Wilmington Savings Fund Society FSB Trims Stock Holdings in Evergy, Inc. (NASDAQ:EVRG)

Wilmington Savings Fund Society FSB lessened its stake in shares of Evergy, Inc. (NASDAQ:EVRG) by 1.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 16,349 shares of the company’s stock after selling 255 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Evergy were worth $1,006,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Sunbelt Securities Inc. boosted its holdings in Evergy by 2.2% during the 3rd quarter. Sunbelt Securities Inc. now owns 7,778 shares of the company’s stock valued at $482,000 after acquiring an additional 168 shares during the period. Empirical Finance LLC boosted its stake in shares of Evergy by 2.3% in the third quarter. Empirical Finance LLC now owns 7,751 shares of the company’s stock valued at $481,000 after purchasing an additional 171 shares during the period. Mather Group LLC. boosted its stake in shares of Evergy by 5.7% in the fourth quarter. Mather Group LLC. now owns 3,231 shares of the company’s stock valued at $199,000 after purchasing an additional 173 shares during the period. Wealthcare Advisory Partners LLC grew its holdings in shares of Evergy by 2.5% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 7,322 shares of the company’s stock valued at $451,000 after purchasing an additional 182 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Evergy by 0.4% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 49,226 shares of the company’s stock worth $3,030,000 after buying an additional 209 shares during the period. 87.24% of the stock is currently owned by institutional investors and hedge funds.

Evergy Stock Up 0.9 %

EVRG stock opened at $65.80 on Tuesday. The stock has a market cap of $15.13 billion, a P/E ratio of 17.78, a PEG ratio of 2.75 and a beta of 0.66. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15. Evergy, Inc. has a twelve month low of $48.17 and a twelve month high of $65.82. The company’s 50 day moving average is $62.47 and its two-hundred day moving average is $61.35.

Insider Activity at Evergy

In related news, EVP Kevin E. Bryant sold 48,141 shares of the company’s stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 1 shares of the company’s stock, valued at $62.93. This represents a 100.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.47% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.