Evergy, Inc. (NASDAQ:EVRG) Shares Purchased by Summit Trail Advisors LLC

Summit Trail Advisors LLC boosted its position in shares of Evergy, Inc. (NASDAQ:EVRG) by 46.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,915 shares of the company’s stock after buying an additional 2,195 shares during the period. Summit Trail Advisors LLC’s holdings in Evergy were worth $426,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Pathway Financial Advisers LLC grew its position in shares of Evergy by 6,854.6% during the third 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 boosted its stake in Evergy by 7,234.3% during the 3rd quarter. Mizuho Securities USA LLC now owns 1,300,000 shares of the company’s stock worth $80,613,000 after purchasing an additional 1,282,275 shares during the period. FMR LLC grew its position in Evergy by 131.4% during 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 increased its stake in Evergy by 15,406.4% in the fourth quarter. SG Americas Securities LLC now owns 921,546 shares of the company’s stock valued at $56,721,000 after purchasing an additional 915,603 shares during the period. Finally, Assenagon Asset Management S.A. raised its holdings in shares of Evergy by 2,628.1% in the third quarter. Assenagon Asset Management S.A. now owns 725,367 shares of the company’s stock valued at $44,980,000 after buying an additional 698,778 shares during the last quarter. Institutional investors and hedge funds own 87.24% of the company’s stock.

Analysts Set New Price Targets

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

Evergy Stock Up 0.6 %

Evergy stock opened at $66.22 on Wednesday. The stock’s 50 day moving average price is $62.53 and its 200 day moving average price is $61.42. Evergy, Inc. has a 1-year low of $48.17 and a 1-year high of $66.25. The company has a market cap of $15.23 billion, a PE ratio of 17.90, a price-to-earnings-growth ratio of 2.75 and a beta of 0.66. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.55 and a quick ratio of 0.32.

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.