Evergy Inc. $EVRG Shares Sold by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. lessened its holdings in shares of Evergy Inc. (NASDAQ:EVRG) by 5.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,771,842 shares of the company’s stock after selling 98,788 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Evergy were worth $128,441,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC acquired a new stake in Evergy in the fourth quarter valued at approximately $257,000. United Services Automobile Association acquired a new stake in Evergy in the first quarter valued at approximately $223,000. Empowered Funds LLC grew its position in Evergy by 19.5% in the first quarter. Empowered Funds LLC now owns 4,648 shares of the company’s stock valued at $320,000 after acquiring an additional 758 shares in the last quarter. Woodline Partners LP grew its position in Evergy by 40.7% in the first quarter. Woodline Partners LP now owns 19,429 shares of the company’s stock valued at $1,340,000 after acquiring an additional 5,618 shares in the last quarter. Finally, Focus Partners Wealth grew its position in Evergy by 7.3% in the first quarter. Focus Partners Wealth now owns 13,791 shares of the company’s stock valued at $951,000 after acquiring an additional 939 shares in the last quarter. Institutional investors and hedge funds own 87.24% of the company’s stock.

Wall Street Analyst Weigh In

EVRG has been the subject of several recent research reports. Wells Fargo & Company set a $87.00 price objective on shares of Evergy in a research report on Tuesday, April 21st. BMO Capital Markets increased their price objective on shares of Evergy from $82.00 to $87.00 and gave the company an “outperform” rating in a research report on Monday, February 23rd. BTIG Research assumed coverage on Evergy in a research note on Thursday, April 9th. They set a “buy” rating and a $99.00 target price for the company. Weiss Ratings upgraded Evergy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 11th. Finally, Mizuho set a $82.00 price objective on Evergy in a research note on Monday, February 23rd. Eight equities 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, the stock has an average rating of “Moderate Buy” and a consensus price target of $89.60.

Insider Transactions at Evergy

In related news, SVP Charles L. King sold 2,440 shares of Evergy stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $82.19, for a total transaction of $200,543.60. Following the transaction, the senior vice president directly owned 18,359 shares of the company’s stock, valued at $1,508,926.21. The trade was a 11.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sandra Aj Lawrence sold 761 shares of Evergy stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $83.31, for a total value of $63,398.91. Following the transaction, the director directly owned 1,680 shares in the company, valued at approximately $139,960.80. The trade was a 31.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 4,401 shares of company stock worth $362,131. 1.52% of the stock is owned by corporate insiders.

Evergy Price Performance

Shares of EVRG opened at $81.69 on Tuesday. The firm has a market capitalization of $18.83 billion, a price-to-earnings ratio of 21.67, a price-to-earnings-growth ratio of 2.16 and a beta of 0.55. 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 $65.25 and a one year high of $85.27. The stock’s fifty day moving average is $82.28 and its 200-day moving average is $79.03.

Evergy (NASDAQ:EVRG) last issued its quarterly 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 company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.27 billion. Evergy had a return on equity of 9.09% and a net margin of 14.63%.The company’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period last year, the company earned $0.54 earnings per share. Evergy has set its FY 2026 guidance at 4.140-4.340 EPS. Equities analysts anticipate that Evergy Inc. will post 4.25 EPS for the current year.

Evergy Dividend Announcement

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 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 of this dividend is Friday, May 22nd. Evergy’s payout ratio is presently 73.74%.

Evergy 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.