BI Asset Management Fondsmaeglerselskab A S Buys 9,605 Shares of Evergy Inc. $EVRG

BI Asset Management Fondsmaeglerselskab A S raised its stake in shares of Evergy Inc. (NASDAQ:EVRG) by 61.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 25,157 shares of the company’s stock after acquiring an additional 9,605 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Evergy were worth $1,823,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Allspring Global Investments Holdings LLC lifted its stake in Evergy by 0.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 24,981 shares of the company’s stock valued at $1,826,000 after acquiring an additional 140 shares during the period. Moneta Group Investment Advisors LLC lifted its stake in shares of Evergy by 0.3% in the 3rd quarter. Moneta Group Investment Advisors LLC now owns 46,972 shares of the company’s stock worth $3,571,000 after purchasing an additional 145 shares during the period. Cary Street Partners Investment Advisory LLC lifted its stake in shares of Evergy by 17.7% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 979 shares of the company’s stock worth $74,000 after purchasing an additional 147 shares during the period. Modern Wealth Management LLC lifted its stake in shares of Evergy by 1.9% in the 3rd quarter. Modern Wealth Management LLC now owns 7,926 shares of the company’s stock worth $603,000 after purchasing an additional 148 shares during the period. Finally, Composition Wealth LLC lifted its stake in shares of Evergy by 3.9% in the 4th quarter. Composition Wealth LLC now owns 3,920 shares of the company’s stock worth $284,000 after purchasing an additional 148 shares during the period. Institutional investors own 87.24% of the company’s stock.

Insider Activity at Evergy

In related news, Director Sandra Aj Lawrence sold 600 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $81.41, for a total value of $48,846.00. Following the completion of the transaction, the director directly owned 680 shares of the company’s stock, valued at approximately $55,358.80. This trade represents a 46.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Charles L. King sold 2,440 shares of the firm’s 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 completion of the transaction, the senior vice president directly owned 18,359 shares of the company’s stock, valued at approximately $1,508,926.21. This trade represents a 11.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 4,401 shares of company stock worth $362,131. Company insiders own 1.52% of the company’s stock.

Evergy Price Performance

NASDAQ EVRG opened at $82.27 on Wednesday. Evergy Inc. has a 12 month low of $66.19 and a 12 month high of $85.27. The stock has a market cap of $18.96 billion, a price-to-earnings ratio of 21.82, a PEG ratio of 2.12 and a beta of 0.54. The company’s 50 day moving average is $82.31 and its two-hundred day moving average is $79.08. The company has a current ratio of 0.45, a quick ratio of 0.24 and a debt-to-equity ratio of 1.29.

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

Evergy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, May 22nd will be given a dividend of $0.695 per share. The ex-dividend date is Friday, May 22nd. This represents a $2.78 annualized dividend and a dividend yield of 3.4%. Evergy’s dividend payout ratio (DPR) is presently 73.74%.

Wall Street Analyst Weigh In

EVRG has been the subject of a number of research reports. Barclays upped their target price on shares of Evergy from $82.00 to $89.00 and gave the company an “overweight” rating in a report on Monday, March 9th. UBS Group upped their price objective on Evergy from $88.00 to $91.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Wells Fargo & Company set a $87.00 price objective on Evergy in a research note on Tuesday, April 21st. Bank of America reduced their price objective on Evergy from $89.00 to $88.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. Finally, Weiss Ratings upgraded Evergy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 11th. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Evergy currently has an average rating of “Moderate Buy” and an average 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.