Advisory Services Network LLC Has $408,000 Holdings in Evergy (NYSE:EVRG)

Advisory Services Network LLC reduced its stake in shares of Evergy (NYSE:EVRG) by 4.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,273 shares of the company’s stock after selling 302 shares during the quarter. Advisory Services Network LLC’s holdings in Evergy were worth $408,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. raised its stake in shares of Evergy by 46.6% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 38,990 shares of the company’s stock valued at $2,538,000 after buying an additional 12,392 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of Evergy in the 4th quarter valued at $1,004,000. MainStreet Investment Advisors LLC raised its stake in shares of Evergy by 8.8% in the 4th quarter. MainStreet Investment Advisors LLC now owns 5,907 shares of the company’s stock valued at $384,000 after buying an additional 479 shares in the last quarter. First Trust Advisors LP raised its stake in shares of Evergy by 30.2% in the 4th quarter. First Trust Advisors LP now owns 1,867,660 shares of the company’s stock valued at $121,566,000 after buying an additional 433,703 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH raised its stake in shares of Evergy by 19.4% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 11,719 shares of the company’s stock valued at $763,000 after buying an additional 1,900 shares in the last quarter. Hedge funds and other institutional investors own 85.90% of the company’s stock.

In other Evergy news, SVP Heather A. Humphrey sold 1,000 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $62.82, for a total transaction of $62,820.00. Following the sale, the senior vice president now owns 35,337 shares of the company’s stock, valued at approximately $2,219,870.34. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Anthony D. Somma sold 2,000 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $64.96, for a total transaction of $129,920.00. Following the sale, the chief financial officer now directly owns 50,636 shares in the company, valued at approximately $3,289,314.56. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,000 shares of company stock worth $516,490. 0.38% of the stock is owned by insiders.

EVRG opened at $71.55 on Friday. The firm’s 50-day simple moving average is $67.90 and its 200-day simple moving average is $64.91. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.51 and a current ratio of 0.73. Evergy has a twelve month low of $54.57 and a twelve month high of $72.62. The firm has a market cap of $16.04 billion, a price-to-earnings ratio of 27.63, a PEG ratio of 3.49 and a beta of 0.13.

Several research firms have recently weighed in on EVRG. Bank of America lowered shares of Evergy from a “neutral” rating to an “underperform” rating in a report on Wednesday, November 27th. JPMorgan Chase & Co. upped their target price on shares of Evergy from $72.00 to $76.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Zacks Investment Research lowered shares of Evergy from a “strong-buy” rating to a “hold” rating and set a $77.00 target price on the stock. in a report on Thursday, January 16th. SunTrust Banks reaffirmed a “buy” rating and issued a $73.00 target price on shares of Evergy in a report on Wednesday, January 22nd. They noted that the move was a valuation call. Finally, UBS Group lowered their target price on shares of Evergy from $68.00 to $67.00 and set a “neutral” rating on the stock in a report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $70.71.

Evergy Company Profile

Westar Energy, Inc engages in the generation, transmission and distribution of electricity in Kansas. It provides electricity to residential, commercial, and industrial customers in the cities of Topeka, Lawrence, Manhattan, Salina, and Hutchinson. The company was founded in 1924 and is headquartered in Topeka, KS.

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Institutional Ownership by Quarter for Evergy (NYSE:EVRG)

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