Evergy Inc. $EVRG Shares Bought by Sei Investments Co.

Sei Investments Co. grew its holdings in shares of Evergy Inc. (NASDAQ:EVRG) by 8.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 252,452 shares of the company’s stock after buying an additional 19,390 shares during the quarter. Sei Investments Co.’s holdings in Evergy were worth $20,680,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Adage Capital Partners GP L.L.C. increased its stake in shares of Evergy by 476.6% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 1,207,882 shares of the company’s stock worth $87,559,000 after buying an additional 998,400 shares during the last quarter. Freestone Grove Partners LP boosted its stake in Evergy by 321.1% during the 4th quarter. Freestone Grove Partners LP now owns 854,739 shares of the company’s stock valued at $61,960,000 after acquiring an additional 651,738 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Evergy by 122.4% during the 4th quarter. Renaissance Technologies LLC now owns 811,202 shares of the company’s stock worth $58,804,000 after acquiring an additional 446,400 shares in the last quarter. BROOKFIELD Corp ON acquired a new position in Evergy during the 2nd quarter worth $29,644,000. Finally, Zimmer Partners LP grew its holdings in Evergy by 147.8% during the 4th quarter. Zimmer Partners LP now owns 137,500 shares of the company’s stock worth $9,967,000 after acquiring an additional 425,000 shares in the last quarter. Institutional investors and hedge funds own 87.24% of the company’s stock.

Insider Transactions at Evergy

In other Evergy news, Director Sandra Aj Lawrence sold 761 shares of Evergy 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 directly owned 1,680 shares in the company, valued at $139,960.80. The trade was a 31.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Charles A. Caisley sold 10,787 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $83.46, for a total value of $900,283.02. Following the transaction, the executive vice president directly owned 37,789 shares of the company’s stock, valued at $3,153,869.94. This trade represents a 22.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 12,748 shares of company stock worth $1,061,870 in the last three months. 1.52% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

EVRG has been the subject of several research analyst reports. UBS Group boosted 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. Weiss Ratings upgraded Evergy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 11th. Bank of America decreased their price target on Evergy from $89.00 to $88.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. Citigroup boosted their price objective on Evergy from $95.00 to $97.00 and gave the company a “buy” rating in a report on Friday, July 24th. Finally, Barclays upped their price objective on Evergy from $89.00 to $94.00 and gave the company an “overweight” rating in a research note on Tuesday, June 30th. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $90.60.

Evergy Stock Down 1.9%

EVRG stock opened at $84.00 on Thursday. The firm has a market cap of $19.36 billion, a price-to-earnings ratio of 22.28, a PEG ratio of 2.22 and a beta of 0.54. Evergy Inc. has a 1-year low of $69.54 and a 1-year high of $88.62. The firm has a fifty day moving average price of $84.64 and a two-hundred day moving average price of $81.99. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.45 and a quick ratio of 0.24.

Evergy (NASDAQ:EVRG) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.69 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same period last year, the firm posted $0.54 EPS. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. Research analysts predict that Evergy Inc. will post 4.25 EPS for the current year.

Evergy Dividend Announcement

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

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.