Ground Swell Capital LLC Buys Shares of 9,741 Evergy Inc. $EVRG

Ground Swell Capital LLC bought a new stake in Evergy Inc. (NASDAQ:EVRG) during the 1st quarter, Holdings Channel reports. The fund bought 9,741 shares of the company’s stock, valued at approximately $798,000. Evergy accounts for about 1.6% of Ground Swell Capital LLC’s investment portfolio, making the stock its 10th largest holding.

Several other institutional investors also recently modified their holdings of the business. MidFirst Bank acquired a new position in Evergy in the fourth quarter valued at approximately $25,000. Harbor Capital Advisors Inc. acquired a new stake in Evergy during the 4th quarter worth $27,000. Accredited Wealth Management LLC grew its holdings in Evergy by 1,310.3% during the 3rd quarter. Accredited Wealth Management LLC now owns 409 shares of the company’s stock worth $31,000 after acquiring an additional 380 shares during the period. Prosperity Bancshares Inc bought a new stake in shares of Evergy during the 4th quarter valued at $32,000. Finally, Triumph Capital Management raised its position in shares of Evergy by 104.8% during the 4th quarter. Triumph Capital Management now owns 508 shares of the company’s stock valued at $37,000 after acquiring an additional 260 shares during the last quarter. Institutional investors and hedge funds own 87.24% of the company’s stock.

Evergy Stock Up 0.7%

Shares of NASDAQ:EVRG opened at $87.23 on Friday. The company has a 50 day moving average price of $82.67 and a two-hundred day moving average price of $79.81. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.24 and a current ratio of 0.45. The company has a market capitalization of $20.11 billion, a PE ratio of 23.14, a PEG ratio of 2.25 and a beta of 0.54. Evergy Inc. has a 52 week low of $67.30 and a 52 week high of $87.57.

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

Evergy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, May 22nd were issued a dividend of $0.695 per share. The ex-dividend date was Friday, May 22nd. This represents a $2.78 annualized dividend and a yield of 3.2%. Evergy’s payout ratio is currently 73.74%.

Analyst Ratings Changes

EVRG has been the topic of a number of analyst reports. Wells Fargo & Company set a $87.00 price target on Evergy in a research note on Tuesday, April 21st. Bank of America decreased 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. Barclays upped their price objective on Evergy from $82.00 to $89.00 and gave the company an “overweight” rating in a report on Monday, March 9th. BTIG Research initiated coverage on Evergy in a research note on Thursday, April 9th. They issued a “buy” rating and a $99.00 target price on the stock. Finally, UBS Group raised their target price on Evergy from $88.00 to $91.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $89.60.

Insider Activity

In other news, EVP Charles A. Caisley sold 10,787 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $83.46, for a total transaction of $900,283.02. Following the sale, the executive vice president owned 37,789 shares of the company’s stock, valued at $3,153,869.94. This trade represents a 22.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Sandra Aj Lawrence sold 761 shares of Evergy stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $83.31, for a total value of $63,398.91. Following the transaction, the director owned 1,680 shares in the company, valued at $139,960.80. This trade represents a 31.18% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 12,748 shares of company stock worth $1,061,870. Corporate 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.