BW Gestao de Investimentos Ltda. Invests $15.96 Million in Evergy Inc. $EVRG

BW Gestao de Investimentos Ltda. bought a new position in Evergy Inc. (NASDAQ:EVRG) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 220,173 shares of the company’s stock, valued at approximately $15,960,000.

A number of other large investors have also recently made changes to their positions in EVRG. ANTIPODES PARTNERS Ltd bought a new stake in shares of Evergy in the 3rd quarter worth about $72,860,000. Envestnet Asset Management Inc. lifted its position in shares of Evergy by 136.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,003,616 shares of the company’s stock worth $76,295,000 after purchasing an additional 579,531 shares during the period. BROOKFIELD Corp ON purchased a new stake in shares of Evergy in the 2nd quarter worth approximately $29,644,000. Truist Financial Corp lifted its position in Evergy by 28.4% during the fourth quarter. Truist Financial Corp now owns 1,847,410 shares of the company’s stock valued at $133,919,000 after acquiring an additional 408,452 shares during the last quarter. Finally, Cramer Rosenthal Mcglynn LLC purchased a new stake in Evergy during the third quarter valued at approximately $28,358,000. 87.24% of the stock is currently owned by institutional investors.

Evergy Stock Performance

Shares of NASDAQ EVRG opened at $80.39 on Tuesday. The company’s fifty day moving average price is $82.06 and its 200 day moving average price is $78.85. Evergy Inc. has a 1 year low of $64.70 and a 1 year high of $85.27. The company has a market capitalization of $18.53 billion, a PE ratio of 21.32, a price-to-earnings-growth ratio of 2.13 and a beta of 0.55. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.24 and a current ratio of 0.45.

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

Evergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Friday, May 22nd will be issued a dividend of $0.695 per share. This represents a $2.78 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Friday, May 22nd. Evergy’s dividend payout ratio (DPR) is presently 73.74%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Wells Fargo & Company set a $87.00 target price on shares of Evergy in a research report on Tuesday, April 21st. UBS Group upped their price target on shares of Evergy from $88.00 to $91.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Mizuho set a $82.00 price target on shares of Evergy in a research note on Monday, February 23rd. BTIG Research started coverage on shares of Evergy in a research note on Thursday, April 9th. They issued a “buy” rating and a $99.00 price objective on the stock. Finally, Wall Street Zen upgraded shares of Evergy from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Evergy currently has a consensus rating of “Moderate Buy” and an average target price of $89.60.

Insider Buying and Selling at Evergy

In other Evergy news, SVP Charles L. King sold 2,440 shares of the stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $82.19, for a total transaction of $200,543.60. Following the transaction, the senior vice president directly owned 18,359 shares of the company’s stock, valued at $1,508,926.21. This trade represents a 11.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Heather A. Humphrey sold 3,650 shares of the stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $82.61, for a total transaction of $301,526.50. Following the transaction, the senior vice president directly owned 44,007 shares in the company, valued at approximately $3,635,418.27. The trade was a 7.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 7,251 shares of company stock valued at $598,285 over the last ninety days. 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.