MQS Management LLC Purchases Shares of 7,530 Evergy Inc. $EVRG

MQS Management LLC purchased a new stake in shares of Evergy Inc. (NASDAQ:EVRG) in the fourth quarter, Holdings Channel.com reports. The firm purchased 7,530 shares of the company’s stock, valued at approximately $546,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Advisory Alpha LLC boosted its stake in Evergy by 6.6% during the 4th quarter. Advisory Alpha LLC now owns 3,519 shares of the company’s stock valued at $255,000 after purchasing an additional 219 shares during the last quarter. Kingdom Financial Group LLC. purchased a new position in shares of Evergy in the 4th quarter worth approximately $314,000. Global Retirement Partners LLC boosted its stake in shares of Evergy by 148.1% in the 4th quarter. Global Retirement Partners LLC now owns 6,373 shares of the company’s stock worth $462,000 after buying an additional 3,804 shares during the last quarter. Prevail Innovative Wealth Advisors LLC boosted its stake in shares of Evergy by 14.0% in the 4th quarter. Prevail Innovative Wealth Advisors LLC now owns 24,726 shares of the company’s stock worth $1,792,000 after buying an additional 3,033 shares during the last quarter. Finally, Sierra Summit Advisors LLC boosted its stake in shares of Evergy by 2.1% in the 4th quarter. Sierra Summit Advisors LLC now owns 12,758 shares of the company’s stock worth $925,000 after buying an additional 258 shares during the last quarter. Institutional investors and hedge funds own 87.24% of the company’s stock.

Evergy Trading Up 0.3%

NASDAQ:EVRG opened at $83.94 on Friday. The company has a current ratio of 0.45, a quick ratio of 0.24 and a debt-to-equity ratio of 1.29. The stock has a market capitalization of $19.35 billion, a PE ratio of 22.27, a price-to-earnings-growth ratio of 2.17 and a beta of 0.56. The firm’s 50 day moving average is $81.97 and its 200 day moving average is $78.57. Evergy Inc. has a 12 month low of $64.70 and a 12 month high of $85.27.

Evergy (NASDAQ:EVRG) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.06. The company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.27 billion. Evergy had a net margin of 14.63% and a return on equity of 9.09%. Evergy’s revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.54 EPS. Evergy has set its FY 2026 guidance at 4.140-4.340 EPS. Sell-side analysts expect that Evergy Inc. will post 4.25 earnings per share for the current year.

Evergy Dividend Announcement

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

Analyst Upgrades and Downgrades

EVRG has been the topic of a number of research analyst reports. Wells Fargo & Company set a $87.00 target price on Evergy in a research note on Tuesday, April 21st. Mizuho set a $82.00 target price on Evergy in a research note on Monday, February 23rd. Citigroup boosted their target price on Evergy from $89.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. UBS Group boosted their target price on Evergy from $88.00 to $91.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Finally, Weiss Ratings upgraded Evergy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 11th. Eight investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Evergy has an average rating of “Moderate Buy” and a consensus target price of $89.60.

Insider Buying and Selling

In related news, SVP Heather A. Humphrey sold 3,650 shares of Evergy stock in a transaction that occurred 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 of the company’s stock, valued at approximately $3,635,418.27. The trade was a 7.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ann D. Murtlow sold 2,847 shares of Evergy stock in a transaction that occurred 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 completion of the sale, the director directly owned 2,311 shares in the company, valued at $190,287.74. This trade represents a 55.20% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 8,937 shares of company stock valued at $736,492. 1.52% of the stock is 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.