Evergy (NASDAQ:EVRG) Director Sandra Aj Lawrence Sells 761 Shares

Evergy Inc. (NASDAQ:EVRG) Director Sandra Aj Lawrence sold 761 shares of the firm’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $83.31, for a total value of $63,398.91. Following the completion of the sale, the director directly owned 1,680 shares of the company’s stock, valued at $139,960.80. This represents a 31.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Sandra Aj Lawrence also recently made the following trade(s):

• On Friday, May 29th, Sandra Aj Lawrence sold 400 shares of Evergy stock. The stock was sold at an average price of $82.04, for a total value of $32,816.00.

Evergy Stock Performance

NASDAQ:EVRG opened at $80.39 on Tuesday. Evergy Inc. has a 1 year low of $64.70 and a 1 year high of $85.27. The business has a fifty day simple moving average of $82.06 and a two-hundred day simple moving average of $78.85. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.45 and a quick ratio of 0.24. The company has a market capitalization of $18.53 billion, a P/E ratio of 21.32, a P/E/G ratio of 2.13 and a beta of 0.55.

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. Evergy had a return on equity of 9.09% and a net margin of 14.63%.The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same period last year, the company earned $0.54 earnings per share. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. Evergy has set its FY 2026 guidance at 4.140-4.340 EPS. On average, analysts expect that Evergy Inc. will post 4.25 earnings per share for the current year.

Evergy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders 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 3.5%. The ex-dividend date of this dividend is Friday, May 22nd. Evergy’s dividend payout ratio (DPR) is presently 73.74%.

Hedge Funds Weigh In On Evergy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Alpine Woods Capital Investors LLC lifted its position in Evergy by 13.4% in the 1st quarter. Alpine Woods Capital Investors LLC now owns 75,695 shares of the company’s stock valued at $6,201,000 after acquiring an additional 8,966 shares in the last quarter. Western Wealth Management LLC purchased a new stake in shares of Evergy in the 1st quarter worth $116,000. Edgestream Partners L.P. increased its stake in Evergy by 15.7% in the 1st quarter. Edgestream Partners L.P. now owns 184,292 shares of the company’s stock worth $15,097,000 after buying an additional 25,065 shares in the last quarter. Janus Henderson Group PLC increased its stake in Evergy by 60.5% in the 1st quarter. Janus Henderson Group PLC now owns 19,832 shares of the company’s stock worth $1,624,000 after buying an additional 7,477 shares in the last quarter. Finally, Bull Harbor Capital LLC purchased a new stake in Evergy in the 1st quarter worth $290,000. 87.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. BMO Capital Markets lifted their price objective on Evergy from $82.00 to $87.00 and gave the company an “outperform” rating in a research note on Monday, February 23rd. Mizuho set a $82.00 price objective on Evergy in a report on Monday, February 23rd. Barclays lifted their price objective on Evergy from $82.00 to $89.00 and gave the stock an “overweight” rating in a report on Monday, March 9th. Weiss Ratings upgraded Evergy from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 11th. Finally, BTIG Research began coverage on Evergy in a report on Thursday, April 9th. They set a “buy” rating and a $99.00 price target on the stock. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Evergy currently has a consensus rating of “Moderate Buy” and a consensus target price 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.