Aware Super Pty Ltd as trustee of Aware Super Purchases New Holdings in Evergy Inc. $EVRG

Aware Super Pty Ltd as trustee of Aware Super acquired a new stake in shares of Evergy Inc. (NASDAQ:EVRG) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 10,030 shares of the company’s stock, valued at approximately $822,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC grew its stake in shares of Evergy by 0.8% in the 1st quarter. Kestra Advisory Services LLC now owns 15,829 shares of the company’s stock valued at $1,297,000 after purchasing an additional 124 shares during the last quarter. Retirement Planning Group LLC increased its stake in Evergy by 0.6% in the 1st quarter. Retirement Planning Group LLC now owns 23,659 shares of the company’s stock valued at $1,938,000 after buying an additional 137 shares during the period. Allspring Global Investments Holdings LLC increased its stake in Evergy by 0.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 24,981 shares of the company’s stock valued at $1,826,000 after buying an additional 140 shares during the period. Hilltop Holdings Inc. raised its position in Evergy by 1.6% during the 4th quarter. Hilltop Holdings Inc. now owns 8,990 shares of the company’s stock worth $652,000 after buying an additional 142 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC raised its position in Evergy by 0.3% during the 3rd quarter. Moneta Group Investment Advisors LLC now owns 46,972 shares of the company’s stock worth $3,571,000 after buying an additional 145 shares during the last quarter. 87.24% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Charles A. Caisley sold 10,787 shares of Evergy stock in a transaction on Monday, June 15th. The stock was sold at an average price of $83.46, for a total transaction of $900,283.02. Following the completion of the transaction, the executive vice president directly owned 37,789 shares of the company’s stock, valued at approximately $3,153,869.94. The trade was a 22.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Sandra Aj Lawrence sold 600 shares of the business’s stock in a transaction 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 owned 680 shares in the company, valued at approximately $55,358.80. The trade was a 46.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 12,748 shares of company stock worth $1,061,870. Insiders own 1.52% of the company’s stock.

Evergy Stock Down 1.1%

EVRG stock opened at $85.59 on Friday. The company has a market cap of $19.73 billion, a P/E ratio of 22.70, a P/E/G ratio of 2.22 and a beta of 0.54. Evergy Inc. has a 52 week low of $68.00 and a 52 week high of $88.62. The company’s 50-day moving average price is $84.13 and its 200 day moving average price is $81.20. 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 issued its earnings results on Wednesday, May 6th. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.06. Evergy had a net margin of 14.63% and a return on equity of 9.09%. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same period in the prior year, the business posted $0.54 earnings per share. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. On average, research 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 was paid on Thursday, June 18th. Stockholders of record on Friday, May 22nd were paid a dividend of $0.695 per share. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $2.78 annualized dividend and a dividend yield of 3.2%. Evergy’s payout ratio is 73.74%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on EVRG shares. Barclays lifted their target price on shares of Evergy from $89.00 to $94.00 and gave the company an “overweight” rating in a report on Tuesday, June 30th. Wells Fargo & Company set a $87.00 price target on shares of Evergy in a report on Tuesday, April 21st. 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 report on Tuesday, April 14th. UBS Group lifted their price objective on Evergy from $88.00 to $91.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Finally, Weiss Ratings upgraded Evergy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 11th. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.10.

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.