Sumitomo Mitsui DS Asset Management Company Ltd Purchases 209 Shares of Evergy, Inc. (NASDAQ:EVRG)

Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of Evergy, Inc. (NASDAQ:EVRG) by 0.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 49,226 shares of the company’s stock after buying an additional 209 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Evergy were worth $3,030,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of EVRG. Truvestments Capital LLC purchased a new stake in Evergy during the third quarter valued at approximately $32,000. Sentry Investment Management LLC acquired a new position in shares of Evergy during the third quarter worth $51,000. USA Financial Formulas purchased a new stake in shares of Evergy during the 4th quarter valued at $73,000. Venturi Wealth Management LLC boosted its position in shares of Evergy by 230.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,386 shares of the company’s stock worth $86,000 after purchasing an additional 966 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its stake in Evergy by 33.6% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,427 shares of the company’s stock worth $88,000 after buying an additional 359 shares during the last quarter. 87.24% of the stock is currently owned by institutional investors.

Insider Transactions at Evergy

In other news, EVP Kevin E. Bryant sold 48,141 shares of Evergy 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 owns 1 shares in the company, valued at $62.93. The trade was a 100.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.47% of the company’s stock.

Evergy Stock Down 0.5 %

Shares of NASDAQ EVRG opened at $65.21 on Monday. The company has a quick ratio of 0.32, a current ratio of 0.55 and a debt-to-equity ratio of 1.15. Evergy, Inc. has a 52-week low of $48.04 and a 52-week high of $65.80. The firm has a market cap of $15.00 billion, a price-to-earnings ratio of 17.62, a price-to-earnings-growth ratio of 2.75 and a beta of 0.66. The company’s 50-day simple moving average is $62.42 and its 200-day simple moving average is $61.28.

Evergy (NASDAQ:EVRG) last released its earnings results 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 business had revenue of $1.81 billion during the quarter, compared to analyst estimates of $2.35 billion. During the same quarter in the prior year, the firm earned $1.88 earnings per share. The company’s revenue for the quarter was up 8.5% compared to the same quarter last year. Equities analysts predict that Evergy, Inc. will post 3.84 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.