Allstate Corp Purchases 9,352 Shares of Evergy Inc. $EVRG

Allstate Corp raised its position in shares of Evergy Inc. (NASDAQ:EVRG) by 113.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,571 shares of the company’s stock after acquiring an additional 9,352 shares during the quarter. Allstate Corp’s holdings in Evergy were worth $1,274,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Harbor Capital Advisors Inc. bought a new stake in Evergy during the fourth quarter valued at $27,000. Accredited Wealth Management LLC raised its holdings in shares of Evergy by 1,310.3% during the third quarter. Accredited Wealth Management LLC now owns 409 shares of the company’s stock valued at $31,000 after purchasing an additional 380 shares during the period. Sentry Investment Management LLC acquired a new position in shares of Evergy during the third quarter valued at about $41,000. TOWER TRUST & INVESTMENT Co acquired a new position in shares of Evergy during the fourth quarter valued at about $42,000. Finally, Elyxium Wealth LLC acquired a new position in shares of Evergy during the fourth quarter valued at about $43,000. Institutional investors own 87.24% of the company’s stock.

Evergy Stock Down 1.0%

Evergy stock opened at $82.04 on Friday. Evergy Inc. has a twelve month low of $64.70 and a twelve month high of $85.27. The firm has a 50 day moving average price of $82.08 and a 200-day moving average price of $78.81. The company has a market capitalization of $18.91 billion, a P/E ratio of 21.76, a P/E/G ratio of 2.15 and a beta of 0.56. The company has a quick ratio of 0.24, a current ratio of 0.45 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 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.06. The firm had revenue of $1.44 billion during 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 in the prior year, the firm earned $0.54 EPS. Evergy has set its FY 2026 guidance at 4.140-4.340 EPS. As a group, equities analysts predict that Evergy Inc. will post 4.25 EPS for the current year.

Evergy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Friday, May 22nd will be paid a dividend of $0.695 per share. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $2.78 annualized dividend and a yield of 3.4%. Evergy’s payout ratio is 73.74%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. BTIG Research assumed coverage on shares of Evergy in a report on Thursday, April 9th. They set a “buy” rating and a $99.00 price objective on the stock. Citigroup upped their price objective on shares of Evergy from $89.00 to $95.00 and gave the company a “buy” rating in a report on Friday, February 20th. UBS Group upped their target price on shares of Evergy from $88.00 to $91.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Barclays upped their target price on shares of Evergy from $82.00 to $89.00 and gave the stock an “overweight” rating in a report on Monday, March 9th. Finally, Weiss Ratings upgraded shares of Evergy from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 11th. Eight research 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, the company currently has an average rating of “Moderate Buy” and a consensus price target of $89.60.

Insiders Place Their Bets

In other Evergy news, SVP Heather A. Humphrey sold 3,650 shares of the company’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $82.61, for a total transaction of $301,526.50. Following the completion of the sale, the senior vice president directly owned 44,007 shares in the company, valued at $3,635,418.27. This represents a 7.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Charles L. King sold 2,440 shares of the business’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $82.19, for a total transaction of $200,543.60. Following the sale, the senior vice president directly owned 18,359 shares in the company, valued at $1,508,926.21. The trade was a 11.73% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.52% of the stock is owned by company insiders.

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.