Harvest Portfolios Group Inc. Purchases 3,045 Shares of Evergy, Inc. (NYSE:EVRG)

Harvest Portfolios Group Inc. increased its position in shares of Evergy, Inc. (NYSE:EVRG) by 3.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 94,911 shares of the company’s stock after purchasing an additional 3,045 shares during the quarter. Harvest Portfolios Group Inc.’s holdings in Evergy were worth $5,885,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Sentry Investment Management LLC bought a new stake in shares of Evergy during the third quarter valued at approximately $51,000. Asset Management One Co. Ltd. boosted its position in shares of Evergy by 4.2% during the third quarter. Asset Management One Co. Ltd. now owns 94,500 shares of the company’s stock worth $5,860,000 after buying an additional 3,810 shares during the period. QRG Capital Management Inc. boosted its holdings in Evergy by 20.8% during the third quarter. QRG Capital Management Inc. now owns 57,851 shares of the company’s stock worth $3,587,000 after purchasing an additional 9,956 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its stake in shares of Evergy by 11.5% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 144,751 shares of the company’s stock worth $8,976,000 after purchasing an additional 14,876 shares in the last quarter. Finally, Van ECK Associates Corp grew its holdings in Evergy by 6.4% during the third quarter. Van ECK Associates Corp now owns 107,569 shares of the company’s stock worth $6,665,000 after purchasing an additional 6,509 shares during the period. 87.24% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Jefferies Financial Group initiated coverage on shares of Evergy in a report on Thursday, September 19th. They issued a “buy” rating and a $70.00 price target on the stock. Mizuho initiated coverage on shares of Evergy in a research report on Tuesday, October 29th. They issued an “outperform” rating and a $67.00 target price on the stock. UBS Group upgraded Evergy to a “hold” rating in a report on Wednesday, September 18th. Wells Fargo & Company upped their price target on shares of Evergy from $65.00 to $69.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Finally, Barclays lowered their price objective on Evergy from $67.00 to $65.00 and set an “overweight” rating for the company in a research report on Monday, October 21st. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $61.88.

Evergy Stock Up 0.0 %

Evergy stock opened at $61.09 on Wednesday. The firm has a market capitalization of $14.05 billion, a price-to-earnings ratio of 19.02, a price-to-earnings-growth ratio of 2.65 and a beta of 0.62. The firm’s fifty day moving average price is $60.62 and its two-hundred day moving average price is $56.97. Evergy, Inc. has a 1-year low of $47.97 and a 1-year high of $62.58. The company has a current ratio of 0.59, a quick ratio of 0.35 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 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.01. Evergy had a return on equity of 8.50% and a net margin of 13.12%. The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same period in the previous year, the company posted $0.81 EPS. On average, equities research analysts predict that Evergy, Inc. will post 3.84 earnings per share for the current fiscal year.

Insider Activity at Evergy

In other news, SVP Heather A. Humphrey sold 3,347 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $58.80, for a total value of $196,803.60. Following the completion of 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Evergy news, SVP Charles A. Caisley sold 9,236 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $59.63, for a total value of $550,742.68. Following the sale, the senior vice president now directly owns 33,425 shares in the company, valued at $1,993,132.75. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Heather A. Humphrey sold 3,347 shares of Evergy stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $58.80, for a total value of $196,803.60. Following the completion of the sale, the senior vice president now directly owns 35,314 shares of the company’s stock, valued at approximately $2,076,463.20. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 15,884 shares of company stock valued at $941,810. 3.26% of the stock is owned by insiders.

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.