Summit Global Investments Sells 15,863 Shares of Evergy, Inc. (NYSE:EVRG)

Summit Global Investments decreased its holdings in shares of Evergy, Inc. (NYSE:EVRG) by 12.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 115,103 shares of the company’s stock after selling 15,863 shares during the period. Summit Global Investments’ holdings in Evergy were worth $7,138,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in EVRG. Fairscale Capital LLC purchased a new stake in Evergy during the 2nd quarter valued at about $27,000. Hexagon Capital Partners LLC lifted its stake in shares of 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 buying an additional 170 shares in the last quarter. Rothschild Investment LLC bought a new position in shares of Evergy in the second quarter worth approximately $37,000. Hantz Financial Services Inc. purchased a new stake in shares of Evergy during the second quarter valued at approximately $41,000. Finally, Benjamin Edwards Inc. increased its position in shares of Evergy by 47.8% during the second quarter. Benjamin Edwards Inc. now owns 856 shares of the company’s stock valued at $45,000 after acquiring an additional 277 shares in the last quarter. 87.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Evergy

In other Evergy news, Director Ann D. Murtlow sold 3,301 shares of the business’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $58.85, for a total transaction of $194,263.85. Following the completion of the sale, the director now owns 2,847 shares of the company’s stock, valued at approximately $167,545.95. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Evergy news, Director Ann D. Murtlow sold 3,301 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $58.85, for a total transaction of $194,263.85. Following the sale, the director now owns 2,847 shares in the company, valued at approximately $167,545.95. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Heather A. Humphrey sold 3,347 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $58.80, for a total transaction of $196,803.60. Following the completion of the transaction, the senior vice president now owns 35,314 shares of the company’s stock, valued at approximately $2,076,463.20. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,884 shares of company stock worth $941,810 in the last 90 days. 3.26% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms recently issued reports on EVRG. UBS Group raised Evergy to a “hold” rating in a research report on Wednesday, September 18th. Jefferies Financial Group assumed coverage on Evergy in a report on Thursday, September 19th. They set a “buy” rating and a $70.00 price target on the stock. Wells Fargo & Company lifted their price objective on Evergy from $65.00 to $69.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Barclays lowered their target price on shares of Evergy from $67.00 to $65.00 and set an “overweight” rating on the stock in a research note on Monday, October 21st. Finally, Mizuho started coverage on shares of Evergy in a report on Tuesday, October 29th. They set an “outperform” rating and a $67.00 price target on the stock. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $61.88.

Evergy Trading Up 0.6 %

Evergy stock opened at $61.41 on Friday. Evergy, Inc. has a 52-week low of $47.97 and a 52-week high of $62.58. The company has a market cap of $14.12 billion, a P/E ratio of 19.13, a P/E/G ratio of 2.66 and a beta of 0.62. The company has a quick ratio of 0.35, a current ratio of 0.59 and a debt-to-equity ratio of 1.23. The business has a 50-day simple moving average of $60.71 and a two-hundred day simple moving average of $57.03.

Evergy (NYSE:EVRG) last announced its earnings results on Friday, August 9th. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.01. Evergy had a net margin of 13.12% and a return on equity of 8.50%. The company had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same period in the previous year, the business posted $0.81 earnings per share. Analysts predict that Evergy, Inc. will post 3.84 EPS for the current 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.