Country Club Bank Takes $203,000 Position in Evergy, Inc. (NASDAQ:EVRG)

Country Club Bank purchased a new stake in Evergy, Inc. (NASDAQ:EVRG) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 3,297 shares of the company’s stock, valued at approximately $203,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Truvestments Capital LLC purchased a new stake in shares of Evergy during the 3rd quarter worth $32,000. Hexagon Capital Partners LLC boosted its holdings in Evergy by 47.1% during the third quarter. Hexagon Capital Partners LLC now owns 531 shares of the company’s stock worth $33,000 after buying an additional 170 shares in the last quarter. Sentry Investment Management LLC acquired a new position in Evergy during the third quarter worth about $51,000. USA Financial Formulas purchased a new position in Evergy in the fourth quarter valued at about $73,000. Finally, Venturi Wealth Management LLC lifted its position in shares of Evergy by 230.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,386 shares of the company’s stock valued at $86,000 after acquiring an additional 966 shares during the period. Institutional investors and hedge funds own 87.24% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Transactions at Evergy

In related 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 value of $3,029,513.13. Following the transaction, the executive vice president now 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.26% of the company’s stock.

Evergy Trading Up 1.0 %

NASDAQ EVRG opened at $64.97 on Thursday. The company has a 50-day moving average of $62.40 and a 200-day moving average of $61.11. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.55 and a quick ratio of 0.32. Evergy, Inc. has a 12 month low of $48.04 and a 12 month high of $65.47. The company has a market cap of $14.94 billion, a P/E ratio of 17.56, a P/E/G ratio of 2.69 and a beta of 0.66.

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