Soltis Investment Advisors LLC Acquires 3,158 Shares of Evergy, Inc. (NASDAQ:EVRG)

Soltis Investment Advisors LLC increased its stake in Evergy, Inc. (NASDAQ:EVRG) by 5.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,017 shares of the company’s stock after acquiring an additional 3,158 shares during the quarter. Soltis Investment Advisors LLC’s holdings in Evergy were worth $3,571,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Miller Howard Investments Inc. NY grew its stake in shares of Evergy by 1.4% during the 4th quarter. Miller Howard Investments Inc. NY now owns 11,741 shares of the company’s stock worth $723,000 after acquiring an additional 162 shares during the period. Sunbelt Securities Inc. lifted its holdings in Evergy by 2.2% during the third quarter. Sunbelt Securities Inc. now owns 7,778 shares of the company’s stock valued at $482,000 after purchasing an additional 168 shares during the last quarter. Empirical Finance LLC boosted its position in Evergy by 2.3% during the third quarter. Empirical Finance LLC now owns 7,751 shares of the company’s stock worth $481,000 after purchasing an additional 171 shares during the period. Mather Group LLC. increased its stake in shares of Evergy by 5.7% in the fourth quarter. Mather Group LLC. now owns 3,231 shares of the company’s stock worth $199,000 after purchasing an additional 173 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC lifted its stake in shares of Evergy by 2.5% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 7,322 shares of the company’s stock valued at $451,000 after buying an additional 182 shares in the last quarter. Institutional investors and hedge funds own 87.24% of the company’s stock.

Insider Buying and Selling

In other Evergy news, EVP Kevin E. Bryant sold 48,141 shares of Evergy stock in a transaction that occurred 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 directly owns 1 shares of the company’s stock, valued at $62.93. The trade was a 100.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.47% of the stock is owned by corporate insiders.

Evergy Trading Down 0.5 %

Shares of EVRG stock opened at $65.21 on Monday. The company has a quick ratio of 0.32, a current ratio of 0.55 and a debt-to-equity ratio of 1.15. The firm has a market cap of $15.00 billion, a P/E ratio of 17.62, a price-to-earnings-growth ratio of 2.75 and a beta of 0.66. The business has a 50-day moving average price of $62.42 and a two-hundred day moving average price of $61.28. Evergy, Inc. has a 12-month low of $48.04 and a 12-month high of $65.80.

Evergy (NASDAQ:EVRG) last issued its earnings results on Thursday, November 7th. The company reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.07. The business had revenue of $1.81 billion during the quarter, compared to analyst estimates of $2.35 billion. Evergy had a return on equity of 8.77% and a net margin of 14.77%. Evergy’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.88 earnings per share. Equities analysts anticipate that Evergy, Inc. will post 3.84 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on EVRG. Wells Fargo & Company boosted their target price on shares of Evergy from $65.00 to $69.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Barclays decreased their price objective on Evergy from $65.00 to $62.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. Mizuho initiated coverage on Evergy in a research note on Tuesday, October 29th. They issued an “outperform” rating and a $67.00 target price for the company. Guggenheim raised shares of Evergy from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Finally, LADENBURG THALM/SH SH raised shares of Evergy from a “neutral” rating to a “buy” rating and upped their target price for the stock from $59.00 to $68.50 in a report on Thursday, January 2nd. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $65.36.

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.