Apollon Financial LLC Acquires New Shares in Evergy, Inc. (NASDAQ:EVRG)

Apollon Financial LLC bought a new position in shares of Evergy, Inc. (NASDAQ:EVRG) in the fourth quarter, HoldingsChannel.com reports. The firm bought 4,672 shares of the company’s stock, valued at approximately $288,000.

Other institutional investors also recently added to or reduced their stakes in the company. Truvestments Capital LLC acquired a new stake in Evergy in the third quarter valued at approximately $32,000. Hexagon Capital Partners LLC increased its stake in shares of Evergy by 47.1% in the third quarter. Hexagon Capital Partners LLC now owns 531 shares of the company’s stock worth $33,000 after acquiring an additional 170 shares during the period. Sentry Investment Management LLC purchased a new position in shares of Evergy during the third quarter worth $51,000. USA Financial Formulas acquired a new position in Evergy during the fourth quarter valued at $73,000. Finally, Venturi Wealth Management LLC raised its stake 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 buying an additional 966 shares during the last quarter. Institutional investors own 87.24% of the company’s stock.

Insider Buying and Selling at Evergy

In other Evergy news, EVP Kevin E. Bryant sold 48,141 shares of the stock in a transaction dated 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 completion of the sale, the executive vice president now owns 1 shares in the company, valued at approximately $62.93. This represents a 100.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.47% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms recently commented on EVRG. 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. Guggenheim raised shares of Evergy from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Wells Fargo & Company boosted their target price 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. Mizuho began coverage on shares of Evergy in a research report on Tuesday, October 29th. They set an “outperform” rating and a $67.00 price target on the stock. Finally, LADENBURG THALM/SH SH raised shares of Evergy from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $59.00 to $68.50 in a report on Thursday, January 2nd. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $65.36.

Evergy Trading Down 0.5 %

Shares of Evergy stock opened at $65.21 on Friday. Evergy, Inc. has a twelve month low of $48.04 and a twelve month high of $65.80. The firm’s 50-day moving average price is $62.42 and its 200 day moving average price is $61.21. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $15.00 billion, a PE ratio of 17.62, a P/E/G ratio of 2.75 and a beta of 0.66.

Evergy (NASDAQ:EVRG) last issued its quarterly 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 return on equity of 8.77% and a net margin of 14.77%. The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same period in the previous year, the company posted $1.88 earnings per share. The business’s revenue was up 8.5% on a year-over-year basis. On average, sell-side analysts predict that Evergy, Inc. will post 3.84 EPS 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.