New Age Alpha Advisors LLC Has $6.17 Million Stake in Evergy Inc. $EVRG

New Age Alpha Advisors LLC decreased its position in Evergy Inc. (NASDAQ:EVRG) by 7.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 85,061 shares of the company’s stock after selling 6,530 shares during the period. New Age Alpha Advisors LLC’s holdings in Evergy were worth $6,166,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Franklin Resources Inc. boosted its stake in Evergy by 4.3% in the 3rd quarter. Franklin Resources Inc. now owns 6,058,061 shares of the company’s stock worth $460,534,000 after purchasing an additional 251,027 shares during the period. Federated Hermes Inc. boosted its stake in Evergy by 0.5% in the 3rd quarter. Federated Hermes Inc. now owns 3,702,734 shares of the company’s stock worth $281,482,000 after purchasing an additional 17,592 shares during the period. Northern Trust Corp boosted its stake in Evergy by 10.6% in the 3rd quarter. Northern Trust Corp now owns 2,760,494 shares of the company’s stock worth $209,853,000 after purchasing an additional 263,619 shares during the period. Magellan Asset Management Ltd boosted its stake in Evergy by 3.4% in the 3rd quarter. Magellan Asset Management Ltd now owns 2,444,381 shares of the company’s stock worth $185,822,000 after purchasing an additional 79,888 shares during the period. Finally, Truist Financial Corp lifted its position in Evergy by 28.4% in the 4th quarter. Truist Financial Corp now owns 1,847,410 shares of the company’s stock worth $133,919,000 after buying an additional 408,452 shares in the last quarter. Institutional investors and hedge funds own 87.24% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on EVRG shares. Mizuho set a $82.00 target price on shares of Evergy in a research report on Monday, February 23rd. Bank of America cut their target price on shares of Evergy from $89.00 to $88.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. UBS Group increased their target price on shares of Evergy from $88.00 to $91.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Wells Fargo & Company set a $87.00 target price on shares of Evergy in a research report on Tuesday, April 21st. Finally, Barclays increased their target price on shares of Evergy from $82.00 to $89.00 and gave the stock an “overweight” rating in a research report on Monday, March 9th. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Evergy has a consensus rating of “Moderate Buy” and an average target price of $89.60.

Insider Activity

In other news, Director Ann D. Murtlow sold 2,847 shares of the firm’s stock in a transaction on 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 owned 2,311 shares in the company, valued at approximately $190,287.74. This trade represents a 55.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Charles L. King sold 2,440 shares of the firm’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $82.19, for a total transaction of $200,543.60. Following the transaction, the senior vice president owned 18,359 shares in the company, valued at $1,508,926.21. This represents a 11.73% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 8,937 shares of company stock worth $736,492. 1.52% of the stock is owned by corporate insiders.

Evergy Price Performance

Evergy stock opened at $83.94 on Monday. The company has a market capitalization of $19.35 billion, a P/E ratio of 22.27, a P/E/G ratio of 2.18 and a beta of 0.56. The firm’s fifty day simple moving average is $81.97 and its 200-day simple moving average is $78.58. The company has a current ratio of 0.45, a quick ratio of 0.24 and a debt-to-equity ratio of 1.29. Evergy Inc. has a 1-year low of $64.70 and a 1-year high of $85.27.

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 analysts’ consensus estimates of $0.63 by $0.06. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.27 billion. Evergy had a net margin of 14.63% and a return on equity of 9.09%. Evergy’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.54 EPS. Evergy has set its FY 2026 guidance at 4.140-4.340 EPS. Sell-side analysts forecast 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 will be paid on Thursday, June 18th. Stockholders of record on Friday, May 22nd will be issued a dividend of $0.695 per share. 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 (DPR) 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.