Ledyard National Bank Has $3.85 Million Stake in Evergy, Inc. (NASDAQ:EVRG)

Ledyard National Bank lessened its position in shares of Evergy, Inc. (NASDAQ:EVRG - Free Report) by 6.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 62,543 shares of the company's stock after selling 4,010 shares during the period. Ledyard National Bank's holdings in Evergy were worth $3,850,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Bleakley Financial Group LLC raised its position in shares of Evergy by 15.3% during the 4th quarter. Bleakley Financial Group LLC now owns 3,842 shares of the company's stock worth $236,000 after purchasing an additional 510 shares during the period. Trilogy Capital Inc. acquired a new stake in Evergy in the 4th quarter valued at approximately $2,030,000. Lion Street Advisors LLC grew its stake in shares of Evergy by 11.6% in the fourth quarter. Lion Street Advisors LLC now owns 13,490 shares of the company's stock worth $830,000 after purchasing an additional 1,399 shares in the last quarter. Country Club Bank bought a new stake in shares of Evergy during the fourth quarter valued at about $203,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in Evergy by 37.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,366 shares of the company's stock valued at $1,442,000 after buying an additional 6,331 shares in the last quarter. Institutional investors and hedge funds own 87.24% of the company's stock.

Evergy Trading Up 0.5 %

Shares of Evergy stock traded up $0.35 during trading on Monday, hitting $65.56. The stock had a trading volume of 592,799 shares, compared to its average volume of 1,730,750. Evergy, Inc. has a 1 year low of $48.17 and a 1 year high of $65.80. The stock has a 50 day simple moving average of $62.42 and a 200 day simple moving average of $61.28. The company has a quick ratio of 0.32, a current ratio of 0.55 and a debt-to-equity ratio of 1.15. The company has a market capitalization of $15.08 billion, a PE ratio of 17.72, a P/E/G ratio of 2.75 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. The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $2.35 billion. Evergy had a net margin of 14.77% and a return on equity of 8.77%. The company's revenue was up 8.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.88 EPS. On average, research analysts expect that Evergy, Inc. will post 3.84 EPS for the current fiscal year.

Insider Activity

In other news, EVP Kevin E. Bryant sold 48,141 shares of the business's stock in a transaction 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 transaction, the executive vice president now directly 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 SEC, which is available at this link. 0.47% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on EVRG shares. Wells Fargo & Company upped 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. Barclays decreased 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. LADENBURG THALM/SH SH raised Evergy from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $59.00 to $68.50 in a research note on Thursday, January 2nd. Guggenheim raised Evergy from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. Finally, Mizuho started coverage on Evergy in a report on Tuesday, October 29th. They set an "outperform" rating and a $67.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Evergy presently has an average rating of "Moderate Buy" and a consensus target price of $65.36.

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.