Allspring Global Investments Holdings LLC Has $3.73 Million Stake in Evergy, Inc. (NASDAQ:EVRG)

Allspring Global Investments Holdings LLC boosted its position in shares of Evergy, Inc. (NASDAQ:EVRG - Free Report) by 102.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 60,494 shares of the company's stock after buying an additional 30,563 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Evergy were worth $3,729,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Franklin Resources Inc. lifted its holdings in Evergy by 5.5% during the 3rd quarter. Franklin Resources Inc. now owns 5,532,719 shares of the company's stock worth $330,469,000 after buying an additional 288,619 shares in the last quarter. Point72 Asset Management L.P. raised its position in shares of Evergy by 25.8% during the 3rd quarter. Point72 Asset Management L.P. now owns 2,848,735 shares of the company's stock valued at $176,650,000 after acquiring an additional 583,923 shares during the last quarter. Pathway Financial Advisers LLC raised its position in shares of Evergy by 6,854.6% during the 3rd quarter. Pathway Financial Advisers LLC now owns 2,539,001 shares of the company's stock valued at $157,443,000 after acquiring an additional 2,502,493 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Evergy by 42.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,135,011 shares of the company's stock valued at $132,392,000 after acquiring an additional 634,735 shares during the last quarter. Finally, FMR LLC raised its position in shares of Evergy by 131.4% during the 3rd quarter. FMR LLC now owns 2,004,414 shares of the company's stock valued at $124,294,000 after acquiring an additional 1,138,138 shares during the last quarter. Institutional investors and hedge funds own 87.24% of the company's stock.

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Analyst Upgrades and Downgrades

Several brokerages have commented on EVRG. Guggenheim upgraded shares of Evergy from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. LADENBURG THALM/SH SH upgraded shares of Evergy from a "neutral" rating to a "buy" rating and upped their target price for the company from $59.00 to $68.50 in a research report on Thursday, January 2nd. 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 objective for the company. Finally, Barclays dropped their price objective on Evergy from $65.00 to $62.00 and set an "overweight" rating on the stock in a research note on Monday, January 27th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, Evergy currently has a consensus rating of "Moderate Buy" and a consensus target price of $65.36.

Evergy Trading Up 0.5 %

Evergy stock traded up $0.33 during mid-day trading on Monday, hitting $68.39. 3,005,206 shares of the company's stock were exchanged, compared to its average volume of 1,798,702. The company's 50 day simple moving average is $63.38 and its 200-day simple moving average is $61.96. Evergy, Inc. has a fifty-two week low of $48.60 and a fifty-two week high of $68.81. The firm has a market capitalization of $15.73 billion, a P/E ratio of 18.48, a PEG ratio of 2.82 and a beta of 0.66. The company has a quick ratio of 0.32, a current ratio of 0.55 and a debt-to-equity ratio of 1.15.

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.