Verity Asset Management Inc. Boosts Stock Holdings in Evergy, Inc. (NYSE:EVRG)

Verity Asset Management Inc. lifted its position in Evergy, Inc. (NYSE:EVRG) by 96.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,399 shares of the company’s stock after acquiring an additional 4,616 shares during the period. Verity Asset Management Inc.’s holdings in Evergy were worth $583,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Fairscale Capital LLC acquired a new stake in Evergy during the 2nd quarter worth $27,000. Hexagon Capital Partners LLC boosted its holdings in shares of Evergy by 47.1% during the 3rd quarter. Hexagon Capital Partners LLC now owns 531 shares of the company’s stock worth $33,000 after purchasing an additional 170 shares during the last quarter. Rothschild Investment LLC purchased a new stake in shares of Evergy in the second quarter valued at approximately $37,000. Hantz Financial Services Inc. acquired a new stake in shares of Evergy in the second quarter valued at approximately $41,000. Finally, Benjamin Edwards Inc. lifted its position in Evergy by 47.8% during the second quarter. Benjamin Edwards Inc. now owns 856 shares of the company’s stock worth $45,000 after buying 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 related 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 value of $194,263.85. Following the sale, the director now owns 2,847 shares of the company’s stock, valued at $167,545.95. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Evergy news, Director Ann D. Murtlow sold 3,301 shares of Evergy 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 directly owns 2,847 shares of the company’s stock, valued at $167,545.95. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Charles A. Caisley sold 9,236 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $59.63, for a total value of $550,742.68. Following the completion of the transaction, the senior vice president now directly owns 33,425 shares of the company’s stock, valued at $1,993,132.75. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,884 shares of company stock valued at $941,810. 3.26% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

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

Evergy Price Performance

Shares of EVRG opened at $61.41 on Friday. The company has a quick ratio of 0.35, a current ratio of 0.59 and a debt-to-equity ratio of 1.23. Evergy, Inc. has a fifty-two week low of $47.97 and a fifty-two week high of $62.58. The company has a market cap of $14.12 billion, a P/E ratio of 19.13, a PEG ratio of 2.66 and a beta of 0.62. The firm’s 50 day moving average price is $60.71 and its 200 day moving average price is $57.03.

Evergy (NYSE:EVRG) last released its earnings results on Friday, August 9th. The company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.89 by $0.01. The firm had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Evergy had a return on equity of 8.50% and a net margin of 13.12%. During the same period in the previous year, the firm posted $0.81 EPS. On average, research analysts forecast that Evergy, Inc. will post 3.84 earnings per share 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.