Teilinger Capital Ltd. Lowers Holdings in Evergy Inc. $EVRG

Teilinger Capital Ltd. lowered its stake in shares of Evergy Inc. (NASDAQ:EVRG) by 25.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 430,000 shares of the company’s stock after selling 150,000 shares during the quarter. Evergy makes up approximately 1.6% of Teilinger Capital Ltd.’s portfolio, making the stock its largest holding. Teilinger Capital Ltd.’s holdings in Evergy were worth $31,171,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Geode Capital Management LLC lifted its stake in Evergy by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 6,447,150 shares of the company’s stock valued at $465,684,000 after acquiring an additional 105,842 shares during the period. Franklin Resources Inc. lifted its stake in Evergy by 0.6% during the 4th quarter. Franklin Resources Inc. now owns 6,091,518 shares of the company’s stock valued at $441,574,000 after acquiring an additional 33,457 shares during the period. Federated Hermes Inc. lifted its stake in Evergy by 1.6% during the 4th quarter. Federated Hermes Inc. now owns 3,760,548 shares of the company’s stock valued at $272,602,000 after acquiring an additional 57,814 shares during the period. Northern Trust Corp lifted its stake in Evergy by 10.6% during the 3rd quarter. Northern Trust Corp now owns 2,760,494 shares of the company’s stock valued at $209,853,000 after acquiring an additional 263,619 shares during the period. Finally, Magellan Asset Management Ltd lifted its stake in Evergy by 3.4% during the 3rd quarter. Magellan Asset Management Ltd now owns 2,444,381 shares of the company’s stock valued at $185,822,000 after acquiring an additional 79,888 shares during the period. Institutional investors own 87.24% of the company’s stock.

Wall Street Analysts Forecast Growth

EVRG has been the topic of several recent research reports. Mizuho set a $82.00 price objective on shares of Evergy in a research note on Monday, February 23rd. BTIG Research initiated coverage on shares of Evergy in a research note on Thursday, April 9th. They issued a “buy” rating and a $99.00 price objective on the stock. BMO Capital Markets increased their price objective on shares of Evergy from $82.00 to $87.00 and gave the stock an “outperform” rating in a research note on Monday, February 23rd. Wells Fargo & Company set a $87.00 price objective on shares of Evergy in a research note on Tuesday, April 21st. Finally, Bank of America lowered their price objective on shares of Evergy from $89.00 to $88.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. 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, the company currently has an average rating of “Moderate Buy” and a consensus price target of $89.60.

Insider Transactions at Evergy

In related news, Director Sandra Aj Lawrence sold 600 shares of the 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 completion of the sale, the director directly owned 680 shares of the company’s stock, valued at approximately $55,358.80. This represents a 46.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last ninety days, insiders have sold 1,961 shares of company stock valued at $161,587. Corporate insiders own 1.52% of the company’s stock.

Evergy Price Performance

Shares of NASDAQ:EVRG opened at $83.85 on Friday. The firm’s 50 day moving average price is $82.38 and its 200-day moving average price is $79.21. Evergy Inc. has a twelve month low of $66.19 and a twelve month high of $85.27. The company has a quick ratio of 0.24, a current ratio of 0.45 and a debt-to-equity ratio of 1.29. The stock has a market capitalization of $19.33 billion, a PE ratio of 22.24, a price-to-earnings-growth ratio of 2.15 and a beta of 0.54.

Evergy (NASDAQ:EVRG) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.69 earnings per share 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 firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter in the prior year, the business earned $0.54 EPS. The business’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 research analysts expect that Evergy Inc. will post 4.25 EPS for the current year.

Evergy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Friday, May 22nd will be issued a $0.695 dividend. This represents a $2.78 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Friday, May 22nd. Evergy’s dividend payout ratio is currently 73.74%.

Evergy 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.