Sandra Aj Lawrence Sells 600 Shares of Evergy (NASDAQ:EVRG) Stock

Evergy Inc. (NASDAQ:EVRG) Director Sandra Aj Lawrence sold 600 shares of Evergy stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $81.41, for a total value of $48,846.00. Following the sale, the director owned 680 shares in the company, valued at $55,358.80. This represents a 46.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Sandra Aj Lawrence also recently made the following trade(s):

• On Wednesday, June 3rd, Sandra Aj Lawrence sold 200 shares of Evergy stock. The shares were sold at an average price of $82.63, for a total value of $16,526.00.
• On Friday, May 29th, Sandra Aj Lawrence sold 400 shares of Evergy stock. The shares were sold at an average price of $82.04, for a total value of $32,816.00.
• On Thursday, May 28th, Sandra Aj Lawrence sold 761 shares of Evergy stock. The shares were sold at an average price of $83.31, for a total value of $63,398.91.

Evergy Stock Up 1.7%

Shares of NASDAQ:EVRG opened at $83.27 on Friday. The stock has a fifty day simple moving average of $82.25 and a two-hundred day simple moving average of $78.98. The stock has a market capitalization of $19.19 billion, a price-to-earnings ratio of 22.09, a PEG ratio of 2.12 and a beta of 0.54. Evergy Inc. has a 12-month low of $64.80 and a 12-month high of $85.27. 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 (NASDAQ:EVRG) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.06. The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.54 earnings per share. Evergy has set its FY 2026 guidance at 4.140-4.340 EPS. On average, research analysts anticipate that Evergy Inc. will post 4.25 earnings per share for the current fiscal year.

Evergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Friday, May 22nd will be paid 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 yield of 3.3%. Evergy’s payout ratio is presently 73.74%.

Institutional Trading of Evergy

Several large investors have recently modified their holdings of EVRG. MidFirst Bank bought a new stake in shares of Evergy in the fourth quarter worth $25,000. Harbor Capital Advisors Inc. bought a new stake in shares of Evergy in the fourth quarter worth $27,000. Accredited Wealth Management LLC grew its holdings in shares of Evergy by 1,310.3% in the third quarter. Accredited Wealth Management LLC now owns 409 shares of the company’s stock worth $31,000 after acquiring an additional 380 shares during the period. Prosperity Bancshares Inc bought a new stake in shares of Evergy in the fourth quarter worth $32,000. Finally, Triumph Capital Management grew its holdings in shares of Evergy by 104.8% in the fourth quarter. Triumph Capital Management now owns 508 shares of the company’s stock worth $37,000 after acquiring an additional 260 shares during the period. Institutional investors own 87.24% of the company’s stock.

Analysts Set New Price Targets

EVRG has been the subject of a number of recent research reports. Weiss Ratings upgraded Evergy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 11th. Citigroup lifted their price objective on Evergy from $89.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, February 20th. Mizuho set a $82.00 price objective on Evergy in a research note on Monday, February 23rd. UBS Group lifted their price objective on Evergy from $88.00 to $91.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Finally, Wall Street Zen upgraded Evergy from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $89.60.

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.