Evergy Inc. (NASDAQ:EVRG - Get Free Report) EVP Charles Caisley sold 10,787 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the executive vice president owned 37,789 shares of the company's stock, valued at approximately $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 this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Evergy Stock Performance
EVRG opened at $83.97 on Wednesday. The firm has a market cap of $19.36 billion, a P/E ratio of 22.27, a PEG ratio of 2.16 and a beta of 0.54. Evergy Inc. has a 1-year low of $66.19 and a 1-year high of $85.27. The company has a 50 day simple moving average of $82.42 and a two-hundred day simple moving average of $79.32. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.45 and a quick ratio of 0.24.
Evergy (NASDAQ:EVRG - Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.69 earnings per share for the quarter, topping analysts' consensus estimates of $0.63 by $0.06. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.27 billion. Evergy had a net margin of 14.63% and a return on equity of 9.09%. The company's revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.54 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 Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Friday, May 22nd will be given a $0.695 dividend. This represents a $2.78 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Friday, May 22nd. Evergy's dividend payout ratio is presently 73.74%.
Analysts Set New Price Targets
Several research firms have recently commented on EVRG. Wall Street Zen raised shares of Evergy from a "sell" rating to a "hold" rating in a report on Saturday, February 21st. Weiss Ratings raised shares of Evergy from a "buy (b-)" rating to a "buy (b)" rating in a report on Monday, May 11th. Citigroup boosted their target price on shares of Evergy from $89.00 to $95.00 and gave the stock a "buy" rating in a report on Friday, February 20th. BMO Capital Markets boosted their target price on shares of Evergy from $82.00 to $87.00 and gave the stock an "outperform" rating in a report on Monday, February 23rd. Finally, Mizuho set a $82.00 target price on shares of Evergy in a report on Monday, February 23rd. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Evergy has an average rating of "Moderate Buy" and an average price target of $89.60.
Check Out Our Latest Stock Analysis on EVRG
Hedge Funds Weigh In On Evergy
Hedge funds have recently modified their holdings of the stock. MidFirst Bank purchased a new position in shares of Evergy in the fourth quarter worth $25,000. Harbor Capital Advisors Inc. purchased a new stake in Evergy during the fourth quarter valued at $27,000. Accredited Wealth Management LLC raised its stake in Evergy by 1,310.3% during the third quarter. Accredited Wealth Management LLC now owns 409 shares of the company's stock valued at $31,000 after purchasing an additional 380 shares in the last quarter. Prosperity Bancshares Inc purchased a new stake in Evergy during the fourth quarter valued at $32,000. Finally, Cedar Mountain Advisors LLC purchased a new stake in Evergy during the first quarter valued at $40,000. Hedge funds and other institutional investors own 87.24% of the company's stock.
About Evergy
(
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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