Sumitomo Mitsui DS Asset Management Company Ltd Raises Stock Holdings in Evergy, Inc. (NASDAQ:EVRG)

Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Evergy, Inc. (NASDAQ:EVRG) by 0.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 49,226 shares of the company’s stock after purchasing an additional 209 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Evergy were worth $3,030,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Truvestments Capital LLC purchased a new position in shares of Evergy during the third quarter worth $32,000. Sentry Investment Management LLC acquired a new position in Evergy during the 3rd quarter worth about $51,000. USA Financial Formulas purchased a new position in Evergy during the 4th quarter valued at about $73,000. Venturi Wealth Management LLC grew its position 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 acquiring an additional 966 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in Evergy by 33.6% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,427 shares of the company’s stock worth $88,000 after purchasing an additional 359 shares during the period. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on EVRG. Mizuho started coverage on shares of Evergy in a research note on Tuesday, October 29th. They issued an “outperform” rating and a $67.00 price objective for the company. Guggenheim upgraded shares of Evergy from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. LADENBURG THALM/SH SH raised Evergy from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $59.00 to $68.50 in a research report on Thursday, January 2nd. Barclays decreased their target price on Evergy from $65.00 to $62.00 and set an “overweight” rating for the company in a report on Monday, January 27th. Finally, Wells Fargo & Company upped their price target on Evergy from $65.00 to $69.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $65.36.

Insider Activity at Evergy

In other news, EVP Kevin E. Bryant sold 48,141 shares of the business’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $62.93, for a total value of $3,029,513.13. Following the completion of the sale, the executive vice president now directly 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 Securities & Exchange Commission, which is accessible through this link. 0.47% of the stock is owned by corporate insiders.

Evergy Stock Performance

NASDAQ:EVRG opened at $65.21 on Monday. Evergy, Inc. has a 12 month low of $48.04 and a 12 month high of $65.80. 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 firm has a market capitalization of $15.00 billion, a PE ratio of 17.62, a price-to-earnings-growth ratio of 2.75 and a beta of 0.66. The business’s fifty day moving average price is $62.42 and its 200 day moving average price is $61.28.

Evergy (NASDAQ:EVRG) last released its quarterly earnings data on Thursday, November 7th. The company reported $2.02 EPS for the quarter, beating analysts’ consensus estimates of $1.95 by $0.07. Evergy had a return on equity of 8.77% and a net margin of 14.77%. The business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $2.35 billion. During the same quarter in the prior year, the business posted $1.88 EPS. The business’s revenue for the quarter 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 fiscal 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.