Cullen Frost Bankers Inc. Increases Stock Position in Evergy Inc. $EVRG

Cullen Frost Bankers Inc. boosted its stake in Evergy Inc. (NASDAQ:EVRG) by 4.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 316,511 shares of the company’s stock after buying an additional 14,907 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Evergy were worth $22,944,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Harbor Capital Advisors Inc. purchased a new stake in Evergy in the fourth quarter valued at $27,000. Accredited Wealth Management LLC lifted its position in 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 acquiring an additional 380 shares during the last quarter. Sentry Investment Management LLC purchased a new stake in Evergy in the third quarter valued at $41,000. Root Financial Partners LLC purchased a new stake in Evergy in the third quarter valued at $44,000. Finally, TOWER TRUST & INVESTMENT Co purchased a new stake in Evergy in the fourth quarter valued at $42,000. 87.24% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Evergy

In other news, Director Ann D. Murtlow sold 2,847 shares of the business’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $82.34, for a total transaction of $234,421.98. Following the transaction, the director directly owned 2,311 shares in the company, valued at $190,287.74. The trade was a 55.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Heather A. Humphrey sold 3,650 shares of the business’s stock in a transaction dated 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 owned 44,007 shares in the company, valued at approximately $3,635,418.27. This trade represents a 7.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 8,937 shares of company stock worth $736,492 over the last ninety days. 1.52% of the stock is currently owned by company insiders.

Evergy Price Performance

Shares of NASDAQ:EVRG opened at $82.97 on Wednesday. The company has a 50-day simple moving average of $81.88 and a 200-day simple moving average of $78.45. Evergy Inc. has a one year low of $64.70 and a one year high of $85.27. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.24 and a current ratio of 0.45. The stock has a market capitalization of $19.13 billion, a price-to-earnings ratio of 22.01, a PEG ratio of 2.13 and a beta of 0.56.

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

Evergy Announces Dividend

The company also recently declared 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. This represents a $2.78 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Friday, May 22nd. Evergy’s payout ratio is 73.74%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on EVRG shares. Royal Bank Of Canada reissued an “outperform” rating and issued a $91.00 price target on shares of Evergy in a research report on Friday, January 23rd. Citigroup boosted 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. Barclays upped their target price on shares of Evergy from $82.00 to $89.00 and gave the company an “overweight” rating in a report on Monday, March 9th. Mizuho set a $82.00 target price on shares of Evergy in a report on Monday, February 23rd. Finally, BMO Capital Markets upped their target price on shares of Evergy from $82.00 to $87.00 and gave the company an “outperform” rating in a report on Monday, February 23rd. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $89.60.

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.