Assenagon Asset Management S.A. Sells 46,198 Shares of Evergy Inc. $EVRG

Assenagon Asset Management S.A. lowered its holdings in Evergy Inc. (NASDAQ:EVRG) by 37.9% during the 1st quarter, Holdings Channel reports. The firm owned 75,803 shares of the company’s stock after selling 46,198 shares during the period. Assenagon Asset Management S.A.’s holdings in Evergy were worth $6,210,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. MidFirst Bank purchased a new position in shares of Evergy in the 4th quarter worth about $25,000. Harbor Capital Advisors Inc. purchased a new stake in Evergy during the fourth quarter worth about $27,000. Accredited Wealth Management LLC increased its holdings in Evergy by 1,310.3% during the third quarter. Accredited Wealth Management LLC now owns 409 shares of the company’s stock worth $31,000 after buying an additional 380 shares during the last quarter. Prosperity Bancshares Inc bought a new stake in Evergy in the fourth quarter worth about $32,000. Finally, Triumph Capital Management raised its position in Evergy by 104.8% in the fourth quarter. Triumph Capital Management now owns 508 shares of the company’s stock worth $37,000 after acquiring an additional 260 shares during the period. Institutional investors own 87.24% of the company’s stock.

Evergy Price Performance

NASDAQ EVRG opened at $87.23 on Monday. The company has a market cap of $20.11 billion, a PE ratio of 23.14, a price-to-earnings-growth ratio of 2.26 and a beta of 0.55. Evergy Inc. has a 52 week low of $67.30 and a 52 week high of $87.57. The company has a quick ratio of 0.24, a current ratio of 0.45 and a debt-to-equity ratio of 1.29. The firm’s 50-day simple moving average is $82.67 and its two-hundred day simple moving average is $79.86.

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

Evergy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Friday, May 22nd were issued a $0.695 dividend. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $2.78 annualized dividend and a yield of 3.2%. Evergy’s dividend payout ratio (DPR) is 73.74%.

Insider Activity at Evergy

In related news, EVP Charles A. Caisley sold 10,787 shares of Evergy stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $83.46, for a total value of $900,283.02. Following the completion of the transaction, the executive vice president directly owned 37,789 shares in the company, valued at approximately $3,153,869.94. The trade was a 22.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Sandra Aj Lawrence sold 761 shares of the business’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $83.31, for a total transaction of $63,398.91. Following the sale, the director directly owned 1,680 shares in the company, valued at $139,960.80. The trade was a 31.18% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 12,748 shares of company stock valued at $1,061,870. 1.52% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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