Evergy Inc. $EVRG Shares Sold by Aventail Capital Group LP

Aventail Capital Group LP decreased its position in Evergy Inc. (NASDAQ:EVRG) by 33.5% during the 4th quarter, Holdings Channel reports. The fund owned 113,923 shares of the company’s stock after selling 57,362 shares during the quarter. Aventail Capital Group LP’s holdings in Evergy were worth $8,258,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. ANTIPODES PARTNERS Ltd acquired a new stake in Evergy in the third quarter valued at approximately $72,860,000. Orion Porfolio Solutions LLC raised its holdings in Evergy by 32.5% in the third quarter. Orion Porfolio Solutions LLC now owns 83,233 shares of the company’s stock valued at $6,327,000 after acquiring an additional 20,395 shares in the last quarter. Goelzer Investment Management Inc. acquired a new stake in Evergy in the fourth quarter valued at approximately $1,073,000. Cullen Frost Bankers Inc. raised its holdings in Evergy by 4.9% during the fourth quarter. Cullen Frost Bankers Inc. now owns 316,511 shares of the company’s stock worth $22,944,000 after purchasing an additional 14,907 shares in the last quarter. Finally, Assetmark Inc. raised its holdings in Evergy by 41.5% during the third quarter. Assetmark Inc. now owns 52,427 shares of the company’s stock worth $3,986,000 after purchasing an additional 15,379 shares in the last quarter. Institutional investors and hedge funds own 87.24% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on EVRG. UBS Group raised their price objective on shares of Evergy from $88.00 to $91.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Wall Street Zen raised shares of Evergy from a “sell” rating to a “hold” rating in a report on Saturday, February 21st. Wells Fargo & Company set a $87.00 price objective on shares of Evergy in a report on Tuesday, April 21st. Mizuho set a $82.00 price objective on shares of Evergy in a report on Monday, February 23rd. Finally, Weiss Ratings raised shares of Evergy from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 11th. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $89.60.

Evergy Stock Down 1.3%

EVRG stock opened at $82.85 on Thursday. 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 cap of $19.10 billion, a P/E ratio of 21.98, a PEG ratio of 2.18 and a beta of 0.54. The company’s 50 day moving average is $82.42 and its two-hundred day moving average is $79.36. Evergy Inc. has a twelve month low of $66.19 and a twelve month high of $85.27.

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

Evergy Dividend Announcement

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 given a dividend of $0.695 per share. This represents a $2.78 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Friday, May 22nd. Evergy’s payout ratio is presently 73.74%.

Insider Buying and Selling at Evergy

In other Evergy news, EVP Charles A. Caisley sold 10,787 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $83.46, for a total transaction of $900,283.02. Following the sale, the executive vice president directly owned 37,789 shares in the company, valued at approximately $3,153,869.94. The trade was a 22.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Sandra Aj Lawrence sold 600 shares of the business’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $81.41, for a total transaction of $48,846.00. Following the sale, the director owned 680 shares in the company, valued at $55,358.80. The trade was a 46.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 12,748 shares of company stock worth $1,061,870 over the last 90 days. Insiders own 1.52% of the company’s stock.

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.