Evergy, Inc. (NASDAQ:EVRG) Shares Sold by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC decreased its position in shares of Evergy, Inc. (NASDAQ:EVRG - Free Report) by 78.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 28,379 shares of the company's stock after selling 103,699 shares during the quarter. Bryn Mawr Capital Management LLC's holdings in Evergy were worth $1,747,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of Jackson Hole Trust purchased a new position in Evergy during the 4th quarter worth $31,000. Truvestments Capital LLC acquired a new stake in shares of Evergy during the third quarter worth about $32,000. Sentry Investment Management LLC purchased a new position in shares of Evergy during the third quarter worth about $51,000. USA Financial Formulas acquired a new position in Evergy in the 4th quarter valued at about $73,000. Finally, Venturi Wealth Management LLC increased its position in Evergy by 230.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,386 shares of the company's stock valued at $86,000 after acquiring an additional 966 shares during the period. Institutional investors and hedge funds own 87.24% of the company's stock.

Evergy Price Performance

Shares of NASDAQ:EVRG traded up $0.16 on Monday, reaching $68.22. 1,366,103 shares of the company were exchanged, compared to its average volume of 1,740,643. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15. Evergy, Inc. has a 1-year low of $48.60 and a 1-year high of $68.81. The firm has a market cap of $15.69 billion, a price-to-earnings ratio of 18.44, a price-to-earnings-growth ratio of 2.82 and a beta of 0.66. The company has a 50-day moving average of $63.24 and a 200-day moving average of $61.89.

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Wall Street Analyst Weigh In

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