Miller Howard Investments Inc. NY Raises Stock Holdings in Evergy, Inc. (NASDAQ:EVRG)

Miller Howard Investments Inc. NY raised its position in shares of Evergy, Inc. (NASDAQ:EVRG) by 1.4% during the 4th quarter, Holdings Channel reports. The firm owned 11,741 shares of the company’s stock after buying an additional 162 shares during the quarter. Miller Howard Investments Inc. NY’s holdings in Evergy were worth $723,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. HighTower Advisors LLC lifted its position in Evergy by 391.1% during the third quarter. HighTower Advisors LLC now owns 97,186 shares of the company’s stock valued at $6,030,000 after purchasing an additional 77,398 shares during the period. Bank of Montreal Can raised its stake in shares of Evergy by 29.1% during the 3rd quarter. Bank of Montreal Can now owns 997,832 shares of the company’s stock valued at $61,806,000 after buying an additional 224,679 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Evergy by 34.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 945,148 shares of the company’s stock valued at $58,609,000 after buying an additional 239,599 shares during the period. Hennion & Walsh Asset Management Inc. boosted its stake in shares of Evergy by 23.1% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 10,692 shares of the company’s stock worth $658,000 after buying an additional 2,004 shares during the last quarter. Finally, SG Americas Securities LLC grew its holdings in Evergy by 15,406.4% during the fourth quarter. SG Americas Securities LLC now owns 921,546 shares of the company’s stock worth $56,721,000 after acquiring an additional 915,603 shares during the period. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Insider Activity

In related news, EVP Kevin E. Bryant sold 48,141 shares of the 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 completion of the transaction, the executive vice president now directly owns 1 shares of the company’s stock, valued at approximately $62.93. This represents a 100.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.47% of the company’s stock.

Wall Street Analysts Forecast Growth

EVRG has been the subject of a number of analyst reports. Wells Fargo & Company boosted their price target on Evergy from $65.00 to $69.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Barclays decreased their target price on shares of Evergy from $65.00 to $62.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. Guggenheim upgraded shares of Evergy from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. LADENBURG THALM/SH SH upgraded shares of Evergy from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $59.00 to $68.50 in a research report on Thursday, January 2nd. Finally, Mizuho assumed coverage on Evergy in a research report on Tuesday, October 29th. They set an “outperform” rating and a $67.00 target price on the stock. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $65.36.

Evergy Stock Down 0.5 %

Shares of NASDAQ EVRG opened at $65.21 on Monday. Evergy, Inc. has a 52-week low of $48.04 and a 52-week high of $65.80. 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 company’s 50-day simple moving average is $62.42 and its 200-day simple moving average is $61.28. The firm has a market cap 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.

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

Evergy Company 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.