Simplicity Wealth LLC Makes New Investment in Evergy Inc. $EVRG

Simplicity Wealth LLC purchased a new stake in Evergy Inc. (NASDAQ:EVRG) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 6,285 shares of the company’s stock, valued at approximately $543,000.

A number of other large investors have also recently added to or reduced their stakes in EVRG. Geode Capital Management LLC grew its holdings in Evergy by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 6,447,150 shares of the company’s stock worth $465,684,000 after purchasing an additional 105,842 shares during the period. Franklin Resources Inc. raised its stake in Evergy by 0.6% in the fourth quarter. Franklin Resources Inc. now owns 6,091,518 shares of the company’s stock valued at $441,574,000 after buying an additional 33,457 shares during the period. Federated Hermes Inc. lifted its position in shares of Evergy by 1.6% in the fourth quarter. Federated Hermes Inc. now owns 3,760,548 shares of the company’s stock valued at $272,602,000 after buying an additional 57,814 shares during the last quarter. Northern Trust Corp lifted its position in shares of Evergy by 10.6% in the third quarter. Northern Trust Corp now owns 2,760,494 shares of the company’s stock valued at $209,853,000 after buying an additional 263,619 shares during the last quarter. Finally, Truist Financial Corp boosted its stake in shares of Evergy by 28.4% during the 4th quarter. Truist Financial Corp now owns 1,847,410 shares of the company’s stock worth $133,919,000 after acquiring an additional 408,452 shares during the period. Institutional investors and hedge funds own 87.24% of the company’s stock.

Insider Activity

In other news, EVP Charles A. Caisley sold 10,787 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $83.46, for a total value of $900,283.02. Following the completion of the transaction, the executive vice president directly owned 37,789 shares in the company, valued at approximately $3,153,869.94. This represents a 22.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 the 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 completion of the transaction, the director 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 SEC filing for this sale provides additional information. In the last three months, insiders have sold 12,748 shares of company stock valued at $1,061,870. Insiders own 1.52% of the company’s stock.

Evergy Price Performance

Shares of NASDAQ EVRG opened at $83.93 on Tuesday. The business has a fifty day moving average price of $84.78 and a two-hundred day moving average price of $82.69. The stock has a market capitalization of $19.35 billion, a PE ratio of 21.30, a P/E/G ratio of 2.18 and a beta of 0.54. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.36 and a quick ratio of 0.21. Evergy Inc. has a fifty-two week low of $70.42 and a fifty-two week high of $88.62.

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

Evergy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Tuesday, August 18th will be issued a dividend of $0.695 per share. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $2.78 dividend on an annualized basis and a dividend yield of 3.3%. Evergy’s payout ratio is 70.56%.

Analysts Set New Price Targets

EVRG has been the subject of several research reports. Barclays raised their price target on Evergy from $89.00 to $94.00 and gave the company an “overweight” rating in a report on Tuesday, June 30th. Citigroup upped their price objective on shares of Evergy from $95.00 to $97.00 and gave the company a “buy” rating in a report on Friday, July 24th. Wells Fargo & Company set a $87.00 price objective on shares of Evergy in a research report on Tuesday, April 21st. UBS Group lifted their target price on shares of Evergy from $88.00 to $91.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Finally, BTIG Research set a $97.00 price target on shares of Evergy in a research note on Thursday, July 23rd. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $90.60.

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.