Trilogy Capital Inc. Invests $2.03 Million in Evergy, Inc. (NASDAQ:EVRG)

Trilogy Capital Inc. bought a new stake in shares of Evergy, Inc. (NASDAQ:EVRG - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 32,988 shares of the company's stock, valued at approximately $2,030,000.

Several other hedge funds have also recently added to or reduced their stakes in EVRG. Truvestments Capital LLC bought a new stake in shares of Evergy in the 3rd quarter worth approximately $32,000. Hexagon Capital Partners LLC lifted its position in shares of Evergy by 47.1% in the 3rd 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 bought a new stake in shares of Evergy in the 3rd quarter worth approximately $51,000. USA Financial Formulas bought a new position in shares of Evergy during the 4th quarter worth approximately $73,000. Finally, Venturi Wealth Management LLC lifted its position in shares of Evergy by 230.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,386 shares of the company's stock worth $86,000 after buying an additional 966 shares during the period. Institutional investors own 87.24% of the company's stock.

Analyst Ratings Changes

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

Evergy Price Performance

EVRG stock traded up $0.37 during midday trading on Monday, reaching $65.58. 513,528 shares of the company's stock traded hands, compared to its average volume of 1,727,760. The company has a 50-day simple moving average of $62.42 and a two-hundred day simple moving average of $61.28. Evergy, Inc. has a 1-year low of $48.17 and a 1-year high of $65.80. The company has a market cap of $15.08 billion, a price-to-earnings ratio of 17.71, a PEG ratio of 2.75 and a beta of 0.66. The company has a quick ratio of 0.32, a current ratio of 0.55 and a debt-to-equity ratio of 1.15.

Evergy (NASDAQ:EVRG - Get Free Report) last released its earnings results on Thursday, November 7th. The company reported $2.02 EPS for the quarter, beating the consensus estimate of $1.95 by $0.07. The company had revenue of $1.81 billion during 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 business's revenue for the quarter was up 8.5% on a year-over-year basis. During the same period last year, the firm earned $1.88 EPS. On average, analysts anticipate that Evergy, Inc. will post 3.84 earnings per share for the current year.

Insider Activity

In related news, EVP Kevin E. Bryant sold 48,141 shares of the company's stock in a transaction dated 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 sale, the executive vice president now owns 1 shares in the company, valued at approximately $62.93. This represents a 100.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.47% of the company's stock.

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.