Callan Family Office LLC Acquires Shares of 7,814 Evergy Inc. $EVRG

Callan Family Office LLC bought a new position in shares of Evergy Inc. (NASDAQ:EVRG) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 7,814 shares of the company’s stock, valued at approximately $675,000.

Several other institutional investors have also modified their holdings of EVRG. Keating Financial Advisory Services Inc. purchased a new position in Evergy in the second quarter valued at about $428,000. OneAscent Financial Services LLC purchased a new stake in Evergy during the 2nd quarter worth approximately $288,000. Allworth Financial LP acquired a new position in shares of Evergy in the 2nd quarter valued at approximately $1,513,000. B. Metzler seel. Sohn & Co. AG acquired a new position in shares of Evergy in the 2nd quarter valued at approximately $6,491,000. Finally, Ninepoint Partners LP acquired a new position in shares of Evergy in the 2nd quarter valued at approximately $1,528,000. Institutional investors and hedge funds own 87.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on EVRG shares. Citigroup raised their price target on shares of Evergy from $95.00 to $97.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. BMO Capital Markets upped their price target on shares of Evergy from $88.00 to $92.00 and gave the company an “outperform” rating in a report on Wednesday, July 22nd. BTIG Research set a $97.00 price objective on shares of Evergy in a research note on Thursday, July 23rd. Barclays raised their price objective on shares of Evergy from $89.00 to $94.00 and gave the stock an “overweight” rating in a report on Tuesday, June 30th. Finally, UBS Group boosted their target price on shares of Evergy from $88.00 to $91.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.60.

Evergy Trading Up 0.0%

NASDAQ:EVRG opened at $81.41 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’s 50 day moving average is $84.68 and its two-hundred day moving average is $82.92. Evergy Inc. has a 52 week low of $70.42 and a 52 week high of $88.62. The company has a market cap of $18.77 billion, a PE ratio of 20.66, a P/E/G ratio of 2.11 and a beta of 0.54.

Evergy (NASDAQ:EVRG) last issued its earnings results on Wednesday, August 5th. The company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.81 by $0.07. The company had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.36 billion. Evergy had a return on equity of 9.20% and a net margin of 15.19%.During the same quarter last year, the firm earned $0.82 EPS. On average, analysts predict that Evergy Inc. will post 4.25 EPS for the current 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 issued a $0.695 dividend. This represents a $2.78 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Tuesday, August 18th. Evergy’s payout ratio is currently 70.56%.

Insiders Place Their Bets

In other Evergy news, Director Sandra Aj Lawrence sold 761 shares of the business’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $83.31, for a total transaction of $63,398.91. Following the completion of the sale, the director owned 1,680 shares in the company, valued at $139,960.80. The trade was a 31.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Charles A. Caisley sold 10,787 shares of the stock in a transaction on 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 directly owned 37,789 shares in the company, valued at $3,153,869.94. This trade represents a 22.21% decrease in their ownership of the stock. 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 sold 12,748 shares of company stock valued at $1,061,870. 1.52% of the stock is currently owned by corporate insiders.

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.