growth ahead. AP/Bakersfield article
• Positive Sentiment: The board declared a quarterly dividend of $0.695 per share, reinforcing Evergy’s appeal as an income stock with an annualized yield of about 3.4%.
• Neutral Sentiment: Evergy’s higher interest expense was a headwind in the quarter, rising 14.4% year over year, which may temper enthusiasm despite the earnings beat. Zacks article

Evergy Price Performance

Shares of NASDAQ:EVRG opened at $81.78 on Monday. The business’s fifty day moving average price is $82.07 and its two-hundred day moving average price is $78.20. The stock has a market cap of $18.85 billion, a PE ratio of 21.69, a price-to-earnings-growth ratio of 2.12 and a beta of 0.56. 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 Inc. has a one year low of $63.29 and a one year high of $85.27.

Evergy (NASDAQ:EVRG) last announced 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 firm 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%.Evergy’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.54 EPS. Evergy has set its FY 2026 guidance at 4.140-4.340 EPS. On average, analysts forecast that Evergy Inc. will post 4.25 EPS for the current fiscal year.

Evergy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders 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 yield of 3.4%. The ex-dividend date is Friday, May 22nd. Evergy’s dividend payout ratio is 73.74%.

Analysts Set New Price Targets

EVRG has been the subject of several research analyst reports. Wells Fargo & Company set a $87.00 price objective on Evergy in a research note on Tuesday, April 21st. Bank of America dropped their price objective on Evergy from $89.00 to $88.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $91.00 price objective on shares of Evergy in a research note on Friday, January 23rd. UBS Group raised their price objective on Evergy from $88.00 to $91.00 and gave the company a “neutral” rating in a research note on Friday. Finally, Wall Street Zen raised Evergy from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average 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.