Evergy (NASDAQ:EVRG) Reaches New 12-Month High – Here’s Why

Evergy Inc. (NASDAQ:EVRG) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $85.63 and last traded at $85.3320, with a volume of 93052 shares traded. The stock had previously closed at $84.84.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Bank of America reduced their price target on Evergy from $89.00 to $88.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. BTIG Research assumed coverage on Evergy in a research note on Thursday, April 9th. They issued a “buy” rating and a $99.00 target price for the company. Wells Fargo & Company set a $87.00 target price on Evergy in a research report on Tuesday, April 21st. UBS Group increased their target price on Evergy from $88.00 to $91.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Finally, Barclays lifted their price target on Evergy from $82.00 to $89.00 and gave the company an “overweight” rating in a report on Monday, March 9th. Eight equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $89.60.

Evergy Price Performance

The company’s fifty day moving average is $82.40 and its 200 day moving average is $79.58. The company has a quick ratio of 0.24, a current ratio of 0.45 and a debt-to-equity ratio of 1.29. The stock has a market cap of $19.59 billion, a PE ratio of 22.52, a price-to-earnings-growth ratio of 2.16 and a beta of 0.54.

Evergy (NASDAQ:EVRG) last announced its quarterly 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. Evergy had a net margin of 14.63% and a return on equity of 9.09%. The firm 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 company posted $0.54 earnings per share. Evergy’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. As a group, sell-side analysts anticipate that Evergy Inc. will post 4.25 earnings per share for the current fiscal year.

Evergy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Friday, May 22nd were given a dividend of $0.695 per share. This represents a $2.78 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Friday, May 22nd. Evergy’s dividend payout ratio is 73.74%.

Insiders Place Their Bets

In other Evergy news, EVP Charles A. Caisley sold 10,787 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $83.46, for a total transaction of $900,283.02. Following the transaction, the executive vice president owned 37,789 shares in the company, valued at $3,153,869.94. The trade was a 22.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available 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 600 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $81.41, for a total value of $48,846.00. Following the transaction, the director owned 680 shares in the company, valued at approximately $55,358.80. This represents a 46.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 12,748 shares of company stock valued at $1,061,870. 1.52% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Evergy

Large investors have recently modified their holdings of the stock. Geode Capital Management LLC boosted 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 worth $465,684,000 after acquiring an additional 105,842 shares during the period. Franklin Resources Inc. lifted its position in shares of Evergy by 0.6% during the fourth quarter. Franklin Resources Inc. now owns 6,091,518 shares of the company’s stock worth $441,574,000 after purchasing an additional 33,457 shares in the last quarter. Federated Hermes Inc. lifted its position in shares of Evergy by 1.6% during the fourth quarter. Federated Hermes Inc. now owns 3,760,548 shares of the company’s stock worth $272,602,000 after purchasing an additional 57,814 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Evergy by 10.6% in the third quarter. Northern Trust Corp now owns 2,760,494 shares of the company’s stock valued at $209,853,000 after purchasing an additional 263,619 shares during the period. Finally, Magellan Asset Management Ltd boosted its stake in shares of Evergy by 3.4% in the third quarter. Magellan Asset Management Ltd now owns 2,444,381 shares of the company’s stock valued at $185,822,000 after purchasing an additional 79,888 shares during the period. Institutional investors and hedge funds own 87.24% 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.