Wealthfront Advisers LLC Purchases New Position in Evergy Inc. $EVRG

Wealthfront Advisers LLC purchased a new stake in shares of Evergy Inc. (NASDAQ:EVRG) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 155,116 shares of the company’s stock, valued at approximately $13,407,000.

A number of other large investors have also added to or reduced their stakes in the company. Geode Capital Management LLC raised its holdings in shares of Evergy by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 6,447,150 shares of the company’s stock worth $465,684,000 after acquiring an additional 105,842 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Evergy by 0.6% in the fourth quarter. Franklin Resources Inc. now owns 6,091,518 shares of the company’s stock valued at $441,574,000 after purchasing an additional 33,457 shares in the last quarter. Federated Hermes Inc. increased its position in Evergy by 1.6% in the fourth quarter. Federated Hermes Inc. now owns 3,760,548 shares of the company’s stock worth $272,602,000 after purchasing an additional 57,814 shares during the last quarter. Northern Trust Corp increased its position in Evergy by 10.6% in the third 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 last quarter. Finally, Truist Financial Corp raised its stake in Evergy by 28.4% during the fourth quarter. Truist Financial Corp now owns 1,847,410 shares of the company’s stock valued at $133,919,000 after purchasing an additional 408,452 shares in the last quarter. Institutional investors own 87.24% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on EVRG. Barclays increased their price objective on shares of Evergy from $89.00 to $94.00 and gave the company an “overweight” rating in a research report on Tuesday, June 30th. Citigroup upped their target price on shares of Evergy from $95.00 to $97.00 and gave the company a “buy” rating in a research report on Friday, July 24th. BTIG Research set a $97.00 price target on shares of Evergy in a report on Thursday, July 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Evergy in a research report on Friday, August 7th. Finally, UBS Group lifted their price target on Evergy from $88.00 to $91.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.60.

Insider Buying and Selling

In related news, Director Sandra Aj Lawrence sold 761 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $83.31, for a total transaction of $63,398.91. Following the completion of the sale, the director directly owned 1,680 shares of the company’s stock, valued at approximately $139,960.80. This trade represents a 31.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Charles A. Caisley sold 10,787 shares of the business’s stock in a transaction 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 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 ninety days, insiders have sold 12,748 shares of company stock worth $1,061,870. Insiders own 1.52% of the company’s stock.

Evergy Stock Down 0.6%

Shares of EVRG opened at $83.42 on Wednesday. The company has a quick ratio of 0.21, a current ratio of 0.36 and a debt-to-equity ratio of 1.20. The business has a fifty day moving average of $84.81 and a 200 day moving average of $82.74. The company has a market cap of $19.23 billion, a PE ratio of 21.17, a P/E/G ratio of 2.18 and a beta of 0.54. Evergy Inc. has a 52-week low of $70.42 and a 52-week high of $88.62.

Evergy (NASDAQ:EVRG) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.07. Evergy had a net margin of 15.19% and a return on equity of 9.20%. The business had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter in the previous year, the business posted $0.82 earnings per share. Evergy has set its FY 2026 guidance at 4.140-4.340 EPS. On average, sell-side analysts expect that Evergy Inc. will post 4.25 EPS for the current year.

Evergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Tuesday, August 18th will be paid a $0.695 dividend. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $2.78 annualized dividend and a yield of 3.3%. Evergy’s dividend payout ratio (DPR) is presently 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.