Evergy, Inc. (NASDAQ:EVRG) Shares Bought by Verity Asset Management Inc.

Verity Asset Management Inc. grew its holdings in Evergy, Inc. (NASDAQ:EVRG) by 11.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,521 shares of the company’s stock after acquiring an additional 1,122 shares during the period. Verity Asset Management Inc.’s holdings in Evergy were worth $643,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. Sunbelt Securities Inc. lifted its holdings in Evergy by 2.2% in the third quarter. Sunbelt Securities Inc. now owns 7,778 shares of the company’s stock valued at $482,000 after acquiring an additional 168 shares during the period. Hexagon Capital Partners LLC lifted its position in shares of Evergy by 47.1% during the 3rd quarter. Hexagon Capital Partners LLC now owns 531 shares of the company’s stock valued at $33,000 after buying an additional 170 shares in the last quarter. Empirical Finance LLC raised its position in Evergy by 2.3% during the third quarter. Empirical Finance LLC now owns 7,751 shares of the company’s stock worth $481,000 after acquiring an additional 171 shares during the period. Wealthcare Advisory Partners LLC lifted its holdings in Evergy by 2.5% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 7,322 shares of the company’s stock valued at $451,000 after purchasing an additional 182 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale raised its position in shares of Evergy by 1.2% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 18,563 shares of the company’s stock worth $1,138,000 after purchasing an additional 212 shares during the last quarter. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Analysts Set New Price Targets

EVRG has been the subject of a number of recent research reports. Guggenheim upgraded shares of Evergy from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Wells Fargo & Company upped their price target on Evergy from $65.00 to $69.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Barclays lowered 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. Mizuho began coverage on shares of Evergy in a research report on Tuesday, October 29th. They set an “outperform” rating and a $67.00 price objective for the company. Finally, LADENBURG THALM/SH SH upgraded Evergy from a “neutral” rating to a “buy” rating and upped their price objective for the company from $59.00 to $68.50 in a report on Thursday, January 2nd. 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 stock has a consensus rating of “Moderate Buy” and an average price target of $65.36.

Insider Transactions at Evergy

In other news, EVP Kevin E. Bryant sold 48,141 shares of Evergy stock in a transaction dated 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 sale, the executive vice president now owns 1 shares of the company’s stock, valued at $62.93. The trade was a 100.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.26% of the company’s stock.

Evergy Trading Up 1.1 %

EVRG opened at $64.87 on Tuesday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.55. Evergy, Inc. has a one year low of $48.04 and a one year high of $65.47. The company has a market cap of $14.92 billion, a P/E ratio of 17.53, a PEG ratio of 2.69 and a beta of 0.66. The business’s 50-day simple moving average is $62.41 and its 200-day simple moving average is $61.02.

Evergy (NASDAQ:EVRG) last posted its earnings results on Thursday, November 7th. The company reported $2.02 EPS for the quarter, beating analysts’ consensus estimates 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 posted $1.88 EPS. As a group, equities research analysts expect that Evergy, Inc. will post 3.84 EPS for the current fiscal 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.