Soltis Investment Advisors LLC Increases Holdings in Evergy, Inc. (NASDAQ:EVRG)

Soltis Investment Advisors LLC grew its stake in shares of Evergy, Inc. (NASDAQ:EVRG) by 5.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 58,017 shares of the company’s stock after acquiring an additional 3,158 shares during the quarter. Soltis Investment Advisors LLC’s holdings in Evergy were worth $3,571,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Sanctuary Advisors LLC purchased a new position in Evergy in the second quarter worth about $851,000. Czech National Bank lifted its position in Evergy by 6.9% in the 3rd quarter. Czech National Bank now owns 46,844 shares of the company’s stock valued at $2,905,000 after acquiring an additional 3,029 shares in the last quarter. Exchange Traded Concepts LLC boosted its stake in Evergy by 126.8% during the 3rd quarter. Exchange Traded Concepts LLC now owns 29,409 shares of the company’s stock valued at $1,824,000 after purchasing an additional 16,443 shares during the last quarter. Creative Planning increased its holdings in shares of Evergy by 0.7% in the 3rd quarter. Creative Planning now owns 123,594 shares of the company’s stock worth $7,664,000 after purchasing an additional 812 shares in the last quarter. Finally, LaFleur & Godfrey LLC lifted its holdings in shares of Evergy by 20.3% during the third quarter. LaFleur & Godfrey LLC now owns 14,792 shares of the company’s stock valued at $917,000 after purchasing an additional 2,500 shares in the last quarter. Hedge funds and other 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 company’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $62.93, for a total transaction of $3,029,513.13. Following 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.47% of the stock is currently owned by company insiders.

Evergy Price Performance

Shares of NASDAQ:EVRG opened at $65.21 on Monday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.55. The firm has a market cap of $15.00 billion, a price-to-earnings ratio of 17.62, a P/E/G ratio of 2.75 and a beta of 0.66. The firm has a fifty day moving average price of $62.42 and a 200 day moving average price of $61.28. Evergy, Inc. has a fifty-two week low of $48.04 and a fifty-two week high of $65.80.

Evergy (NASDAQ:EVRG) last issued its earnings results on Thursday, November 7th. The company reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.07. The firm had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $2.35 billion. Evergy had a return on equity of 8.77% and a net margin of 14.77%. The business’s revenue was up 8.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.88 earnings per share. As a group, sell-side analysts expect that Evergy, Inc. will post 3.84 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Guggenheim upgraded shares of Evergy from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Barclays dropped their target price on shares of Evergy from $65.00 to $62.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. LADENBURG THALM/SH SH raised shares of Evergy from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $59.00 to $68.50 in a report on Thursday, January 2nd. 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. Finally, 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. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Evergy presently has an average rating of “Moderate Buy” and an average target price of $65.36.

Evergy Company 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.