Key Points
- Evergy director Sandra Aj Lawrence sold 400 shares on May 29 at an average price of $82.04, for total proceeds of $32,816. She now directly owns 1,280 shares, a 23.81% reduction in her stake.
- The company reported solid quarterly results, posting $0.69 EPS versus the $0.63 estimate and revenue of $1.44 billion, above expectations. Evergy also reaffirmed FY2026 EPS guidance of 4.14 to 4.34.
- Evergy continues to offer an attractive dividend and has Wall Street support, with a quarterly payout of $0.695 per share and a 3.5% yield. Analysts currently rate the stock a consensus Moderate Buy with a $89.60 target price.
Evergy Inc. (NASDAQ:EVRG - Get Free Report) Director Sandra Aj Lawrence sold 400 shares of Evergy stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $82.04, for a total transaction of $32,816.00. Following the completion of the transaction, the director directly owned 1,280 shares of the company's stock, valued at $105,011.20. This trade represents a 23.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Sandra Aj Lawrence also recently made the following trade(s):
- On Thursday, May 28th, Sandra Aj Lawrence sold 761 shares of Evergy stock. The shares were sold at an average price of $83.31, for a total transaction of $63,398.91.
Evergy Trading Down 2.0%
NASDAQ EVRG opened at $80.39 on Tuesday. Evergy Inc. has a one year low of $64.70 and a one year high of $85.27. The company has a 50-day simple moving average of $82.06 and a 200-day simple moving average of $78.85. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.24 and a current ratio of 0.45. The firm has a market capitalization of $18.53 billion, a PE ratio of 21.32, a price-to-earnings-growth ratio of 2.13 and a beta of 0.55.
Evergy (NASDAQ:EVRG - Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.63 by $0.06. Evergy had a net margin of 14.63% and a return on equity of 9.09%. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same period in the previous year, the business posted $0.54 EPS. The company's quarterly revenue was up 5.0% on a year-over-year basis. Evergy has set its FY 2026 guidance at 4.140-4.340 EPS. On average, equities analysts forecast 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 Thursday, June 18th. Stockholders of record on Friday, May 22nd will be issued a $0.695 dividend. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $2.78 annualized dividend and a dividend yield of 3.5%. Evergy's payout ratio is 73.74%.
Institutional Trading of Evergy
A number of institutional investors have recently made changes to their positions in the stock. Caprock Group LLC bought a new stake in shares of Evergy in the 3rd quarter worth approximately $1,482,000. ANTIPODES PARTNERS Ltd bought a new stake in shares of Evergy in the 3rd quarter worth approximately $72,860,000. Orion Porfolio Solutions LLC raised its holdings in shares of Evergy by 32.5% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 83,233 shares of the company's stock worth $6,327,000 after purchasing an additional 20,395 shares in the last quarter. Oppenheimer Asset Management Inc. raised its holdings in shares of Evergy by 9.9% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 209,307 shares of the company's stock worth $15,912,000 after purchasing an additional 18,783 shares in the last quarter. Finally, Goelzer Investment Management Inc. bought a new stake in shares of Evergy in the 4th quarter worth approximately $1,073,000. 87.24% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on the stock. Wells Fargo & Company set a $87.00 price target on shares of Evergy in a report on Tuesday, April 21st. BTIG Research started coverage on shares of Evergy in a research note on Thursday, April 9th. They set a "buy" rating and a $99.00 target price for the company. Mizuho set a $82.00 target price on shares of Evergy in a research note on Monday, February 23rd. Citigroup boosted their target price on shares of Evergy from $89.00 to $95.00 and gave the company a "buy" rating in a research note on Friday, February 20th. Finally, Weiss Ratings raised shares of Evergy from a "buy (b-)" rating to a "buy (b)" rating in a research note on Monday, May 11th. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Evergy currently has a consensus rating of "Moderate Buy" and a consensus target price of $89.60.
Read Our Latest Stock Report on EVRG
Evergy Company Profile
(
Get Free Report)
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.
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