Sonora Investment Management Group LLC Has $12.32 Million Stock Holdings in Evergy, Inc. (NASDAQ:EVRG)

Sonora Investment Management Group LLC boosted its position in shares of Evergy, Inc. (NASDAQ:EVRG) by 4.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 200,231 shares of the company’s stock after purchasing an additional 9,296 shares during the period. Sonora Investment Management Group LLC owned about 0.09% of Evergy worth $12,324,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pathway Financial Advisers LLC grew its holdings in Evergy by 6,854.6% during the 3rd quarter. Pathway Financial Advisers LLC now owns 2,539,001 shares of the company’s stock worth $157,443,000 after acquiring an additional 2,502,493 shares during the last quarter. Mizuho Securities USA LLC increased its holdings in shares of Evergy by 7,234.3% in the third quarter. Mizuho Securities USA LLC now owns 1,300,000 shares of the company’s stock valued at $80,613,000 after purchasing an additional 1,282,275 shares in the last quarter. FMR LLC raised its position in Evergy by 131.4% in the 3rd quarter. FMR LLC now owns 2,004,414 shares of the company’s stock worth $124,294,000 after purchasing an additional 1,138,138 shares during the last quarter. SG Americas Securities LLC raised its position in Evergy by 15,406.4% in the 4th quarter. SG Americas Securities LLC now owns 921,546 shares of the company’s stock worth $56,721,000 after purchasing an additional 915,603 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in Evergy by 2,628.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 725,367 shares of the company’s stock worth $44,980,000 after buying an additional 698,778 shares in the last quarter. 87.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Evergy

In other Evergy news, EVP Kevin E. Bryant sold 48,141 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $62.93, for a total transaction of $3,029,513.13. Following the sale, the executive vice president now owns 1 shares of the company’s stock, valued at approximately $62.93. The trade was a 100.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.47% of the company’s stock.

Evergy Price Performance

Shares of NASDAQ EVRG opened at $64.25 on Friday. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15. The business’s 50 day moving average is $62.41 and its 200-day moving average is $60.80. Evergy, Inc. has a 1-year low of $48.04 and a 1-year high of $65.47. The firm has a market cap of $14.78 billion, a P/E ratio of 17.36, a price-to-earnings-growth ratio of 2.64 and a beta of 0.64.

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

Evergy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Thursday, November 21st were paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.16%. This is a boost from Evergy’s previous quarterly dividend of $0.64. The ex-dividend date was Thursday, November 21st. Evergy’s dividend payout ratio (DPR) is 72.16%.

Analyst Upgrades and Downgrades

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