Greenland Capital Management LP Invests $8.23 Million in Evergy Inc. $EVRG

Greenland Capital Management LP bought a new stake 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 bought 95,220 shares of the company’s stock, valued at approximately $8,230,000. Evergy comprises approximately 1.0% of Greenland Capital Management LP’s portfolio, making the stock its 18th biggest holding.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Energy Income Partners LLC bought a new position in Evergy during the second quarter valued at $110,394,000. Adage Capital Partners GP L.L.C. grew its stake in shares of Evergy by 476.6% in the 4th 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 in the last quarter. Freestone Grove Partners LP increased its holdings in shares of Evergy by 321.1% in the 4th quarter. Freestone Grove Partners LP now owns 854,739 shares of the company’s stock worth $61,960,000 after buying an additional 651,738 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Evergy in the 2nd quarter worth about $47,769,000. Finally, Renaissance Technologies LLC raised its position in shares of Evergy by 122.4% during the 4th quarter. Renaissance Technologies LLC now owns 811,202 shares of the company’s stock valued at $58,804,000 after buying an additional 446,400 shares in the last quarter. 87.24% of the stock is owned by hedge funds and other institutional investors.

Evergy Price Performance

EVRG stock opened at $80.92 on Friday. The stock has a market cap of $18.66 billion, a PE ratio of 20.54, a P/E/G ratio of 2.10 and a beta of 0.54. Evergy Inc. has a 12 month low of $70.42 and a 12 month high of $88.62. The company has a 50-day moving average price of $84.77 and a 200 day moving average price of $82.82. The company has a current ratio of 0.36, a quick ratio of 0.21 and a debt-to-equity ratio of 1.20.

Evergy (NASDAQ:EVRG) last posted its quarterly earnings data 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 period in the prior year, the company posted $0.82 EPS. Evergy has set its FY 2026 guidance at 4.140-4.340 EPS. Equities research analysts anticipate that Evergy Inc. will post 4.25 earnings per share for the current year.

Evergy Announces Dividend

The firm 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 $0.695 dividend. This represents a $2.78 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Tuesday, August 18th. Evergy’s dividend payout ratio is presently 70.56%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on EVRG shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Evergy in a report on Friday, August 7th. BTIG Research set a $97.00 price objective on Evergy in a research note on Thursday, July 23rd. BMO Capital Markets upped their price objective on Evergy from $88.00 to $92.00 and gave the company an “outperform” rating in a research report on Wednesday, July 22nd. Barclays raised 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. Finally, UBS Group lifted 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. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.60.

Insider Buying and Selling

In other Evergy news, Director Sandra Aj Lawrence sold 600 shares of the company’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $81.41, for a total value of $48,846.00. Following the transaction, the director owned 680 shares of the company’s stock, valued at $55,358.80. This represents a 46.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Charles A. Caisley sold 10,787 shares of the company’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 completion of the transaction, the executive vice president directly owned 37,789 shares in the company, 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 have sold a total of 12,748 shares of company stock valued at $1,061,870 over the last three months. 1.52% of the stock is owned by corporate insiders.

About Evergy

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.