Hager Investment Management Services LLC Takes $204,000 Position in Evergy, Inc. (NASDAQ:EVRG)

Hager Investment Management Services LLC purchased a new position in Evergy, Inc. (NASDAQ:EVRG) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,320 shares of the company’s stock, valued at approximately $204,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Pathway Financial Advisers LLC increased its holdings in shares of Evergy by 6,854.6% in 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. Mizuho Securities USA LLC lifted its position in Evergy by 7,234.3% during the 3rd quarter. Mizuho Securities USA LLC now owns 1,300,000 shares of the company’s stock worth $80,613,000 after acquiring an additional 1,282,275 shares during the period. FMR LLC raised its stake in shares of Evergy by 131.4% during the 3rd quarter. FMR LLC now owns 2,004,414 shares of the company’s stock valued at $124,294,000 after buying an additional 1,138,138 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of Evergy by 15,406.4% during the 4th quarter. SG Americas Securities LLC now owns 921,546 shares of the company’s stock valued at $56,721,000 after buying an additional 915,603 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in shares of Evergy by 2,628.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 725,367 shares of the company’s stock valued at $44,980,000 after buying an additional 698,778 shares during the last quarter. 87.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Kevin E. Bryant sold 48,141 shares of the firm’s stock in a transaction on 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 transaction, the executive vice president now directly owns 1 shares in the company, valued at approximately $62.93. This trade represents a 100.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 3.26% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on EVRG. Barclays cut their price target on Evergy from $65.00 to $62.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. Mizuho initiated coverage on Evergy in a report on Tuesday, October 29th. They issued an “outperform” rating and a $67.00 price objective on the stock. Wells Fargo & Company upped their price objective on Evergy from $65.00 to $69.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. LADENBURG THALM/SH SH upgraded Evergy from a “neutral” rating to a “buy” rating and upped their price target for the stock from $59.00 to $68.50 in a research note on Thursday, January 2nd. Finally, Guggenheim raised Evergy from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $65.36.

Evergy Stock Down 0.9 %

Shares of Evergy stock opened at $64.31 on Wednesday. The company has a fifty day moving average price of $62.40 and a 200 day moving average price of $61.08. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15. Evergy, Inc. has a twelve month low of $48.04 and a twelve month high of $65.47. The stock has a market cap of $14.79 billion, a price-to-earnings ratio of 17.38, a price-to-earnings-growth ratio of 2.69 and a beta of 0.66.

Evergy (NASDAQ:EVRG) last issued its earnings results on Thursday, November 7th. The company reported $2.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.95 by $0.07. The business had revenue of $1.81 billion for 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 company’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.88 EPS. Equities research analysts forecast that Evergy, Inc. will post 3.84 earnings per share for the current fiscal year.

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.