Bessemer Group Inc. increased its position in shares of Evergy (NYSE:EVRG) by 43.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,392 shares of the company’s stock after buying an additional 9,485 shares during the period. Bessemer Group Inc.’s holdings in Evergy were worth $2,043,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Wealthfront Advisers LLC increased its position in shares of Evergy by 13.7% in the 3rd quarter. Wealthfront Advisers LLC now owns 17,120 shares of the company’s stock valued at $1,140,000 after purchasing an additional 2,065 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Evergy by 3.5% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 15,481 shares of the company’s stock valued at $1,030,000 after buying an additional 526 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in Evergy by 7.8% in the third quarter. Assenagon Asset Management S.A. now owns 74,469 shares of the company’s stock valued at $4,957,000 after buying an additional 5,381 shares during the last quarter. Signaturefd LLC increased its holdings in Evergy by 41.6% in the third quarter. Signaturefd LLC now owns 6,142 shares of the company’s stock valued at $409,000 after buying an additional 1,803 shares during the last quarter. Finally, Meeder Asset Management Inc. increased its holdings in Evergy by 10,579.3% in the third quarter. Meeder Asset Management Inc. now owns 12,922 shares of the company’s stock valued at $860,000 after buying an additional 12,801 shares during the last quarter. Hedge funds and other institutional investors own 85.90% of the company’s stock.
Several research firms have recently issued reports on EVRG. UBS Group lowered their price objective on Evergy from $68.00 to $67.00 and set a “neutral” rating for the company in a research report on Friday, October 18th. Bank of America lowered Evergy from a “neutral” rating to an “underperform” rating in a research report on Wednesday, November 27th. SunTrust Banks restated a “buy” rating and set a $73.00 target price on shares of Evergy in a research note on Wednesday, January 22nd. They noted that the move was a valuation call. Zacks Investment Research downgraded Evergy from a “strong-buy” rating to a “hold” rating and set a $77.00 price target for the company. in a report on Thursday, January 16th. Finally, JPMorgan Chase & Co. increased their price target on shares of Evergy from $72.00 to $76.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. Evergy currently has an average rating of “Hold” and a consensus price target of $70.71.
In other Evergy news, CFO Anthony D. Somma sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $64.96, for a total value of $129,920.00. Following the completion of the sale, the chief financial officer now owns 50,636 shares in the company, valued at $3,289,314.56. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Greg A. Greenwood sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $64.75, for a total value of $323,750.00. Following the completion of the sale, the executive vice president now owns 24,426 shares of the company’s stock, valued at approximately $1,581,583.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,000 shares of company stock worth $516,490. Corporate insiders own 0.38% of the company’s stock.
NYSE EVRG opened at $72.34 on Friday. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.73 and a quick ratio of 0.51. Evergy has a 1 year low of $54.57 and a 1 year high of $72.62. The company has a market capitalization of $16.32 billion, a PE ratio of 27.93, a P/E/G ratio of 3.49 and a beta of 0.13. The company has a fifty day moving average of $68.06 and a two-hundred day moving average of $64.96.
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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