AlphaStar Capital Management LLC Buys 1,971 Shares of Evergy, Inc. (NASDAQ:EVRG)

AlphaStar Capital Management LLC increased its position in shares of Evergy, Inc. (NASDAQ:EVRG) by 31.4% in the 4th quarter, HoldingsChannel reports. The firm owned 8,255 shares of the company’s stock after acquiring an additional 1,971 shares during the quarter. AlphaStar Capital Management LLC’s holdings in Evergy were worth $508,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Empowered Funds LLC raised its position in shares of Evergy by 6.5% in the 4th quarter. Empowered Funds LLC now owns 3,890 shares of the company’s stock valued at $239,000 after buying an additional 238 shares in the last quarter. Farmers & Merchants Investments Inc. raised its position in Evergy by 134.7% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 33,401 shares of the company’s stock valued at $2,056,000 after purchasing an additional 19,172 shares in the last quarter. Kingsview Wealth Management LLC bought a new stake in Evergy during the fourth quarter worth $214,000. Apollon Financial LLC acquired a new stake in shares of Evergy in the 4th quarter valued at $288,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Evergy by 0.4% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 49,226 shares of the company’s stock valued at $3,030,000 after purchasing an additional 209 shares during the last quarter. Institutional investors own 87.24% of the company’s stock.

Insider Buying and Selling at Evergy

In other news, EVP Kevin E. Bryant sold 48,141 shares of the business’s 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 owns 1 shares in the company, valued at approximately $62.93. The trade was a 100.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.47% of the company’s stock.

Wall Street Analyst Weigh In

EVRG has been the subject of several recent analyst reports. Barclays dropped their price objective on Evergy from $65.00 to $62.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. Guggenheim upgraded shares of Evergy from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Mizuho assumed coverage on shares of Evergy in a research report on Tuesday, October 29th. They set an “outperform” rating and a $67.00 price objective for the company. Wells Fargo & Company raised their target price 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. Finally, LADENBURG THALM/SH SH raised shares of Evergy from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $59.00 to $68.50 in a research note on Thursday, January 2nd. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $65.36.

Evergy Trading Down 0.5 %

Shares of NASDAQ EVRG opened at $65.21 on Friday. The firm has a 50 day moving average price of $62.42 and a two-hundred day moving average price of $61.25. The stock has a market cap of $15.00 billion, a P/E ratio of 17.62, a price-to-earnings-growth ratio of 2.75 and a beta of 0.66. Evergy, Inc. has a 52-week low of $48.04 and a 52-week high of $65.80. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.55.

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