Conning Inc. Sells 243 Shares of Evergy, Inc. (NASDAQ:EVRG)

Conning Inc. cut its stake in shares of Evergy, Inc. (NASDAQ:EVRG) by 0.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,049 shares of the company’s stock after selling 243 shares during the quarter. Conning Inc.’s holdings in Evergy were worth $2,096,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Truvestments Capital LLC acquired a new position in shares of Evergy during the third quarter valued at about $32,000. Hexagon Capital Partners LLC increased its position in Evergy by 47.1% in the 3rd quarter. Hexagon Capital Partners LLC now owns 531 shares of the company’s stock valued at $33,000 after buying an additional 170 shares in the last quarter. Sentry Investment Management LLC acquired a new position in Evergy during the 3rd quarter worth approximately $51,000. USA Financial Formulas bought a new position in Evergy in the fourth quarter worth approximately $73,000. Finally, Venturi Wealth Management LLC grew its stake in Evergy by 230.0% in the third 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. 87.24% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

EVRG has been the topic of a number of research reports. Mizuho assumed coverage on Evergy in a research report on Tuesday, October 29th. They set an “outperform” rating and a $67.00 target price on the stock. Guggenheim upgraded shares of Evergy from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Wells Fargo & Company lifted their price objective on shares of Evergy from $65.00 to $69.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. 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 report on Thursday, January 2nd. Finally, Barclays dropped their price target on shares of Evergy from $65.00 to $62.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $65.36.

Evergy Stock Performance

Shares of EVRG stock opened at $65.21 on Friday. Evergy, Inc. has a one year low of $48.04 and a one year high of $65.80. The company has a market cap of $15.00 billion, a P/E ratio of 17.62, a P/E/G ratio of 2.69 and a beta of 0.66. The firm has a 50-day moving average of $62.42 and a 200-day moving average of $61.21. 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 (NASDAQ:EVRG) last posted its quarterly earnings data on Thursday, November 7th. The company reported $2.02 EPS for the quarter, beating the consensus estimate of $1.95 by $0.07. Evergy had a net margin of 14.77% and a return on equity of 8.77%. The firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $2.35 billion. During the same quarter last year, the business posted $1.88 EPS. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. Equities research analysts forecast that Evergy, Inc. will post 3.84 EPS for the current fiscal year.

Insider Activity

In related news, EVP Kevin E. Bryant sold 48,141 shares of the business’s 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 transaction, the executive vice president now directly owns 1 shares of the company’s stock, valued at approximately $62.93. The trade was a 100.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.47% of the stock is currently owned by corporate insiders.

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.