Blue Trust Inc. Boosts Position in Evergy, Inc. (NASDAQ:EVRG)

Blue Trust Inc. boosted its stake in Evergy, Inc. (NASDAQ:EVRG) by 15.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,480 shares of the company’s stock after acquiring an additional 332 shares during the period. Blue Trust Inc.’s holdings in Evergy were worth $154,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Franklin Resources Inc. raised its holdings in Evergy by 5.5% in the third quarter. Franklin Resources Inc. now owns 5,532,719 shares of the company’s stock worth $330,469,000 after purchasing an additional 288,619 shares in the last quarter. Point72 Asset Management L.P. increased its stake in shares of Evergy by 25.8% in the 3rd quarter. Point72 Asset Management L.P. now owns 2,848,735 shares of the company’s stock worth $176,650,000 after acquiring an additional 583,923 shares in the last quarter. Pathway Financial Advisers LLC lifted its position in Evergy by 6,854.6% during the 3rd quarter. Pathway Financial Advisers LLC now owns 2,539,001 shares of the company’s stock valued at $157,443,000 after acquiring an additional 2,502,493 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Evergy by 42.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,135,011 shares of the company’s stock valued at $132,392,000 after acquiring an additional 634,735 shares during the period. Finally, FMR LLC boosted its stake in Evergy by 131.4% during the third quarter. FMR LLC now owns 2,004,414 shares of the company’s stock worth $124,294,000 after acquiring an additional 1,138,138 shares in the last quarter. 87.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Evergy Price Performance

NASDAQ EVRG opened at $64.97 on Thursday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.55. The company has a market capitalization of $14.94 billion, a price-to-earnings ratio of 17.56, a PEG ratio of 2.69 and a beta of 0.66. The stock has a 50-day moving average of $62.40 and a 200 day moving average of $61.11. Evergy, Inc. has a one year low of $48.04 and a one year high of $65.47.

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

Insider Buying and Selling

In other news, EVP Kevin E. Bryant sold 48,141 shares of the stock in a transaction on Wednesday, November 13th. The stock was 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 directly owns 1 shares of the company’s stock, valued at $62.93. This represents a 100.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.26% of the stock is currently owned by corporate insiders.

Evergy 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.