Focus Partners Advisor Solutions LLC Invests $585,000 in Evergy Inc. $EVRG

Focus Partners Advisor Solutions LLC bought a new position in shares of Evergy Inc. (NASDAQ:EVRG) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,767 shares of the company’s stock, valued at approximately $585,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MidFirst Bank purchased a new position in Evergy in the fourth quarter valued at approximately $25,000. Clearstead Trust LLC acquired a new stake in Evergy during the second quarter worth approximately $33,000. Prosperity Bancshares Inc purchased a new stake in shares of Evergy during the 4th quarter worth approximately $32,000. Cedar Mountain Advisors LLC purchased a new stake in shares of Evergy during the 1st quarter worth approximately $40,000. Finally, Triumph Capital Management boosted its holdings in shares of Evergy by 104.8% in the 4th quarter. Triumph Capital Management now owns 508 shares of the company’s stock valued at $37,000 after buying an additional 260 shares in the last quarter. 87.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on EVRG shares. UBS Group increased their target price on shares of Evergy from $88.00 to $91.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Barclays boosted their price target on shares of Evergy from $89.00 to $94.00 and gave the company an “overweight” rating in a research report on Tuesday, June 30th. Citigroup upped their price objective on shares of Evergy from $95.00 to $97.00 and gave the company a “buy” rating in a research note on Friday, July 24th. BTIG Research set a $97.00 price objective on Evergy in a report on Thursday, July 23rd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Evergy in a research report on Friday, August 7th. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $90.60.

Insider Buying and Selling at Evergy

In other news, Director Sandra Aj Lawrence sold 761 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $83.31, for a total value of $63,398.91. Following the completion of the sale, the director directly owned 1,680 shares of the company’s stock, valued at approximately $139,960.80. This represents a 31.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Charles A. Caisley sold 10,787 shares of the stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $83.46, for a total transaction of $900,283.02. Following the sale, the executive vice president owned 37,789 shares of the company’s stock, valued at $3,153,869.94. This trade represents a 22.21% decrease in their position. The disclosure for this sale is available in the SEC filing. 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 worth $1,061,870 over the last three months. 1.52% of the stock is currently owned by insiders.

Evergy Price Performance

Shares of NASDAQ EVRG opened at $83.93 on Tuesday. The stock has a market cap of $19.35 billion, a P/E ratio of 21.30, a P/E/G ratio of 2.18 and a beta of 0.54. Evergy Inc. has a twelve month low of $70.42 and a twelve month high of $88.62. The stock has a 50 day moving average of $84.78 and a two-hundred day moving average of $82.69. The company has a current ratio of 0.36, a quick ratio of 0.21 and a debt-to-equity ratio of 1.20.

Evergy (NASDAQ:EVRG) last announced its earnings results on Thursday, August 6th. The company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.07. The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.36 billion. Evergy had a net margin of 15.19% and a return on equity of 9.20%. During the same period last year, the firm posted $0.82 earnings per share. Evergy has set its FY 2026 guidance at 4.140-4.340 EPS. On average, research analysts forecast that Evergy Inc. will post 4.25 earnings per share for the current year.

Evergy Dividend Announcement

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

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.