Apollon Financial LLC Invests $288,000 in Evergy, Inc. (NASDAQ:EVRG)

Apollon Financial LLC bought a new stake in shares of Evergy, Inc. (NASDAQ:EVRG) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,672 shares of the company’s stock, valued at approximately $288,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in EVRG. Pathway Financial Advisers LLC grew its position in shares of Evergy by 6,854.6% during the 3rd quarter. Pathway Financial Advisers LLC now owns 2,539,001 shares of the company’s stock valued at $157,443,000 after acquiring an additional 2,502,493 shares during the period. Mizuho Securities USA LLC increased its position in Evergy by 7,234.3% in the third quarter. Mizuho Securities USA LLC now owns 1,300,000 shares of the company’s stock worth $80,613,000 after buying an additional 1,282,275 shares in the last quarter. FMR LLC lifted its position in shares of Evergy by 131.4% during the 3rd quarter. FMR LLC now owns 2,004,414 shares of the company’s stock valued at $124,294,000 after buying an additional 1,138,138 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of Evergy by 15,406.4% during the 4th quarter. SG Americas Securities LLC now owns 921,546 shares of the company’s stock valued at $56,721,000 after acquiring an additional 915,603 shares during the period. Finally, Assenagon Asset Management S.A. increased its holdings in Evergy by 2,628.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 725,367 shares of the company’s stock worth $44,980,000 after acquiring an additional 698,778 shares in the last quarter. 87.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on EVRG shares. LADENBURG THALM/SH SH upgraded shares of Evergy from a “neutral” rating to a “buy” rating and upped their price target for the stock from $59.00 to $68.50 in a research report on Thursday, January 2nd. Barclays dropped their target price on shares of Evergy from $65.00 to $62.00 and set an “overweight” rating for the company in a report on Monday, January 27th. Mizuho started coverage on Evergy in a report on Tuesday, October 29th. They set an “outperform” rating and a $67.00 price target on the stock. Wells Fargo & Company lifted their target price on Evergy from $65.00 to $69.00 and gave the company 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 note on Thursday, January 23rd. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Evergy has an average rating of “Moderate Buy” and a consensus target price of $65.36.

Evergy Stock Down 0.5 %

Shares of EVRG opened at $65.21 on Friday. The business’s 50 day simple moving average is $62.42 and its 200-day simple moving average is $61.21. Evergy, Inc. has a 1 year low of $48.04 and a 1 year high of $65.80. The stock has a market capitalization of $15.00 billion, a price-to-earnings ratio of 17.62, a price-to-earnings-growth ratio of 2.75 and a beta of 0.66. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.55 and a quick ratio of 0.32.

Evergy (NASDAQ:EVRG) last issued its quarterly earnings data on Thursday, November 7th. The company reported $2.02 earnings per share (EPS) 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 return on equity of 8.77% and a net margin of 14.77%. The company’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.88 earnings per share. As a group, equities analysts expect that Evergy, Inc. will post 3.84 earnings per share for the current fiscal year.

Insider Buying and Selling at Evergy

In other Evergy news, EVP Kevin E. Bryant sold 48,141 shares of the company’s stock in a transaction on 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 transaction, the executive vice president now 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 SEC, which is available through this hyperlink. Company insiders own 0.47% of the company’s stock.

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.