Citizens Financial Group Inc. RI Invests $598,000 in Evergy Inc. $EVRG

Citizens Financial Group Inc. RI purchased a new stake in shares of Evergy Inc. (NASDAQ:EVRG) during the second quarter, HoldingsChannel reports. The institutional investor purchased 6,924 shares of the company’s stock, valued at approximately $598,000.

Several other institutional investors and hedge funds also recently made changes to their positions in EVRG. Cullen Frost Bankers Inc. increased its holdings in shares of Evergy by 4.9% in the 4th quarter. Cullen Frost Bankers Inc. now owns 316,511 shares of the company’s stock worth $22,944,000 after purchasing an additional 14,907 shares in the last quarter. Vestcor Inc lifted its holdings in shares of Evergy by 49.6% during the fourth quarter. Vestcor Inc now owns 174,330 shares of the company’s stock valued at $12,637,000 after purchasing an additional 57,795 shares in the last quarter. Qsemble Capital Management LP lifted its holdings in shares of Evergy by 295.4% during the fourth quarter. Qsemble Capital Management LP now owns 105,780 shares of the company’s stock valued at $7,668,000 after purchasing an additional 79,029 shares in the last quarter. Fulcrum Asset Management LLP boosted its position in shares of Evergy by 119.1% during the fourth quarter. Fulcrum Asset Management LLP now owns 43,867 shares of the company’s stock valued at $3,180,000 after buying an additional 23,842 shares during the last quarter. Finally, RIA Advisory Group LLC purchased a new stake in shares of Evergy during the fourth quarter valued at $967,000. Institutional investors own 87.24% of the company’s stock.

Analyst Upgrades and Downgrades

EVRG has been the subject of several research analyst reports. Barclays lifted their price objective on Evergy from $89.00 to $94.00 and gave the stock an “overweight” rating in a report on Tuesday, June 30th. Citigroup raised their price target on shares of Evergy from $95.00 to $97.00 and gave the company a “buy” rating in a report on Friday, July 24th. UBS Group lifted their price target on shares of Evergy from $88.00 to $91.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Weiss Ratings reissued a “buy (b)” rating on shares of Evergy in a report on Friday, August 7th. Finally, BTIG Research set a $97.00 price objective on shares of Evergy in a report on Thursday, July 23rd. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $90.60.

Insider Activity

In related news, Director Sandra Aj Lawrence sold 600 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $81.41, for a total value of $48,846.00. Following the transaction, the director owned 680 shares of the company’s stock, valued at approximately $55,358.80. This trade represents a 46.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Charles A. Caisley sold 10,787 shares of the firm’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 directly owned 37,789 shares in the company, valued at approximately $3,153,869.94. The trade was a 22.21% decrease in their position. 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. Insiders have sold a total of 12,748 shares of company stock valued at $1,061,870 in the last ninety days. Insiders own 1.52% of the company’s stock.

Evergy Stock Performance

EVRG stock opened at $83.58 on Thursday. The company has a market cap of $19.27 billion, a P/E ratio of 21.21, a price-to-earnings-growth ratio of 2.16 and a beta of 0.54. Evergy Inc. has a 1 year low of $70.42 and a 1 year high of $88.62. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.36 and a quick ratio of 0.21. The stock’s fifty day moving average price is $84.82 and its 200-day moving average price is $82.79.

Evergy (NASDAQ:EVRG) last issued its quarterly earnings data on Thursday, August 6th. 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 in the previous year, the company posted $0.82 earnings per share. 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 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Tuesday, August 18th will be paid a dividend of $0.695 per share. This represents a $2.78 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Tuesday, August 18th. Evergy’s payout ratio is currently 70.56%.

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.