BI Asset Management Fondsmaeglerselskab A S Raises Stock Holdings in Evergy Inc. $EVRG

BI Asset Management Fondsmaeglerselskab A S increased its holdings in shares of Evergy Inc. (NASDAQ:EVRG) by 114.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 53,837 shares of the company’s stock after acquiring an additional 28,680 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Evergy were worth $4,408,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. MidFirst Bank bought a new stake in shares of Evergy during the 4th quarter worth $25,000. Harbor Capital Advisors Inc. bought a new position in Evergy during the fourth quarter valued at about $27,000. Accredited Wealth Management LLC grew its position in 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 buying an additional 380 shares during the period. Prosperity Bancshares Inc purchased a new stake in Evergy during the fourth quarter worth about $32,000. Finally, Triumph Capital Management increased its holdings in Evergy by 104.8% during the fourth quarter. Triumph Capital Management now owns 508 shares of the company’s stock worth $37,000 after buying an additional 260 shares during the last quarter. 87.24% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Charles A. Caisley sold 10,787 shares of the firm’s 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 of the company’s stock, valued at approximately $3,153,869.94. This trade represents 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 Evergy stock in a transaction that occurred 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 completion of the transaction, the director owned 1,680 shares of the company’s stock, valued at $139,960.80. This represents a 31.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 12,748 shares of company stock valued at $1,061,870 in the last quarter. Corporate insiders own 1.52% of the company’s stock.

Evergy Stock Up 0.9%

EVRG stock opened at $83.25 on Tuesday. The stock has a fifty day moving average of $82.37 and a 200-day moving average of $79.51. Evergy Inc. has a fifty-two week low of $67.30 and a fifty-two week high of $85.27. The company has a market capitalization of $19.19 billion, a price-to-earnings ratio of 22.08, a PEG ratio of 2.14 and a beta of 0.55. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.24 and a current ratio of 0.45.

Evergy (NASDAQ:EVRG) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.06. Evergy had a return on equity of 9.09% and a net margin of 14.63%.The business had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same period in the previous year, the business posted $0.54 EPS. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. Evergy has set its FY 2026 guidance at 4.140-4.340 EPS. As a group, equities research analysts predict that Evergy Inc. will post 4.25 earnings per share for the current year.

Evergy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Friday, May 22nd were paid a $0.695 dividend. The ex-dividend date was Friday, May 22nd. This represents a $2.78 annualized dividend and a dividend yield of 3.3%. Evergy’s dividend payout ratio (DPR) is presently 73.74%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. UBS Group lifted their price objective on shares of Evergy from $88.00 to $91.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Bank of America reduced their target price 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. Wells Fargo & Company set a $87.00 price target on shares of Evergy in a research note on Tuesday, April 21st. Weiss Ratings raised shares of Evergy from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 11th. Finally, 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. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Evergy has an average rating of “Moderate Buy” and a consensus price target of $89.60.

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.