Corient Private Wealth LLC Boosts Stock Holdings in Evergy Inc. $EVRG

Corient Private Wealth LLC boosted its position in Evergy Inc. (NASDAQ:EVRG) by 11.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 61,487 shares of the company’s stock after buying an additional 6,455 shares during the quarter. Corient Private Wealth LLC’s holdings in Evergy were worth $4,458,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. MidFirst Bank bought a new position in Evergy during the fourth quarter worth about $25,000. Harbor Capital Advisors Inc. bought a new stake in shares of Evergy in the fourth quarter valued at approximately $27,000. Accredited Wealth Management LLC raised its position in shares of Evergy by 1,310.3% in 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. Prosperity Bancshares Inc purchased a new stake in shares of Evergy during the 4th quarter valued at approximately $32,000. Finally, Triumph Capital Management boosted its holdings in Evergy by 104.8% in the 4th quarter. Triumph Capital Management now owns 508 shares of the company’s stock worth $37,000 after buying an additional 260 shares during the period. 87.24% of the stock is currently owned by institutional investors.

Evergy Stock Up 0.7%

EVRG stock opened at $87.23 on Friday. Evergy Inc. has a fifty-two week low of $67.30 and a fifty-two week high of $87.57. The company has a market capitalization of $20.11 billion, a price-to-earnings ratio of 23.14, a price-to-earnings-growth ratio of 2.25 and a beta of 0.54. The business’s 50 day moving average price is $82.67 and its two-hundred day moving average price is $79.81. 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 released 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 return on equity of 9.09% and a net margin of 14.63%.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 previous year, the company posted $0.54 earnings per share. The firm’s revenue was up 5.0% on a year-over-year basis. Evergy has set its FY 2026 guidance at 4.140-4.340 EPS. As a group, analysts forecast that Evergy Inc. will post 4.25 earnings per share for the current fiscal year.

Evergy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, May 22nd were issued a $0.695 dividend. This represents a $2.78 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Friday, May 22nd. Evergy’s dividend payout ratio is 73.74%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Wells Fargo & Company set a $87.00 target price on shares of Evergy in a report on Tuesday, April 21st. Weiss Ratings upgraded Evergy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 11th. UBS Group raised their price objective on shares of Evergy from $88.00 to $91.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. BTIG Research started coverage on shares of Evergy in a research note on Thursday, April 9th. They issued a “buy” rating and a $99.00 target price on the stock. Finally, Bank of America cut their price objective on Evergy from $89.00 to $88.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $89.60.

Insider Buying and Selling

In related news, Director Sandra Aj Lawrence sold 761 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The stock was 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 trade represents a 31.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Charles A. Caisley sold 10,787 shares of the business’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $83.46, for a total value of $900,283.02. Following the completion of the sale, the executive vice president directly owned 37,789 shares in the company, valued at $3,153,869.94. This trade represents a 22.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 12,748 shares of company stock valued at $1,061,870 in the last ninety days. Insiders own 1.52% of the company’s stock.

Evergy Company 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.