Ledyard National Bank Sells 4,010 Shares of Evergy, Inc. (NASDAQ:EVRG)

Ledyard National Bank lowered its position in shares of Evergy, Inc. (NASDAQ:EVRG) by 6.0% during the fourth quarter, HoldingsChannel reports. The fund owned 62,543 shares of the company’s stock after selling 4,010 shares during the quarter. Ledyard National Bank’s holdings in Evergy were worth $3,850,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. HighTower Advisors LLC boosted its position in Evergy by 391.1% during the 3rd quarter. HighTower Advisors LLC now owns 97,186 shares of the company’s stock worth $6,030,000 after buying an additional 77,398 shares during the period. Bank of Montreal Can grew its stake in shares of Evergy by 29.1% in the third quarter. Bank of Montreal Can now owns 997,832 shares of the company’s stock worth $61,806,000 after purchasing an additional 224,679 shares during the last quarter. BNP Paribas Financial Markets grew its stake in shares of Evergy by 34.0% in the third quarter. BNP Paribas Financial Markets now owns 945,148 shares of the company’s stock worth $58,609,000 after purchasing an additional 239,599 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its holdings in Evergy by 23.1% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 10,692 shares of the company’s stock valued at $658,000 after purchasing an additional 2,004 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. raised its position in Evergy by 2.9% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 515,306 shares of the company’s stock worth $31,954,000 after purchasing an additional 14,383 shares during the last quarter. Institutional investors and hedge funds own 87.24% of the company’s stock.

Evergy Stock Up 0.8 %

Shares of NASDAQ EVRG opened at $65.52 on Friday. 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 market cap of $15.07 billion, a PE ratio of 17.71, a P/E/G ratio of 2.69 and a beta of 0.66. The company’s fifty day simple moving average is $62.41 and its 200 day simple moving average is $61.14. Evergy, Inc. has a 12-month low of $48.04 and a 12-month high of $65.60.

Evergy (NASDAQ:EVRG) last released its quarterly earnings data on Thursday, November 7th. The company reported $2.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.95 by $0.07. Evergy had a net margin of 14.77% and a return on equity of 8.77%. The company had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $2.35 billion. During the same quarter in the prior year, the firm earned $1.88 EPS. The business’s revenue was up 8.5% on a year-over-year basis. As a group, sell-side analysts forecast that Evergy, Inc. will post 3.84 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Insider Buying and Selling

In other Evergy 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 transaction 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. The trade was a 100.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.26% of the stock is owned by company insiders.

Evergy Company 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.