Bryn Mawr Trust Advisors LLC Takes $11.06 Million Position in Evergy Inc. $EVRG

Bryn Mawr Trust Advisors LLC acquired a new position in shares of Evergy Inc. (NASDAQ:EVRG) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 127,955 shares of the company’s stock, valued at approximately $11,058,000.

A number of other hedge funds have also modified their holdings of EVRG. Brighton Jones LLC bought a new stake in Evergy in the 4th quarter valued at approximately $257,000. United Services Automobile Association acquired a new position in Evergy during the 1st quarter worth approximately $223,000. Empowered Funds LLC grew its stake in shares of Evergy by 19.5% during the 1st quarter. Empowered Funds LLC now owns 4,648 shares of the company’s stock worth $320,000 after acquiring an additional 758 shares in the last quarter. Woodline Partners LP grew its stake in shares of Evergy by 40.7% during the 1st quarter. Woodline Partners LP now owns 19,429 shares of the company’s stock worth $1,340,000 after acquiring an additional 5,618 shares in the last quarter. Finally, Focus Partners Wealth raised its holdings in shares of 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 purchasing an additional 939 shares during the last quarter. 87.24% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

EVRG has been the topic of a number of research reports. Barclays boosted their price objective on shares of Evergy from $89.00 to $94.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 30th. Citigroup lifted their price target on shares of Evergy from $95.00 to $97.00 and gave the company a “buy” rating in a research note on Friday, July 24th. BTIG Research set a $97.00 price target on shares of Evergy in a research report on Thursday, July 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Evergy in a research note on Friday, August 7th. Finally, Wells Fargo & Company set a $87.00 price objective on Evergy in a report on Tuesday, April 21st. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Evergy has a consensus rating of “Moderate Buy” and a consensus target price of $90.60.

Evergy Trading Up 0.6%

Shares of Evergy stock opened at $84.03 on Friday. Evergy Inc. has a 12-month low of $70.42 and a 12-month high of $88.62. The stock has a market cap of $19.37 billion, a P/E ratio of 21.33, a P/E/G ratio of 2.17 and a beta of 0.54. The company has a quick ratio of 0.21, a current ratio of 0.36 and a debt-to-equity ratio of 1.20. The business’s 50 day moving average is $84.74 and its 200-day moving average is $82.60.

Evergy (NASDAQ:EVRG) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.81 by $0.07. Evergy had a return on equity of 9.20% and a net margin of 15.19%.The company had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the prior year, the firm posted $0.82 EPS. Evergy has set its FY 2026 guidance at 4.140-4.340 EPS. Equities research analysts predict that Evergy Inc. will post 4.25 earnings per share for the current fiscal year.

Evergy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Tuesday, August 18th will be paid a $0.695 dividend. The ex-dividend date is Tuesday, August 18th. This represents a $2.78 dividend on an annualized basis and a yield of 3.3%. Evergy’s dividend payout ratio (DPR) is currently 70.56%.

Insiders Place Their Bets

In other news, EVP Charles A. Caisley sold 10,787 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $83.46, for a total transaction of $900,283.02. Following the transaction, the executive vice president directly owned 37,789 shares in the company, valued at $3,153,869.94. The trade was a 22.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $81.41, for a total transaction of $48,846.00. Following the completion of the sale, the director directly owned 680 shares in the company, valued at approximately $55,358.80. The trade was a 46.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 12,748 shares of company stock valued at $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.