Robeco Institutional Asset Management B.V. Sells 39,807 Shares of Evergy, Inc. (NASDAQ:EVRG)

Robeco Institutional Asset Management B.V. cut its holdings in shares of Evergy, Inc. (NASDAQ:EVRG - Free Report) by 27.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 104,944 shares of the company's stock after selling 39,807 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Evergy were worth $6,459,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Truvestments Capital LLC purchased a new stake in shares of Evergy during the 3rd quarter valued at about $32,000. 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 purchasing an additional 170 shares during the last quarter. Sentry Investment Management LLC purchased a new stake in Evergy in the third quarter worth approximately $51,000. USA Financial Formulas bought a new stake in Evergy in the 4th quarter worth approximately $73,000. Finally, Venturi Wealth Management LLC raised its stake in Evergy by 230.0% during 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 during the last quarter. 87.24% of the stock is currently owned by institutional investors.

Evergy Stock Performance

NASDAQ EVRG traded up $0.66 on Wednesday, reaching $64.97. 1,407,310 shares of the stock were exchanged, compared to its average volume of 1,787,205. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15. Evergy, Inc. has a one year low of $48.04 and a one year high of $65.47. The firm has a market capitalization of $14.94 billion, a PE ratio of 17.56, a PEG ratio of 2.69 and a beta of 0.66. The company's 50-day simple moving average is $62.40 and its two-hundred day simple moving average is $61.11.

Evergy (NASDAQ:EVRG - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The company reported $2.02 EPS for the quarter, beating the consensus estimate of $1.95 by $0.07. The firm 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 last year, the firm earned $1.88 EPS. Analysts expect that Evergy, Inc. will post 3.84 EPS for the current fiscal year.

Analysts Set New Price Targets

EVRG has been the topic of a number of research reports. 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. Guggenheim raised Evergy from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. LADENBURG THALM/SH SH raised shares of Evergy from a "neutral" rating to a "buy" rating and upped their price target for the company from $59.00 to $68.50 in a research report on Thursday, January 2nd. Mizuho started coverage on shares of Evergy in a report on Tuesday, October 29th. They issued an "outperform" rating and a $67.00 price objective on the stock. Finally, Wells Fargo & Company boosted their target price on shares of Evergy from $65.00 to $69.00 and gave the company an "overweight" rating in a research report 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. Based on data from MarketBeat.com, Evergy presently has a consensus rating of "Moderate Buy" and a consensus price target of $65.36.

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 value of $3,029,513.13. Following the transaction, the executive vice president now owns 1 shares of the company's stock, valued at approximately $62.93. The trade was a 100.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.26% of the company's stock.

Evergy 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.