Hager Investment Management Services LLC acquired a new stake in shares of Evergy, Inc. (NASDAQ:EVRG – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 3,320 shares of the company’s stock, valued at approximately $204,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Truvestments Capital LLC acquired a new position in shares of Evergy in the third quarter valued at about $32,000. Hexagon Capital Partners LLC lifted its holdings in shares of Evergy by 47.1% in the third quarter. Hexagon Capital Partners LLC now owns 531 shares of the company’s stock worth $33,000 after acquiring an additional 170 shares during the last quarter. Sentry Investment Management LLC bought a new position in shares of Evergy in the third quarter worth about $51,000. USA Financial Formulas bought a new position in shares of Evergy in the fourth quarter worth about $73,000. Finally, Venturi Wealth Management LLC raised its holdings in Evergy by 230.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,386 shares of the company’s stock valued at $86,000 after buying an additional 966 shares during the last quarter. Institutional investors and hedge funds own 87.24% of the company’s stock.
Analysts Set New Price Targets
A number of research analysts recently issued reports on the stock. Barclays dropped their price objective on shares of Evergy from $65.00 to $62.00 and set an “overweight” rating for the company in a report on Monday, January 27th. LADENBURG THALM/SH SH raised shares of Evergy from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $59.00 to $68.50 in a report on Thursday, January 2nd. Guggenheim upgraded Evergy from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Mizuho began coverage on Evergy in a research note on Tuesday, October 29th. They set an “outperform” rating and a $67.00 target price on the stock. Finally, Wells Fargo & Company upped their price objective on shares of Evergy from $65.00 to $69.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Evergy currently has an average rating of “Moderate Buy” and a consensus target price of $65.36.
Evergy Price Performance
Shares of NASDAQ:EVRG opened at $64.31 on Wednesday. Evergy, Inc. has a 1-year low of $48.04 and a 1-year high of $65.47. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.55 and a quick ratio of 0.32. The business has a fifty day moving average price of $62.40 and a 200-day moving average price of $61.08. The company has a market capitalization of $14.79 billion, a PE ratio of 17.38, a PEG ratio of 2.69 and a beta of 0.66.
Evergy (NASDAQ:EVRG – Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The company reported $2.02 EPS for the quarter, topping the consensus estimate of $1.95 by $0.07. The company had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $2.35 billion. Evergy had a return on equity of 8.77% and a net margin of 14.77%. Evergy’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same period last year, the company earned $1.88 EPS. As a group, equities analysts expect that Evergy, Inc. will post 3.84 EPS for the current fiscal year.
Insider Activity
In other news, EVP Kevin E. Bryant sold 48,141 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $62.93, for a total transaction of $3,029,513.13. Following the transaction, the executive vice president now owns 1 shares of the company’s stock, valued at approximately $62.93. The trade was a 100.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 3.26% of the company’s stock.
About Evergy
Evergy, Inc, together with its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in the United States. The company generates electricity through coal, landfill gas, uranium, and natural gas and oil sources, as well as solar, wind, other renewable sources. It serves residences, commercial firms, industrials, municipalities, and other electric utilities.
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