Apollon Financial LLC Invests $288,000 in Evergy, Inc. (NASDAQ:EVRG)

Apollon Financial LLC acquired a new stake in shares of Evergy, Inc. (NASDAQ:EVRG - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 4,672 shares of the company's stock, valued at approximately $288,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in EVRG. Sunbelt Securities Inc. boosted its position in shares of Evergy by 2.2% in the 3rd quarter. Sunbelt Securities Inc. now owns 7,778 shares of the company's stock worth $482,000 after purchasing an additional 168 shares in the last quarter. Hexagon Capital Partners LLC boosted its holdings in 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 in the last quarter. Empirical Finance LLC boosted its holdings in Evergy by 2.3% in the third quarter. Empirical Finance LLC now owns 7,751 shares of the company's stock worth $481,000 after acquiring an additional 171 shares in the last quarter. Mather Group LLC. grew its stake in shares of Evergy by 5.7% in the fourth quarter. Mather Group LLC. now owns 3,231 shares of the company's stock worth $199,000 after acquiring an additional 173 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC increased its holdings in shares of Evergy by 2.5% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 7,322 shares of the company's stock valued at $451,000 after acquiring an additional 182 shares in the last quarter. Hedge funds and other institutional investors own 87.24% of the company's stock.

Insider Transactions at Evergy

In other Evergy news, EVP Kevin E. Bryant sold 48,141 shares of the company's stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $62.93, for a total transaction 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. This represents a 100.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.47% of the company's stock.

Evergy Stock Performance

NASDAQ:EVRG traded up $0.59 during trading hours on Monday, reaching $65.80. The company had a trading volume of 1,287,470 shares, compared to its average volume of 1,758,595. The firm has a market cap of $15.13 billion, a price-to-earnings ratio of 17.78, a PEG ratio of 2.75 and a beta of 0.66. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15. The firm's 50 day moving average price is $62.47 and its 200-day moving average price is $61.35. Evergy, Inc. has a 52 week low of $48.17 and a 52 week high of $65.82.

Evergy (NASDAQ:EVRG - Get Free Report) last issued 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. Evergy had a return on equity of 8.77% and a net margin of 14.77%. The company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $2.35 billion. During the same quarter in the previous year, the company posted $1.88 earnings per share. Evergy's revenue was up 8.5% compared to the same quarter last year. On average, analysts forecast that Evergy, Inc. will post 3.84 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on EVRG shares. Mizuho assumed coverage on shares of Evergy in a research note on Tuesday, October 29th. They issued an "outperform" rating and a $67.00 price target on the stock. Wells Fargo & Company upped their target price on shares of Evergy from $65.00 to $69.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 16th. Guggenheim raised shares of Evergy from a "neutral" rating to a "buy" rating in a research report 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 company from $59.00 to $68.50 in a research report on Thursday, January 2nd. Finally, Barclays reduced 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. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $65.36.

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.