US Bancorp DE Raises Stock Position in Evergy, Inc. (NYSE:EVRG)

US Bancorp DE grew its holdings in Evergy, Inc. (NYSE:EVRG) by 0.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,518 shares of the company’s stock after acquiring an additional 214 shares during the period. US Bancorp DE’s holdings in Evergy were worth $2,326,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in EVRG. Fairscale Capital LLC purchased a new position in Evergy during the second quarter valued at $27,000. Hexagon Capital Partners LLC grew its position in shares of Evergy by 47.1% during the third quarter. Hexagon Capital Partners LLC now owns 531 shares of the company’s stock valued at $33,000 after purchasing an additional 170 shares in the last quarter. Fidelis Capital Partners LLC bought a new stake in shares of Evergy in the first quarter worth about $32,000. Rothschild Investment LLC bought a new stake in shares of Evergy in the second quarter worth about $37,000. Finally, Hantz Financial Services Inc. purchased a new stake in shares of Evergy in the second quarter worth about $41,000. Institutional investors own 87.24% of the company’s stock.

Wall Street Analyst Weigh In

EVRG has been the topic of a number of research reports. Wells Fargo & Company lifted their price objective on Evergy from $65.00 to $69.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Jefferies Financial Group began coverage on shares of Evergy in a research report on Thursday, September 19th. They issued a “buy” rating and a $70.00 price target on the stock. Mizuho assumed coverage on shares of Evergy in a research note on Tuesday, October 29th. They issued an “outperform” rating and a $67.00 price objective for the company. UBS Group upgraded shares of Evergy to a “hold” rating in a report on Wednesday, September 18th. Finally, Barclays lowered their price target on shares of Evergy from $67.00 to $65.00 and set an “overweight” rating for the company in a report on Monday, October 21st. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $61.88.

Insider Buying and Selling

In related news, SVP Heather A. Humphrey sold 3,347 shares of the stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $58.80, for a total transaction of $196,803.60. Following the completion of the sale, the senior vice president now owns 35,314 shares of the company’s stock, valued at $2,076,463.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, SVP Heather A. Humphrey sold 3,347 shares of the company’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $58.80, for a total transaction of $196,803.60. Following the transaction, the senior vice president now directly owns 35,314 shares of the company’s stock, valued at $2,076,463.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Ann D. Murtlow sold 3,301 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $58.85, for a total value of $194,263.85. Following the completion of the sale, the director now directly owns 2,847 shares of the company’s stock, valued at approximately $167,545.95. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,884 shares of company stock worth $941,810 in the last 90 days. 3.26% of the stock is owned by corporate insiders.

Evergy Stock Down 0.0 %

Evergy stock opened at $61.05 on Thursday. Evergy, Inc. has a twelve month low of $47.97 and a twelve month high of $62.58. The business has a fifty day moving average of $60.66 and a two-hundred day moving average of $57.00. The firm has a market cap of $14.04 billion, a P/E ratio of 19.02, a P/E/G ratio of 2.66 and a beta of 0.62. The company has a quick ratio of 0.35, a current ratio of 0.59 and a debt-to-equity ratio of 1.23.

Evergy (NYSE:EVRG) last issued its quarterly earnings data on Friday, August 9th. The company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.01. The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.32 billion. Evergy had a return on equity of 8.50% and a net margin of 13.12%. During the same quarter last year, the company earned $0.81 earnings per share. On average, analysts forecast that Evergy, Inc. will post 3.84 earnings per share for the current fiscal year.

About Evergy

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.