Wealthspire Advisors LLC Sells 425 Shares of Evergy Inc. (NASDAQ:EVRG)

Wealthspire Advisors LLC reduced its position in shares of Evergy Inc. (NASDAQ:EVRG) by 2.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,178 shares of the company’s stock after selling 425 shares during the period. Wealthspire Advisors LLC’s holdings in Evergy were worth $1,322,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in EVRG. Bfsg LLC purchased a new stake in Evergy in the 1st quarter valued at about $25,000. Colonial Trust Co SC bought a new position in shares of Evergy in the fourth quarter valued at approximately $32,000. Alpine Bank Wealth Management purchased a new stake in shares of Evergy during the first quarter valued at approximately $32,000. Olde Wealth Management LLC purchased a new stake in shares of Evergy during the first quarter valued at approximately $32,000. Finally, LRI Investments LLC bought a new stake in Evergy during the first quarter worth $32,000. 87.24% of the stock is owned by institutional investors.

Evergy Price Performance

NASDAQ EVRG opened at $73.25 on Thursday. The company has a quick ratio of 0.29, a current ratio of 0.55 and a debt-to-equity ratio of 1.24. The company has a market cap of $16.85 billion, a PE ratio of 19.28, a price-to-earnings-growth ratio of 3.19 and a beta of 0.48. Evergy Inc. has a 52 week low of $57.28 and a 52 week high of $73.66. The firm’s 50-day simple moving average is $68.56 and its two-hundred day simple moving average is $67.33.

Evergy (NASDAQ:EVRG) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.12). The business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.21 billion. Evergy had a net margin of 14.87% and a return on equity of 8.84%. During the same period last year, the firm earned $0.54 EPS. Research analysts predict that Evergy Inc. will post 3.83 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have issued reports on EVRG shares. Citigroup upped their price objective on Evergy from $77.00 to $79.00 and gave the company a “buy” rating in a research note on Friday, May 16th. UBS Group raised shares of Evergy from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $68.00 to $78.00 in a report on Monday, April 28th. LADENBURG THALM/SH SH upgraded shares of Evergy to a “strong-buy” rating in a research report on Thursday, May 8th. BMO Capital Markets initiated coverage on shares of Evergy in a research report on Tuesday, May 13th. They issued an “outperform” rating and a $75.00 price objective on the stock. Finally, Wall Street Zen cut shares of Evergy from a “hold” rating to a “sell” rating in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Evergy presently has a consensus rating of “Moderate Buy” and an average target price of $74.06.

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.