Sonora Investment Management Group LLC Grows Stock Holdings in Evergy, Inc. (NASDAQ:EVRG)

Sonora Investment Management Group LLC grew its stake in shares of Evergy, Inc. (NASDAQ:EVRG - Free Report) by 4.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 200,231 shares of the company's stock after purchasing an additional 9,296 shares during the period. Sonora Investment Management Group LLC owned about 0.09% of Evergy worth $12,324,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. SteelPeak Wealth LLC bought a new position in shares of Evergy in the fourth quarter valued at approximately $959,000. Apexium Financial LP bought a new position in Evergy during the fourth quarter valued at about $533,000. Blue Trust Inc. increased its holdings in Evergy by 15.5% during the fourth quarter. Blue Trust Inc. now owns 2,480 shares of the company's stock worth $154,000 after buying an additional 332 shares during the last quarter. PFG Investments LLC raised its position in Evergy by 20.1% in the fourth quarter. PFG Investments LLC now owns 4,297 shares of the company's stock worth $264,000 after acquiring an additional 719 shares during the period. Finally, Advocate Group LLC boosted its stake in Evergy by 10.8% in the fourth quarter. Advocate Group LLC now owns 132,568 shares of the company's stock valued at $8,160,000 after acquiring an additional 12,918 shares during the last quarter. 87.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Wells Fargo & Company raised 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. Guggenheim raised Evergy from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. LADENBURG THALM/SH SH raised Evergy from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $59.00 to $68.50 in a report on Thursday, January 2nd. Barclays dropped their price objective on shares of Evergy from $65.00 to $62.00 and set an "overweight" rating on the stock in a report on Monday, January 27th. Finally, Mizuho began coverage on shares of Evergy in a research report on Tuesday, October 29th. They issued an "outperform" rating and a $67.00 price target on the stock. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Evergy has a consensus rating of "Moderate Buy" and an average price target of $65.36.

Evergy Price Performance

NASDAQ:EVRG traded down $0.57 during mid-day trading on Tuesday, hitting $64.31. 747,652 shares of the stock traded hands, compared to its average volume of 1,767,728. Evergy, Inc. has a 12-month low of $48.04 and a 12-month high of $65.47. 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 cap of $14.79 billion, a PE ratio of 17.38, a price-to-earnings-growth ratio of 2.69 and a beta of 0.66. The business's 50-day moving average price is $62.41 and its 200 day moving average price is $61.02.

Evergy (NASDAQ:EVRG - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The company reported $2.02 earnings per share for the quarter, topping the consensus estimate 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 net margin of 14.77% and a return on equity of 8.77%. The business's quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.88 earnings per share. On average, analysts expect that Evergy, Inc. will post 3.84 EPS for the current fiscal year.

Insider Transactions at Evergy

In related 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 owns 1 shares of the company's stock, valued at approximately $62.93. This trade represents a 100.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.26% of the stock is owned by insiders.

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.