KBC Group NV lowered its position in Evergy, Inc. (NASDAQ:EVRG - Free Report) by 40.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,769 shares of the company's stock after selling 8,670 shares during the period. KBC Group NV's holdings in Evergy were worth $786,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also modified their holdings of the company. Truvestments Capital LLC purchased a new position in Evergy during the 3rd quarter valued at $32,000. Hexagon Capital Partners LLC increased its position in shares of Evergy by 47.1% during 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 period. Sentry Investment Management LLC purchased a new position in shares of Evergy during the third quarter worth approximately $51,000. USA Financial Formulas purchased a new stake in shares of Evergy in the fourth quarter valued at approximately $73,000. Finally, Venturi Wealth Management LLC grew its stake in Evergy by 230.0% in the third quarter. Venturi Wealth Management LLC now owns 1,386 shares of the company's stock worth $86,000 after purchasing an additional 966 shares in the last quarter. Hedge funds and other institutional investors own 87.24% of the company's stock.
Evergy Stock Up 1.0 %
NASDAQ EVRG traded up $0.66 on Wednesday, hitting $64.97. The stock had a trading volume of 1,407,310 shares, compared to its average volume of 1,787,205. Evergy, Inc. has a 52-week low of $48.04 and a 52-week high of $65.47. The business's fifty day moving average price is $62.40 and its 200 day moving average price is $61.11. 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 stock has a market cap of $14.94 billion, a price-to-earnings ratio of 17.56, a price-to-earnings-growth ratio of 2.69 and a beta of 0.66.
Evergy (NASDAQ:EVRG - Get Free Report) last announced its earnings results on Thursday, November 7th. The company reported $2.02 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $2.35 billion. During the same period in the prior year, the company posted $1.88 EPS. The firm's quarterly revenue was up 8.5% compared to the same quarter last year. Equities research analysts anticipate that Evergy, Inc. will post 3.84 earnings per share for the current year.
Analysts Set New Price Targets
EVRG has been the subject of a number of research analyst reports. LADENBURG THALM/SH SH raised Evergy from a "neutral" rating to a "buy" rating and lifted their target price for the company from $59.00 to $68.50 in a research 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 price target 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. Mizuho assumed coverage on shares of Evergy in a research note on Tuesday, October 29th. They set an "outperform" rating and a $67.00 price objective on the stock. Finally, Wells Fargo & Company boosted their price objective 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 research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, Evergy presently has an average rating of "Moderate Buy" and a consensus price target of $65.36.
Check Out Our Latest Report on Evergy
Insider Buying and Selling
In related 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 position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 3.26% of the stock is owned by company insiders.
Evergy Company Profile
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Free Report)
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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