AXQ Capital LP Invests $2.20 Million in Evergy Inc. $EVRG

AXQ Capital LP purchased a new position in Evergy Inc. (NASDAQ:EVRG) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 30,410 shares of the company’s stock, valued at approximately $2,204,000. Evergy comprises 0.5% of AXQ Capital LP’s investment portfolio, making the stock its 20th largest position.

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

Evergy Stock Performance

EVRG opened at $80.39 on Tuesday. Evergy Inc. has a 12-month low of $64.70 and a 12-month high of $85.27. The company has a current ratio of 0.45, a quick ratio of 0.24 and a debt-to-equity ratio of 1.29. The firm has a market capitalization of $18.53 billion, a PE ratio of 21.32, a P/E/G ratio of 2.13 and a beta of 0.55. The firm has a 50 day moving average of $82.06 and a two-hundred day moving average of $78.85.

Evergy (NASDAQ:EVRG) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $1.27 billion. During the same period last year, the firm posted $0.54 EPS. Evergy’s revenue for the quarter was up 5.0% compared to the same quarter last year. Evergy has set its FY 2026 guidance at 4.140-4.340 EPS. On average, analysts anticipate that Evergy Inc. will post 4.25 EPS for the current year.

Evergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.5%. Evergy’s dividend payout ratio (DPR) is presently 73.74%.

Analysts Set New Price Targets

Several research analysts have issued reports on EVRG shares. Bank of America dropped their target price 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. BTIG Research started coverage on shares of Evergy in a report on Thursday, April 9th. They set a “buy” rating and a $99.00 target price on the stock. UBS Group increased 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. 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 report on Friday, February 20th. Finally, 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 report on Monday, March 9th. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $89.60.

Insider Transactions at Evergy

In other news, SVP Heather A. Humphrey sold 3,650 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $82.61, for a total transaction of $301,526.50. Following the sale, the senior vice president owned 44,007 shares of the company’s stock, valued at $3,635,418.27. This trade represents a 7.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Sandra Aj Lawrence sold 400 shares of Evergy stock in a transaction on Friday, May 29th. The shares were sold at an average price of $82.04, for a total transaction of $32,816.00. Following the completion of the sale, the director directly owned 1,280 shares in the company, valued at $105,011.20. This represents a 23.81% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 7,251 shares of company stock valued at $598,285 in the last 90 days. 1.52% of the stock is currently 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.