Bleakley Financial Group LLC Invests $757,000 in Evergy Inc. $EVRG

Bleakley Financial Group LLC bought a new position in Evergy Inc. (NASDAQ:EVRG) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,446 shares of the company’s stock, valued at approximately $757,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC bought a new position in Evergy during the fourth quarter valued at approximately $257,000. United Services Automobile Association purchased a new stake in shares of Evergy in the first quarter worth $223,000. Empowered Funds LLC increased its stake in shares of Evergy by 19.5% in the first quarter. Empowered Funds LLC now owns 4,648 shares of the company’s stock worth $320,000 after purchasing an additional 758 shares in the last quarter. Woodline Partners LP increased its stake in shares of Evergy by 40.7% in the first quarter. Woodline Partners LP now owns 19,429 shares of the company’s stock worth $1,340,000 after purchasing an additional 5,618 shares in the last quarter. Finally, Focus Partners Wealth increased its stake in shares of Evergy by 7.3% in the first quarter. Focus Partners Wealth now owns 13,791 shares of the company’s stock worth $951,000 after purchasing an additional 939 shares in the last quarter. Institutional investors own 87.24% of the company’s stock.

Insider Transactions at Evergy

In related news, SVP Heather A. Humphrey sold 3,650 shares of Evergy stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $82.61, for a total transaction of $301,526.50. Following the completion of the sale, the senior vice president owned 44,007 shares in the company, valued at $3,635,418.27. This trade represents a 7.66% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Charles L. King sold 2,440 shares of Evergy stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $82.19, for a total transaction of $200,543.60. Following the sale, the senior vice president owned 18,359 shares of the company’s stock, valued at $1,508,926.21. The trade was a 11.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.52% of the stock is currently owned by insiders.

Evergy Stock Performance

Shares of NASDAQ:EVRG opened at $82.04 on Friday. Evergy Inc. has a 52 week low of $64.70 and a 52 week high of $85.27. The stock has a market capitalization of $18.91 billion, a P/E ratio of 21.76, a PEG ratio of 2.15 and a beta of 0.56. The firm has a fifty day simple moving average of $82.08 and a two-hundred day simple moving average of $78.81. The company has a quick ratio of 0.24, a current ratio of 0.45 and a debt-to-equity ratio of 1.29.

Evergy (NASDAQ:EVRG) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.69 EPS 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 business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same period last year, the company posted $0.54 EPS. The business’s revenue was up 5.0% on a year-over-year basis. Evergy has set its FY 2026 guidance at 4.140-4.340 EPS. On average, analysts expect that Evergy Inc. will post 4.25 earnings per share for the current fiscal year.

Evergy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Friday, May 22nd will be paid a dividend of $0.695 per share. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $2.78 dividend on an annualized basis and a dividend yield of 3.4%. Evergy’s payout ratio is currently 73.74%.

Analysts Set New Price Targets

EVRG has been the subject of a number of analyst reports. Citigroup increased their price objective on shares of Evergy from $89.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. Wells Fargo & Company set a $87.00 price objective on shares of Evergy in a research note on Tuesday, April 21st. Barclays increased their price objective on shares of Evergy from $82.00 to $89.00 and gave the stock an “overweight” rating in a research note on Monday, March 9th. Weiss Ratings raised shares of Evergy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 11th. Finally, Bank of America reduced their price objective on shares of Evergy from $89.00 to $88.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $89.60.

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.