Empower Advisory Group LLC Raises Stock Position in Evergy, Inc. (NASDAQ:EVRG)

Empower Advisory Group LLC raised its stake in shares of Evergy, Inc. (NASDAQ:EVRG - Free Report) by 4.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,192,964 shares of the company's stock after purchasing an additional 45,439 shares during the quarter. Empower Advisory Group LLC owned approximately 0.52% of Evergy worth $73,427,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Truvestments Capital LLC purchased a new stake in Evergy in the third quarter worth $32,000. Sentry Investment Management LLC bought a new stake in shares of Evergy during the 3rd quarter valued at $51,000. USA Financial Formulas purchased a new stake in shares of Evergy in the 4th quarter worth about $73,000. Venturi Wealth Management LLC increased its stake in shares of Evergy by 230.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,386 shares of the company's stock worth $86,000 after acquiring an additional 966 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its position in Evergy by 33.6% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,427 shares of the company's stock valued at $88,000 after acquiring an additional 359 shares during the period. 87.24% of the stock is currently owned by institutional investors.

Evergy Stock Up 1.2 %

EVRG traded up $0.81 during trading on Friday, hitting $68.06. 2,284,247 shares of the company's stock traded hands, compared to its average volume of 1,763,219. The stock has a market capitalization of $15.65 billion, a price-to-earnings ratio of 18.39, a PEG ratio of 2.82 and a beta of 0.66. The company's 50 day simple moving average is $63.24 and its two-hundred day simple moving average is $61.85. Evergy, Inc. has a 12-month low of $48.60 and a 12-month high of $68.38. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15.

Remove Ads

Analyst Ratings Changes

A number of equities research analysts have weighed in on EVRG shares. Guggenheim upgraded shares of Evergy from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. LADENBURG THALM/SH SH raised Evergy from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $59.00 to $68.50 in a research report on Thursday, January 2nd. Mizuho started coverage on Evergy in a research report on Tuesday, October 29th. They set an "outperform" rating and a $67.00 price objective for the company. Finally, Barclays lowered their price objective on Evergy from $65.00 to $62.00 and set an "overweight" rating for the company in a research note on Monday, January 27th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus 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.