Vise Technologies Inc. Purchases New Holdings in Evergy Inc. $EVRG

Vise Technologies Inc. acquired a new position in shares of Evergy Inc. (NASDAQ:EVRG) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 15,956 shares of the company’s stock, valued at approximately $1,379,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Uptick Partners LLC bought a new position in shares of Evergy during the second quarter valued at approximately $315,000. Johnson Financial Group Inc. bought a new stake in shares of Evergy in the 2nd quarter worth approximately $2,584,000. West Family Investments Inc. bought a new stake in shares of Evergy in the 2nd quarter worth approximately $305,000. Knuff & Co LLC bought a new stake in shares of Evergy in the 2nd quarter worth approximately $30,000. Finally, Great Lakes Advisors LLC purchased a new stake in shares of Evergy in the 2nd quarter worth approximately $3,431,000. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Analyst Upgrades and Downgrades

EVRG has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Evergy in a research report on Friday, August 7th. UBS Group boosted their target price on Evergy from $88.00 to $91.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. BMO Capital Markets increased their target price on Evergy from $88.00 to $92.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 22nd. BTIG Research set a $97.00 price target on Evergy in a report on Thursday, July 23rd. Finally, Citigroup lifted their price target on Evergy from $95.00 to $97.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Eight investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $90.60.

Evergy Stock Down 2.7%

EVRG stock opened at $80.92 on Friday. The stock has a market capitalization of $18.66 billion, a P/E ratio of 20.54, a P/E/G ratio of 2.10 and a beta of 0.54. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.36 and a quick ratio of 0.21. Evergy Inc. has a 1-year low of $70.42 and a 1-year high of $88.62. The business has a fifty day moving average price of $84.77 and a 200-day moving average price of $82.82.

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

Evergy Dividend Announcement

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 issued a dividend of $0.695 per share. This represents a $2.78 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Tuesday, August 18th. Evergy’s dividend payout ratio (DPR) is presently 70.56%.

Insider Transactions at Evergy

In other news, EVP Charles A. Caisley sold 10,787 shares of the business’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 transaction of $900,283.02. Following the completion of the transaction, the executive vice president directly owned 37,789 shares of the company’s stock, valued at $3,153,869.94. The trade was a 22.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Sandra Aj Lawrence sold 600 shares of the stock in a transaction that occurred 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 transaction, the director owned 680 shares in the company, valued at approximately $55,358.80. This trade represents a 46.88% decrease in their position. The disclosure for this sale is available in the SEC filing. 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 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.