Aware Super Pty Ltd as trustee of Aware Super Acquires New Position in Evergy Inc. $EVRG

Aware Super Pty Ltd as trustee of Aware Super bought a new position in shares of Evergy Inc. (NASDAQ:EVRG) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor bought 10,030 shares of the company’s stock, valued at approximately $822,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. MidFirst Bank purchased a new stake in Evergy during the 4th quarter worth about $25,000. Harbor Capital Advisors Inc. purchased a new position in shares of Evergy in the 4th quarter valued at about $27,000. Prosperity Bancshares Inc acquired a new position in shares of Evergy during the fourth quarter worth about $32,000. Triumph Capital Management grew its position in shares of Evergy by 104.8% during the fourth quarter. Triumph Capital Management now owns 508 shares of the company’s stock worth $37,000 after buying an additional 260 shares in the last quarter. Finally, Transamerica Financial Advisors LLC increased its stake in shares of Evergy by 163.2% during the fourth quarter. Transamerica Financial Advisors LLC now owns 529 shares of the company’s stock worth $38,000 after buying an additional 328 shares during the period. 87.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Charles A. Caisley sold 10,787 shares of the firm’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 transaction, the executive vice president directly owned 37,789 shares in the company, valued at approximately $3,153,869.94. This trade represents a 22.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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 Evergy stock in a transaction 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 completion of the transaction, the director directly owned 680 shares in the company, valued at $55,358.80. The trade was a 46.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 12,748 shares of company stock valued at $1,061,870. 1.52% of the stock is owned by company insiders.

Evergy Price Performance

Shares of NASDAQ:EVRG opened at $85.59 on Friday. Evergy Inc. has a 12 month low of $68.00 and a 12 month high of $88.62. The firm has a market capitalization of $19.73 billion, a P/E ratio of 22.70, a P/E/G ratio of 2.22 and a beta of 0.54. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.45 and a quick ratio of 0.24. The company’s fifty day moving average price is $84.13 and its 200 day moving average price is $81.20.

Evergy (NASDAQ:EVRG) last posted its earnings results on Wednesday, May 6th. The company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.06. Evergy had a return on equity of 9.09% and a net margin of 14.63%.The business had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter in the previous year, the firm earned $0.54 earnings per share. The business’s revenue was up 5.0% compared to the same quarter last year. As a group, sell-side analysts predict that Evergy Inc. will post 4.25 earnings per share for the current fiscal year.

Evergy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, May 22nd were paid a $0.695 dividend. The ex-dividend date was Friday, May 22nd. This represents a $2.78 dividend on an annualized basis and a yield of 3.2%. Evergy’s payout ratio is currently 73.74%.

Wall Street Analyst Weigh In

EVRG has been the topic of several analyst reports. Wells Fargo & Company set a $87.00 target price on shares of Evergy in a report on Tuesday, April 21st. Bank of America lowered their price target on shares of Evergy from $89.00 to $88.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. BTIG Research started coverage on shares of Evergy in a research report on Thursday, April 9th. They issued a “buy” rating and a $99.00 price objective on the stock. Barclays raised their price objective on shares of Evergy from $89.00 to $94.00 and gave the company an “overweight” rating in a report on Tuesday, June 30th. Finally, UBS Group lifted their price objective 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 stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $90.10.

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.