20,141 Shares in Evergy Inc. $EVRG Bought by Meeder Advisory Services Inc.

Meeder Advisory Services Inc. bought a new position in shares of Evergy Inc. (NASDAQ:EVRG) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 20,141 shares of the company’s stock, valued at approximately $1,741,000.

Other hedge funds have also modified their holdings of the company. Citizens Financial Group Inc. RI purchased a new position in Evergy in the 2nd quarter worth about $598,000. Texas Capital Bank Wealth Management Services Inc acquired a new stake in Evergy during the 2nd quarter worth about $333,000. MidFirst Bank purchased a new stake in Evergy during the second quarter valued at about $30,000. Pallas Capital Advisors LLC purchased a new stake in Evergy during the second quarter valued at about $855,000. Finally, Perigon Wealth Management LLC acquired a new position in shares of Evergy in the second quarter worth about $235,000. 87.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on EVRG. BMO Capital Markets lifted their target price on shares of Evergy from $88.00 to $92.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 22nd. UBS Group raised their price objective on shares of Evergy from $88.00 to $91.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Barclays lifted their price objective on shares of Evergy from $89.00 to $94.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 30th. Weiss Ratings reissued a “buy (b)” rating on shares of Evergy in a research note on Friday, August 7th. Finally, Wells Fargo & Company set a $87.00 target price on Evergy in a report on Tuesday, April 21st. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $90.60.

Evergy Trading Down 0.6%

NASDAQ:EVRG opened at $83.42 on Wednesday. The stock has a market cap of $19.23 billion, a PE ratio of 21.17, a price-to-earnings-growth ratio of 2.18 and a beta of 0.54. Evergy Inc. has a fifty-two week low of $70.42 and a fifty-two week high of $88.62. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.36 and a quick ratio of 0.21. The stock’s 50-day moving average is $84.81 and its two-hundred day moving average is $82.74.

Evergy (NASDAQ:EVRG) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.07. The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.36 billion. Evergy had a net margin of 15.19% and a return on equity of 9.20%. During the same period in the prior year, the firm earned $0.82 earnings per share. Evergy has set its FY 2026 guidance at 4.140-4.340 EPS. As a group, equities research analysts forecast that Evergy Inc. will post 4.25 earnings per share for the current fiscal year.

Evergy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Tuesday, August 18th will be given a $0.695 dividend. The ex-dividend date is Tuesday, August 18th. This represents a $2.78 dividend on an annualized basis and a yield of 3.3%. Evergy’s dividend payout ratio is presently 70.56%.

Insider Buying and Selling

In other Evergy news, EVP Charles A. Caisley sold 10,787 shares of Evergy stock in a transaction on Monday, June 15th. The shares were sold at an average price of $83.46, for a total transaction of $900,283.02. Following the completion of the sale, the executive vice president owned 37,789 shares of the company’s stock, valued at $3,153,869.94. This trade represents a 22.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at 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 company’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $81.41, for a total transaction of $48,846.00. Following the completion of the transaction, the director directly owned 680 shares in the company, valued at $55,358.80. This trade represents a 46.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 12,748 shares of company stock valued at $1,061,870. 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.