Evergy, Inc. (NASDAQ:EVRG) Shares Sold by RNC Capital Management LLC

RNC Capital Management LLC lessened its stake in Evergy, Inc. (NASDAQ:EVRG - Free Report) by 6.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 694,159 shares of the company's stock after selling 45,002 shares during the period. Evergy accounts for about 2.3% of RNC Capital Management LLC's portfolio, making the stock its 18th largest position. RNC Capital Management LLC owned 0.30% of Evergy worth $42,725,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Truvestments Capital LLC bought a new position in shares of Evergy in the 3rd quarter worth $32,000. Hexagon Capital Partners LLC grew its stake in Evergy by 47.1% in the third quarter. Hexagon Capital Partners LLC now owns 531 shares of the company's stock valued at $33,000 after purchasing an additional 170 shares during the last quarter. Sentry Investment Management LLC bought a new position in Evergy in the third quarter worth about $51,000. USA Financial Formulas purchased a new stake in shares of Evergy during the fourth quarter valued at about $73,000. Finally, Venturi Wealth Management LLC boosted its holdings in shares of 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 buying an additional 966 shares in the last quarter. Hedge funds and other institutional investors own 87.24% of the company's stock.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other Evergy news, EVP Kevin E. Bryant sold 48,141 shares of the 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 of the company's stock, valued at $62.93. This trade represents a 100.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.47% of the stock is currently owned by company insiders.

Evergy Stock Performance

Shares of NASDAQ EVRG traded up $0.35 during midday trading on Monday, reaching $65.56. 592,799 shares of the stock were exchanged, compared to its average volume of 1,730,750. Evergy, Inc. has a twelve month low of $48.17 and a twelve month high of $65.80. 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 firm has a 50-day simple moving average of $62.42 and a two-hundred day simple moving average of $61.28. The firm has a market cap of $15.08 billion, a price-to-earnings ratio of 17.72, a PEG ratio of 2.75 and a beta of 0.66.

Evergy (NASDAQ:EVRG - Get Free Report) last posted its earnings results on Thursday, November 7th. The company reported $2.02 EPS for the quarter, beating analysts' consensus estimates of $1.95 by $0.07. The firm had revenue of $1.81 billion for the quarter, compared to analysts' expectations of $2.35 billion. Evergy had a return on equity of 8.77% and a net margin of 14.77%. The company's quarterly revenue was up 8.5% on a year-over-year basis. During the same period last year, the firm earned $1.88 EPS. As a group, analysts anticipate that Evergy, Inc. will post 3.84 EPS for the current fiscal year.

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.