Lion Street Advisors LLC Raises Position in Evergy, Inc. (NASDAQ:EVRG)

Lion Street Advisors LLC grew its position in shares of Evergy, Inc. (NASDAQ:EVRG) by 11.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 13,490 shares of the company’s stock after acquiring an additional 1,399 shares during the period. Lion Street Advisors LLC’s holdings in Evergy were worth $830,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Truvestments Capital LLC bought a new position in Evergy in the third quarter worth $32,000. Hexagon Capital Partners LLC increased its stake in shares of Evergy by 47.1% in the 3rd quarter. Hexagon Capital Partners LLC now owns 531 shares of the company’s stock worth $33,000 after acquiring an additional 170 shares in the last quarter. Sentry Investment Management LLC bought a new position in shares of Evergy in the 3rd quarter worth about $51,000. USA Financial Formulas bought a new stake in Evergy during the fourth quarter worth about $73,000. Finally, Venturi Wealth Management LLC grew its holdings in Evergy by 230.0% in the third quarter. Venturi Wealth Management LLC now owns 1,386 shares of the company’s stock worth $86,000 after purchasing an additional 966 shares during the period. Institutional investors own 87.24% of the company’s stock.

Insiders Place Their Bets

In other Evergy news, EVP Kevin E. Bryant sold 48,141 shares of the stock in a transaction that occurred 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 ownership of the stock. The transaction 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.

Analyst Upgrades and Downgrades

EVRG has been the topic of a number of analyst reports. Wells Fargo & Company boosted their price target on Evergy from $65.00 to $69.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Barclays dropped their target price on Evergy from $65.00 to $62.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. Mizuho began coverage on Evergy in a report on Tuesday, October 29th. They set an “outperform” rating and a $67.00 price target for the company. LADENBURG THALM/SH SH upgraded shares of 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 shares of 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 issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $65.36.

Evergy Price Performance

EVRG opened at $64.31 on Wednesday. The company’s 50-day simple moving average is $62.40 and its two-hundred day simple moving average is $61.08. 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 stock has a market capitalization of $14.79 billion, a P/E ratio of 17.38, a P/E/G ratio of 2.69 and a beta of 0.66. Evergy, Inc. has a 52-week low of $48.04 and a 52-week high of $65.47.

Evergy (NASDAQ:EVRG) last issued its earnings results on Thursday, November 7th. The company reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.07. The company had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $2.35 billion. Evergy had a net margin of 14.77% and a return on equity of 8.77%. The firm’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter last year, the company posted $1.88 earnings per share. As a group, analysts predict that Evergy, Inc. will post 3.84 EPS for the current 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.