Great Lakes Advisors LLC Purchases New Position in Evergy Inc. $EVRG

Great Lakes Advisors LLC acquired a new position in shares of Evergy Inc. (NASDAQ:EVRG) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 39,695 shares of the company’s stock, valued at approximately $3,431,000.

Several other institutional investors also recently modified their holdings of EVRG. MidFirst Bank acquired a new stake in shares of Evergy during the fourth quarter valued at about $25,000. Prosperity Bancshares Inc acquired a new stake in Evergy during the 4th quarter worth approximately $32,000. Clearstead Trust LLC acquired a new stake in Evergy during the 2nd quarter worth approximately $33,000. Triumph Capital Management grew its holdings in Evergy by 104.8% during the 4th quarter. Triumph Capital Management now owns 508 shares of the company’s stock worth $37,000 after acquiring an additional 260 shares during the last quarter. Finally, Transamerica Financial Advisors LLC grew its holdings in Evergy by 163.2% during the 4th quarter. Transamerica Financial Advisors LLC now owns 529 shares of the company’s stock worth $38,000 after acquiring an additional 328 shares during the last quarter. 87.24% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Sandra Aj Lawrence sold 761 shares of the firm’s stock in a transaction 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 $139,960.80. This trade represents a 31.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Charles A. Caisley sold 10,787 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $83.46, for a total transaction of $900,283.02. Following the sale, the executive vice president owned 37,789 shares of the company’s stock, valued at $3,153,869.94. This trade represents a 22.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 12,748 shares of company stock valued at $1,061,870 in the last 90 days. Corporate insiders own 1.52% of the company’s stock.

Evergy Stock Performance

NASDAQ EVRG opened at $83.16 on Friday. The company has a fifty day simple moving average of $84.83 and a 200 day simple moving average of $82.83. Evergy Inc. has a 12-month low of $70.42 and a 12-month high of $88.62. The company has a current ratio of 0.36, a quick ratio of 0.21 and a debt-to-equity ratio of 1.20. The company has a market cap of $19.17 billion, a P/E ratio of 21.11, a PEG ratio of 2.17 and a beta of 0.54.

Evergy (NASDAQ:EVRG) last posted its earnings results on Thursday, August 6th. The company reported $0.88 earnings per share for the quarter, topping 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 company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the prior year, the business posted $0.82 EPS. Evergy has set its FY 2026 guidance at 4.140-4.340 EPS. Sell-side analysts predict that Evergy Inc. will post 4.25 earnings per share for the current fiscal year.

Evergy Announces Dividend

The firm 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. This represents a $2.78 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Tuesday, August 18th. Evergy’s dividend payout ratio is 70.56%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on EVRG. BTIG Research set a $97.00 price target on shares of Evergy in a research note on Thursday, July 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Evergy in a research note on Friday, August 7th. Citigroup increased 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. BMO Capital Markets raised their price objective on Evergy from $88.00 to $92.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 22nd. Finally, Barclays lifted their target price on shares of Evergy from $89.00 to $94.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 30th. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $90.60.

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.