Evergy Inc. $EVRG Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC raised its holdings in Evergy Inc. (NASDAQ:EVRG) by 1.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,447,150 shares of the company’s stock after acquiring an additional 105,842 shares during the period. Geode Capital Management LLC’s holdings in Evergy were worth $465,684,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of EVRG. ANTIPODES PARTNERS Ltd acquired a new stake in Evergy in the 3rd quarter valued at about $72,860,000. Envestnet Asset Management Inc. raised its holdings in Evergy by 136.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,003,616 shares of the company’s stock valued at $76,295,000 after acquiring an additional 579,531 shares during the last quarter. BROOKFIELD Corp ON acquired a new stake in Evergy in the 2nd quarter valued at about $29,644,000. Truist Financial Corp raised its holdings in Evergy by 28.4% in the 4th quarter. Truist Financial Corp now owns 1,847,410 shares of the company’s stock valued at $133,919,000 after acquiring an additional 408,452 shares during the last quarter. Finally, Cramer Rosenthal Mcglynn LLC acquired a new stake in Evergy in the 3rd quarter valued at about $28,358,000. Institutional investors and hedge funds own 87.24% of the company’s stock.

Evergy Stock Performance

Evergy stock opened at $82.04 on Monday. The firm has a 50 day simple moving average of $82.08 and a 200-day simple moving average of $78.83. Evergy Inc. has a 1-year low of $64.70 and a 1-year high of $85.27. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.45 and a quick ratio of 0.24. The stock has a market cap of $18.91 billion, a price-to-earnings ratio of 21.76, a price-to-earnings-growth ratio of 2.13 and a beta of 0.55.

Evergy (NASDAQ:EVRG) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.69 earnings per share for the quarter, beating 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 business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter in the prior year, the company posted $0.54 EPS. The business’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, analysts expect that Evergy Inc. will post 4.25 EPS for the current year.

Evergy Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms have commented on EVRG. Weiss Ratings upgraded shares of Evergy from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 11th. Barclays increased their price target on shares of Evergy from $82.00 to $89.00 and gave the company an “overweight” rating in a research note on Monday, March 9th. Mizuho set a $82.00 price target on shares of Evergy in a research note on Monday, February 23rd. UBS Group increased their price target on shares of Evergy from $88.00 to $91.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Finally, Citigroup increased their price target on shares of Evergy from $89.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, February 20th. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $89.60.

Insider Buying and Selling

In related news, SVP Charles L. King sold 2,440 shares of the stock in a transaction that occurred 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 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Heather A. Humphrey sold 3,650 shares of the stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $82.61, for a total transaction of $301,526.50. Following the transaction, the senior vice president directly owned 44,007 shares of the company’s stock, valued at $3,635,418.27. The trade was a 7.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.52% of the company’s stock.

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.