Insider Selling: Evergy (NASDAQ:EVRG) Director Sells $16,526.00 in Stock

Evergy Inc. (NASDAQ:EVRG) Director Sandra Aj Lawrence sold 200 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $82.63, for a total transaction of $16,526.00. Following the sale, the director directly owned 480 shares in the company, valued at $39,662.40. This represents a 29.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Sandra Aj Lawrence also recently made the following trade(s):

• On Tuesday, June 2nd, Sandra Aj Lawrence sold 600 shares of Evergy stock. The stock was sold at an average price of $81.41, for a total transaction of $48,846.00.
• On Friday, May 29th, Sandra Aj Lawrence sold 400 shares of Evergy stock. The stock was sold at an average price of $82.04, for a total transaction of $32,816.00.
• On Thursday, May 28th, Sandra Aj Lawrence sold 761 shares of Evergy stock. The stock was sold at an average price of $83.31, for a total transaction of $63,398.91.

Evergy Price Performance

Evergy stock opened at $83.27 on Friday. Evergy Inc. has a 12-month low of $64.80 and a 12-month high of $85.27. The stock has a market capitalization of $19.19 billion, a P/E ratio of 22.09, a P/E/G ratio of 2.16 and a beta of 0.54. The firm’s 50-day moving average is $82.25 and its two-hundred day moving average is $78.98. 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) last released its earnings results on Thursday, May 7th. The company reported $0.69 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $1.27 billion. During the same period last year, the company earned $0.54 earnings per share. 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. Equities analysts predict that Evergy Inc. will post 4.25 earnings per share for the current year.

Evergy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Friday, May 22nd will be given 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 3.3%. Evergy’s dividend payout ratio (DPR) is currently 73.74%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC raised its holdings in Evergy by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 6,447,150 shares of the company’s stock valued at $465,684,000 after buying an additional 105,842 shares during the period. Franklin Resources Inc. raised its holdings in Evergy by 0.6% in the fourth quarter. Franklin Resources Inc. now owns 6,091,518 shares of the company’s stock valued at $441,574,000 after buying an additional 33,457 shares during the period. Federated Hermes Inc. raised its holdings in Evergy by 1.6% in the fourth quarter. Federated Hermes Inc. now owns 3,760,548 shares of the company’s stock valued at $272,602,000 after buying an additional 57,814 shares during the period. Northern Trust Corp raised its holdings in Evergy by 10.6% in the third quarter. Northern Trust Corp now owns 2,760,494 shares of the company’s stock valued at $209,853,000 after buying an additional 263,619 shares during the period. Finally, Magellan Asset Management Ltd raised its holdings in Evergy by 3.4% in the third quarter. Magellan Asset Management Ltd now owns 2,444,381 shares of the company’s stock valued at $185,822,000 after buying an additional 79,888 shares during the period. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. BTIG Research assumed coverage on shares of Evergy in a research report on Thursday, April 9th. They issued a “buy” rating and a $99.00 target price on the stock. Wall Street Zen raised shares of Evergy from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. Mizuho set a $82.00 target price on shares of Evergy in a research report on Monday, February 23rd. UBS Group raised 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. Finally, Bank of America decreased their target price on shares of Evergy from $89.00 to $88.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. Eight investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $89.60.

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.