Aigen Investment Management LP Purchases New Position in Evergy Inc. $EVRG

Aigen Investment Management LP purchased a new stake in shares of Evergy Inc. (NASDAQ:EVRG) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,671 shares of the company’s stock, valued at approximately $556,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Kestra Advisory Services LLC boosted its stake in Evergy by 9.3% during the fourth quarter. Kestra Advisory Services LLC now owns 15,705 shares of the company’s stock valued at $1,138,000 after buying an additional 1,340 shares during the last quarter. Burton Enright Welch bought a new stake in shares of Evergy in the 4th quarter valued at approximately $211,000. Transamerica Financial Advisors LLC lifted its stake in shares of Evergy by 163.2% in the 4th quarter. Transamerica Financial Advisors LLC now owns 529 shares of the company’s stock valued at $38,000 after purchasing an additional 328 shares during the last quarter. Bridgewater Associates LP bought a new stake in shares of Evergy in the 4th quarter valued at approximately $7,888,000. Finally, Stifel Financial Corp lifted its stake in shares of Evergy by 1.5% in the 4th quarter. Stifel Financial Corp now owns 322,420 shares of the company’s stock valued at $23,373,000 after purchasing an additional 4,902 shares during the last quarter. 87.24% of the stock is owned by institutional investors.

Evergy Trading Down 0.5%

Shares of NASDAQ EVRG opened at $83.44 on Tuesday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.24 and a current ratio of 0.45. The business’s 50 day moving average price is $82.39 and its 200-day moving average price is $79.27. Evergy Inc. has a fifty-two week low of $66.19 and a fifty-two week high of $85.27. The company has a market cap of $19.23 billion, a price-to-earnings ratio of 22.13, a PEG ratio of 2.18 and a beta of 0.55.

Evergy (NASDAQ:EVRG) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.06. Evergy had a return on equity of 9.09% and a net margin of 14.63%.The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same period in the prior year, the business posted $0.54 earnings per share. The company’s revenue for the quarter 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, sell-side analysts expect that Evergy Inc. will post 4.25 earnings per share for the current year.

Evergy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, May 22nd will be issued a $0.695 dividend. This represents a $2.78 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Friday, May 22nd. Evergy’s dividend payout ratio is presently 73.74%.

Insider Buying and Selling at Evergy

In other news, 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 in the company, valued at approximately $55,358.80. This represents a 46.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold 1,961 shares of company stock valued at $161,587 in the last quarter. Corporate insiders own 1.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Bank of America lowered 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. Mizuho set a $82.00 price objective on Evergy in a research note on Monday, February 23rd. Wall Street Zen raised Evergy from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. Weiss Ratings raised Evergy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 11th. Finally, Citigroup raised their price objective on Evergy from $89.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, February 20th. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $89.60.

Evergy Company 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.