Lion Street Advisors LLC Increases Position in Evergy, Inc. (NASDAQ:EVRG)

Lion Street Advisors LLC increased its position in Evergy, Inc. (NASDAQ:EVRG) by 11.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 13,490 shares of the company’s stock after buying an additional 1,399 shares during the period. Lion Street Advisors LLC’s holdings in Evergy were worth $830,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of EVRG. HighTower Advisors LLC boosted its stake in shares of Evergy by 391.1% in the third quarter. HighTower Advisors LLC now owns 97,186 shares of the company’s stock worth $6,030,000 after acquiring an additional 77,398 shares during the period. Bank of Montreal Can boosted its stake in Evergy by 29.1% in the 3rd quarter. Bank of Montreal Can now owns 997,832 shares of the company’s stock worth $61,806,000 after purchasing an additional 224,679 shares during the period. BNP Paribas Financial Markets grew its holdings in Evergy by 34.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 945,148 shares of the company’s stock valued at $58,609,000 after buying an additional 239,599 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Evergy by 2.9% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 515,306 shares of the company’s stock valued at $31,954,000 after buying an additional 14,383 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Evergy by 23.1% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 10,692 shares of the company’s stock worth $658,000 after buying an additional 2,004 shares in the last quarter. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Analysts Set New Price Targets

EVRG has been the topic of a number of research reports. LADENBURG THALM/SH SH upgraded shares of Evergy from a “neutral” rating to a “buy” rating and lifted their price target for the company from $59.00 to $68.50 in a report on Thursday, January 2nd. Guggenheim raised Evergy from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Barclays dropped their price target on Evergy from $65.00 to $62.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. Mizuho assumed coverage on Evergy in a research note on Tuesday, October 29th. They issued an “outperform” rating and a $67.00 price objective on the stock. Finally, Wells Fargo & Company raised their target price 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 equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Evergy currently has an average rating of “Moderate Buy” and a consensus price target of $65.36.

Insider Activity

In related news, EVP Kevin E. Bryant sold 48,141 shares of the business’s stock in a transaction 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 completion of the transaction, the executive vice president now owns 1 shares in the company, valued at $62.93. The trade was a 100.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 3.26% of the company’s stock.

Evergy Stock Performance

NASDAQ:EVRG opened at $64.31 on Wednesday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.55. The stock’s fifty day moving average is $62.40 and its 200 day moving average is $61.08. The firm 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, Inc. has a fifty-two week low of $48.04 and a fifty-two week high of $65.47.

Evergy (NASDAQ:EVRG) last released its earnings results on Thursday, November 7th. The company reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.07. Evergy had a net margin of 14.77% and a return on equity of 8.77%. The firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $2.35 billion. During the same quarter last year, the business earned $1.88 EPS. The business’s revenue was up 8.5% on a year-over-year basis. On average, sell-side analysts anticipate that Evergy, Inc. will post 3.84 earnings per share for the current year.

Evergy Profile

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.