Evergy Inc. $EVRG Shares Bought by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP raised its holdings in Evergy Inc. (NASDAQ:EVRG) by 33.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,146,474 shares of the company’s stock after acquiring an additional 286,295 shares during the period. Evergy comprises 0.7% of ExodusPoint Capital Management LP’s portfolio, making the stock its 8th biggest holding. ExodusPoint Capital Management LP’s holdings in Evergy were worth $83,108,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Geode Capital Management LLC lifted its holdings in Evergy by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 6,447,150 shares of the company’s stock valued at $465,684,000 after acquiring an additional 105,842 shares during the last quarter. Franklin Resources Inc. lifted its holdings in Evergy by 0.6% in the 4th quarter. Franklin Resources Inc. now owns 6,091,518 shares of the company’s stock valued at $441,574,000 after acquiring an additional 33,457 shares during the last quarter. Federated Hermes Inc. raised its holdings in Evergy by 1.6% during the 4th quarter. Federated Hermes Inc. now owns 3,760,548 shares of the company’s stock worth $272,602,000 after buying an additional 57,814 shares during the period. Northern Trust Corp lifted its stake in Evergy by 10.6% during the third quarter. Northern Trust Corp now owns 2,760,494 shares of the company’s stock valued at $209,853,000 after buying an additional 263,619 shares in the last quarter. Finally, Magellan Asset Management Ltd lifted its stake in Evergy by 3.4% during the third quarter. Magellan Asset Management Ltd now owns 2,444,381 shares of the company’s stock valued at $185,822,000 after buying an additional 79,888 shares in the last quarter. 87.24% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Charles A. Caisley sold 10,787 shares of the stock in a transaction that occurred 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 transaction, the executive vice president owned 37,789 shares in the company, valued at approximately $3,153,869.94. This represents a 22.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 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 the stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $83.31, for a total value of $63,398.91. Following the completion of the transaction, the director owned 1,680 shares in the company, valued at $139,960.80. This represents a 31.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 12,748 shares of company stock worth $1,061,870 in the last 90 days. 1.52% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on EVRG. BTIG Research began coverage on shares of Evergy in a research note on Thursday, April 9th. They set a “buy” rating and a $99.00 price objective for the company. UBS Group upped their price objective 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. Barclays upped their price objective 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. Weiss Ratings raised shares of Evergy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 11th. Finally, Wells Fargo & Company set a $87.00 price objective on shares of Evergy in a research note on Tuesday, April 21st. Eight investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Evergy currently has an average rating of “Moderate Buy” and a consensus price target of $89.60.

Evergy Price Performance

Shares of EVRG opened at $83.97 on Wednesday. The company has a market capitalization of $19.36 billion, a price-to-earnings ratio of 22.27, a P/E/G ratio of 2.16 and a beta of 0.54. Evergy Inc. has a fifty-two week low of $66.19 and a fifty-two week 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 business’s 50-day moving average is $82.42 and its 200-day moving average is $79.32.

Evergy (NASDAQ:EVRG) last issued its earnings results on Thursday, May 7th. The company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.06. The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.27 billion. Evergy had a return on equity of 9.09% and a net margin of 14.63%.The firm’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.54 EPS. Evergy has set its FY 2026 guidance at 4.140-4.340 EPS. Equities research analysts expect that Evergy Inc. will post 4.25 EPS for the current fiscal year.

Evergy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, May 22nd will be issued a $0.695 dividend. The ex-dividend date is Friday, May 22nd. This represents a $2.78 dividend on an annualized basis and a dividend yield of 3.3%. Evergy’s dividend payout ratio is currently 73.74%.

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.