Energy Income Partners LLC Purchases Shares of 1,277,260 Evergy Inc. $EVRG

Energy Income Partners LLC bought a new stake in shares of Evergy Inc. (NASDAQ:EVRG) during the 2nd quarter, Holdings Channel reports. The firm bought 1,277,260 shares of the company’s stock, valued at approximately $110,394,000. Evergy comprises approximately 1.7% of Energy Income Partners LLC’s investment portfolio, making the stock its 17th largest holding.

A number of other institutional investors also recently added to or reduced their stakes in the business. Cullen Frost Bankers Inc. raised its stake in shares of Evergy by 4.9% during the fourth quarter. Cullen Frost Bankers Inc. now owns 316,511 shares of the company’s stock valued at $22,944,000 after purchasing an additional 14,907 shares in the last quarter. Vestcor Inc lifted its holdings in Evergy by 49.6% in the fourth quarter. Vestcor Inc now owns 174,330 shares of the company’s stock worth $12,637,000 after purchasing an additional 57,795 shares during the period. Qsemble Capital Management LP grew its position in Evergy by 295.4% in the 4th quarter. Qsemble Capital Management LP now owns 105,780 shares of the company’s stock valued at $7,668,000 after buying an additional 79,029 shares in the last quarter. Fulcrum Asset Management LLP grew its position in Evergy by 119.1% in the 4th quarter. Fulcrum Asset Management LLP now owns 43,867 shares of the company’s stock valued at $3,180,000 after buying an additional 23,842 shares in the last quarter. Finally, RIA Advisory Group LLC acquired a new position in Evergy during the 4th quarter valued at about $967,000. Institutional investors and hedge funds own 87.24% of the company’s stock.

Insider Activity

In other Evergy news, Director Sandra Aj Lawrence sold 600 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $81.41, for a total transaction of $48,846.00. Following the completion of the transaction, the director owned 680 shares of the company’s stock, valued at $55,358.80. The trade was a 46.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Charles A. Caisley sold 10,787 shares of the 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 sale, the executive vice president owned 37,789 shares of the company’s stock, valued at approximately $3,153,869.94. The trade was a 22.21% decrease in their position. 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. In the last quarter, insiders have sold 12,748 shares of company stock valued at $1,061,870. 1.52% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on EVRG shares. Weiss Ratings restated a “buy (b)” rating on shares of Evergy in a research report on Friday, August 7th. Barclays boosted their price objective on Evergy from $89.00 to $94.00 and gave the stock an “overweight” rating in a report on Tuesday, June 30th. BTIG Research set a $97.00 target price on Evergy in a research report on Thursday, July 23rd. Wells Fargo & Company set a $87.00 price objective on shares of Evergy in a research note on Tuesday, April 21st. Finally, Citigroup boosted their target price on Evergy from $95.00 to $97.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $90.60.

Evergy Stock Performance

Shares of EVRG opened at $83.42 on Wednesday. The firm has a market cap of $19.23 billion, a price-to-earnings ratio of 21.17, a price-to-earnings-growth ratio of 2.18 and a beta of 0.54. The company’s fifty day moving average is $84.81 and its 200-day moving average is $82.74. The company has a quick ratio of 0.21, a current ratio of 0.36 and a debt-to-equity ratio of 1.20. Evergy Inc. has a 12 month low of $70.42 and a 12 month high of $88.62.

Evergy (NASDAQ:EVRG) last issued its quarterly earnings data 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 firm had revenue of $1.50 billion during the quarter, compared to analysts’ expectations 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 company posted $0.82 earnings per share. Evergy has set its FY 2026 guidance at 4.140-4.340 EPS. Equities analysts expect that Evergy Inc. will post 4.25 EPS for the current fiscal year.

Evergy Announces Dividend

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

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.