Mather Group LLC. Grows Position in Evergy, Inc. (NASDAQ:EVRG)

Mather Group LLC. grew its stake in shares of Evergy, Inc. (NASDAQ:EVRG) by 5.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 3,231 shares of the company’s stock after acquiring an additional 173 shares during the period. Mather Group LLC.’s holdings in Evergy were worth $199,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in EVRG. Cetera Investment Advisers boosted its holdings in Evergy by 18.9% during the second quarter. Cetera Investment Advisers now owns 61,253 shares of the company’s stock worth $3,245,000 after buying an additional 9,715 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in Evergy in the second quarter valued at about $851,000. Czech National Bank lifted its position in shares of Evergy by 6.9% during the 3rd quarter. Czech National Bank now owns 46,844 shares of the company’s stock valued at $2,905,000 after acquiring an additional 3,029 shares during the period. Atomi Financial Group Inc. boosted its stake in shares of Evergy by 19.8% during the 3rd quarter. Atomi Financial Group Inc. now owns 6,245 shares of the company’s stock worth $387,000 after acquiring an additional 1,033 shares in the last quarter. Finally, Hexagon Capital Partners LLC grew its holdings in shares of Evergy by 47.1% in the 3rd quarter. Hexagon Capital Partners LLC now owns 531 shares of the company’s stock worth $33,000 after acquiring an additional 170 shares during the period. 87.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Barclays reduced their price objective on Evergy from $65.00 to $62.00 and set an “overweight” rating for the company in a report on Monday, January 27th. Wells Fargo & Company lifted their price target on Evergy from $65.00 to $69.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. LADENBURG THALM/SH SH raised shares of Evergy from a “neutral” rating to a “buy” rating and increased their price objective for the company from $59.00 to $68.50 in a research note on Thursday, January 2nd. Mizuho started coverage on shares of Evergy in a research report on Tuesday, October 29th. They set an “outperform” rating and a $67.00 target price for the company. Finally, Guggenheim upgraded shares of Evergy from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $65.36.

Insider Activity

In other Evergy news, EVP Kevin E. Bryant sold 48,141 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now directly owns 1 shares of the company’s stock, valued at approximately $62.93. This trade represents a 100.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.26% of the company’s stock.

Evergy Stock Performance

NASDAQ:EVRG opened at $65.52 on Friday. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.55 and a quick ratio of 0.32. The firm has a market cap of $15.07 billion, a PE ratio of 17.71, a P/E/G ratio of 2.69 and a beta of 0.66. The firm has a 50 day simple moving average of $62.41 and a 200-day simple moving average of $61.14. Evergy, Inc. has a 1-year low of $48.04 and a 1-year high of $65.60.

Evergy (NASDAQ:EVRG) last issued its quarterly earnings results on Thursday, November 7th. The company reported $2.02 earnings per share for the quarter, beating 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 the consensus estimate of $2.35 billion. During the same period in the previous year, the firm posted $1.88 EPS. Evergy’s revenue was up 8.5% on a year-over-year basis. On average, equities analysts expect that Evergy, Inc. will post 3.84 EPS for the current 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.