Ashton Thomas Private Wealth LLC Invests $532,000 in Evergy Inc. $EVRG

Ashton Thomas Private Wealth LLC purchased a new stake in shares of Evergy Inc. (NASDAQ:EVRG) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 6,998 shares of the company’s stock, valued at approximately $532,000.

A number of other hedge funds also recently added to or reduced their stakes in the company. FAS Wealth Partners Inc. increased its holdings in shares of Evergy by 2.4% in the 2nd quarter. FAS Wealth Partners Inc. now owns 6,413 shares of the company’s stock worth $442,000 after purchasing an additional 150 shares in the last quarter. Bfsg LLC boosted its position in shares of Evergy by 22.9% during the third quarter. Bfsg LLC now owns 817 shares of the company’s stock valued at $62,000 after buying an additional 152 shares during the last quarter. GoalVest Advisory LLC increased its holdings in Evergy by 3.2% in the 2nd quarter. GoalVest Advisory LLC now owns 5,259 shares of the company’s stock worth $363,000 after buying an additional 163 shares in the last quarter. Hantz Financial Services Inc. raised its position in Evergy by 24.5% in the 2nd quarter. Hantz Financial Services Inc. now owns 849 shares of the company’s stock worth $59,000 after buying an additional 167 shares during the last quarter. Finally, NorthCrest Asset Manangement LLC boosted its holdings in shares of Evergy by 2.9% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 6,076 shares of the company’s stock valued at $472,000 after acquiring an additional 170 shares during the last quarter. 87.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Wells Fargo & Company increased their price objective on shares of Evergy from $77.00 to $79.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 20th. UBS Group increased their price target on Evergy from $81.00 to $83.00 and gave the company a “buy” rating in a report on Wednesday, December 17th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Evergy in a report on Monday, December 29th. Wall Street Zen cut Evergy from a “hold” rating to a “sell” rating in a research report on Monday, December 22nd. Finally, Barclays raised their target price on Evergy from $80.00 to $82.00 and gave the stock an “overweight” rating in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $83.63.

Evergy Trading Down 1.1%

Shares of Evergy stock opened at $76.75 on Monday. Evergy Inc. has a twelve month low of $61.94 and a twelve month high of $79.32. The company has a quick ratio of 0.30, a current ratio of 0.52 and a debt-to-equity ratio of 1.20. The business has a 50-day moving average price of $74.45 and a 200-day moving average price of $74.43. The firm has a market cap of $17.67 billion, a price-to-earnings ratio of 21.03, a PEG ratio of 3.10 and a beta of 0.66.

Evergy (NASDAQ:EVRG) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $2.03 earnings per share for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.11). The firm had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $2.24 billion. Evergy had a return on equity of 8.66% and a net margin of 14.45%.The business’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period last year, the company earned $2.02 earnings per share. Equities research analysts anticipate that Evergy Inc. will post 3.83 EPS for the current fiscal year.

Evergy Profile

Evergy, Inc is a regulated electric utility that generates, transmits and distributes electricity to residential, commercial and industrial customers primarily across Kansas and western Missouri. The company provides core utility services including retail electric delivery, grid operations, customer service and outage restoration, operating under state regulatory frameworks. Evergy serves a mix of urban and rural communities, including portions of the Kansas City metropolitan area and other population centers in its service territory.

The company’s business activities span power generation, system planning, transmission and distribution infrastructure, and customer-facing programs such as energy efficiency and demand-side management.