Evergy, Inc. (NASDAQ:EVRG) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue lowered its position in Evergy, Inc. (NASDAQ:EVRG - Free Report) by 28.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 48,993 shares of the company's stock after selling 19,554 shares during the quarter. State of Alaska Department of Revenue's holdings in Evergy were worth $3,014,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of EVRG. Truvestments Capital LLC purchased a new stake in Evergy in the 3rd quarter valued at $32,000. Sentry Investment Management LLC purchased a new stake in shares of Evergy in the third quarter valued at about $51,000. USA Financial Formulas acquired a new stake in shares of Evergy during the fourth quarter worth about $73,000. Venturi Wealth Management LLC grew its holdings in shares of Evergy by 230.0% during the third quarter. Venturi Wealth Management LLC now owns 1,386 shares of the company's stock worth $86,000 after buying an additional 966 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its position in Evergy by 33.6% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,427 shares of the company's stock valued at $88,000 after acquiring an additional 359 shares during the period. 87.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on EVRG. Mizuho began coverage on Evergy in a research report on Tuesday, October 29th. They set an "outperform" rating and a $67.00 price objective for the company. LADENBURG THALM/SH SH raised Evergy from a "neutral" rating to a "buy" rating and increased their price target for the stock from $59.00 to $68.50 in a report on Thursday, January 2nd. Guggenheim raised shares of Evergy from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. Barclays reduced their target price on shares of Evergy from $65.00 to $62.00 and set an "overweight" rating for the company in a research note on Monday, January 27th. Finally, Wells Fargo & Company boosted their price target 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. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $65.36.

Insider Buying and Selling

In other news, EVP Kevin E. Bryant sold 48,141 shares of the firm's stock in a transaction on 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 transaction, the executive vice president now owns 1 shares in the company, valued at $62.93. This trade represents a 100.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.47% of the stock is currently owned by insiders.

Evergy Price Performance

EVRG stock traded up $0.59 during trading on Monday, reaching $65.80. 1,287,470 shares of the company were exchanged, compared to its average volume of 1,758,595. 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 50 day moving average price is $62.42 and its 200 day moving average price is $61.28. Evergy, Inc. has a 52-week low of $48.17 and a 52-week high of $65.82. The company has a market cap of $15.13 billion, a P/E ratio of 17.78, a PEG ratio of 2.75 and a beta of 0.66.

Evergy (NASDAQ:EVRG - Get Free Report) last announced its quarterly earnings results 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 business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same quarter in the previous year, the company earned $1.88 EPS. The company's quarterly revenue was up 8.5% on a year-over-year basis. As a group, analysts predict that Evergy, Inc. will post 3.84 earnings per share for the current fiscal year.

Evergy Company 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.