OneDigital Investment Advisors LLC Takes Position in Evergy Inc. $EVRG

OneDigital Investment Advisors LLC bought a new stake in Evergy Inc. (NASDAQ:EVRG) in the second quarter, HoldingsChannel.com reports. The firm bought 12,133 shares of the company’s stock, valued at approximately $1,049,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kestra Advisory Services LLC increased its holdings in Evergy by 0.8% during the 1st quarter. Kestra Advisory Services LLC now owns 15,829 shares of the company’s stock worth $1,297,000 after purchasing an additional 124 shares during the period. Trilogy Capital Inc. boosted its stake in shares of Evergy by 0.3% in the 2nd quarter. Trilogy Capital Inc. now owns 47,210 shares of the company’s stock valued at $4,080,000 after buying an additional 125 shares during the period. Retirement Planning Group LLC boosted its stake in shares of Evergy by 0.6% in the 1st quarter. Retirement Planning Group LLC now owns 23,659 shares of the company’s stock valued at $1,938,000 after buying an additional 137 shares during the period. Earned Wealth Advisors LLC grew its position in shares of Evergy by 4.9% during the first quarter. Earned Wealth Advisors LLC now owns 2,946 shares of the company’s stock worth $241,000 after buying an additional 137 shares in the last quarter. Finally, Optiver Holding B.V. grew its position in shares of Evergy by 14.5% during the first quarter. Optiver Holding B.V. now owns 1,107 shares of the company’s stock worth $91,000 after buying an additional 140 shares in the last quarter. 87.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Charles A. Caisley sold 10,787 shares of the 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 completion of the sale, the executive vice president owned 37,789 shares in the company, valued at approximately $3,153,869.94. This represents a 22.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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 stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $81.41, for a total value of $48,846.00. Following the sale, the director directly owned 680 shares of the company’s stock, valued at $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. 1.52% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

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

Evergy Stock Down 0.1%

EVRG opened at $83.93 on Tuesday. The business’s 50-day simple moving average is $84.78 and its 200-day simple moving average is $82.69. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.21 and a current ratio of 0.36. Evergy Inc. has a one year low of $70.42 and a one year high of $88.62. The stock has a market capitalization of $19.35 billion, a P/E ratio of 21.30, a price-to-earnings-growth ratio of 2.18 and a beta of 0.54.

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

Evergy Dividend Announcement

The company also recently disclosed 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 payout ratio is currently 70.56%.

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.