Keene & Associates Inc. Grows Stake in Evergy, Inc. (NASDAQ:EVRG)

Keene & Associates Inc. increased its holdings in shares of Evergy, Inc. (NASDAQ:EVRG) by 0.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 64,239 shares of the company’s stock after purchasing an additional 316 shares during the period. Evergy accounts for 3.2% of Keene & Associates Inc.’s holdings, making the stock its 9th biggest holding. Keene & Associates Inc.’s holdings in Evergy were worth $3,954,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Global Retirement Partners LLC boosted its stake in shares of Evergy by 32.2% during the fourth quarter. Global Retirement Partners LLC now owns 2,688 shares of the company’s stock valued at $165,000 after purchasing an additional 655 shares in the last quarter. Bank of Jackson Hole Trust acquired a new stake in Evergy in the fourth quarter valued at approximately $31,000. New York State Common Retirement Fund boosted its stake in Evergy by 292.4% in the fourth quarter. New York State Common Retirement Fund now owns 398,950 shares of the company’s stock valued at $24,555,000 after acquiring an additional 297,289 shares in the last quarter. Kestra Investment Management LLC acquired a new stake in Evergy in the fourth quarter valued at approximately $92,000. Finally, Venturi Wealth Management LLC boosted its stake in Evergy by 132.9% in the fourth quarter. Venturi Wealth Management LLC now owns 3,228 shares of the company’s stock valued at $199,000 after acquiring an additional 1,842 shares in the last quarter. 87.24% of the stock is currently owned by institutional investors.

Evergy Trading Up 0.6 %

NASDAQ EVRG opened at $67.07 on Wednesday. The company has a fifty day simple moving average of $62.91 and a two-hundred day simple moving average of $61.71. The stock has a market cap of $15.42 billion, a P/E ratio of 18.13, a P/E/G ratio of 2.80 and a beta of 0.66. Evergy, Inc. has a 12-month low of $48.60 and a 12-month high of $67.89. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. LADENBURG THALM/SH SH upgraded shares of Evergy from a “neutral” rating to a “buy” rating and raised their target price for the company from $59.00 to $68.50 in a research note on Thursday, January 2nd. Mizuho assumed coverage on shares of Evergy in a research note on Tuesday, October 29th. They issued an “outperform” rating and a $67.00 target price for the company. Barclays lowered their target price on shares of Evergy from $65.00 to $62.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. Finally, Guggenheim upgraded shares of Evergy from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $65.36.

Evergy 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.