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

Conning Inc. cut its position in Evergy, Inc. (NASDAQ:EVRG) by 0.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 34,049 shares of the company’s stock after selling 243 shares during the period. Conning Inc.’s holdings in Evergy were worth $2,096,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Truvestments Capital LLC purchased a new stake in Evergy in the 3rd quarter worth about $32,000. Hexagon Capital Partners LLC boosted its position in Evergy by 47.1% during the third quarter. Hexagon Capital Partners LLC now owns 531 shares of the company’s stock worth $33,000 after purchasing an additional 170 shares during the period. Sentry Investment Management LLC purchased a new position in shares of Evergy in the third quarter worth about $51,000. USA Financial Formulas bought a new stake in shares of Evergy in the fourth quarter valued at approximately $73,000. Finally, Venturi Wealth Management LLC lifted 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 in the last quarter. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on EVRG. LADENBURG THALM/SH SH upgraded 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 research note on Thursday, January 2nd. Mizuho initiated coverage on Evergy in a research report on Tuesday, October 29th. They issued an “outperform” rating and a $67.00 price target for the company. Barclays decreased their price objective on Evergy from $65.00 to $62.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. Wells Fargo & Company raised 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. Finally, Guggenheim upgraded Evergy from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Evergy currently has a consensus rating of “Moderate Buy” and a consensus target price of $65.36.

Insider Transactions at Evergy

In other 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 transaction, the executive vice president now directly 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.47% of the company’s stock.

Evergy Price Performance

Evergy stock opened at $65.21 on Friday. The business has a 50-day simple moving average of $62.42 and a 200 day simple moving average of $61.21. Evergy, Inc. has a 52 week low of $48.04 and a 52 week high of $65.80. The stock has a market cap of $15.00 billion, a price-to-earnings ratio of 17.62, a PEG ratio of 2.69 and a beta of 0.66. The company has a quick ratio of 0.32, a current ratio of 0.55 and a debt-to-equity ratio of 1.15.

Evergy (NASDAQ:EVRG) last announced its earnings results 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 for the quarter, compared to the consensus estimate of $2.35 billion. Evergy had a net margin of 14.77% and a return on equity of 8.77%. Evergy’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period last year, the firm posted $1.88 earnings per share. On average, research analysts forecast that Evergy, Inc. will post 3.84 earnings per share 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.