ING Groep NV Sells 185,482 Shares of Evergy, Inc. (NASDAQ:EVRG)

ING Groep NV lowered its position in shares of Evergy, Inc. (NASDAQ:EVRG - Free Report) by 53.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 159,873 shares of the company's stock after selling 185,482 shares during the period. ING Groep NV owned 0.07% of Evergy worth $9,840,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Bleakley Financial Group LLC bought a new stake in Evergy in the 3rd quarter valued at about $207,000. Blue Trust Inc. raised its position in shares of Evergy by 44.8% in the third quarter. Blue Trust Inc. now owns 2,148 shares of the company's stock valued at $133,000 after buying an additional 665 shares in the last quarter. Eastern Bank bought a new stake in shares of Evergy in the third quarter valued at approximately $246,000. Private Advisor Group LLC grew its position in Evergy by 3.6% during the third quarter. Private Advisor Group LLC now owns 14,001 shares of the company's stock worth $868,000 after buying an additional 481 shares in the last quarter. Finally, Greenleaf Trust acquired a new stake in Evergy during the third quarter worth approximately $214,000. 87.24% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

EVRG has been the subject of a number of recent analyst reports. Mizuho began coverage on Evergy in a research report on Tuesday, October 29th. They set an "outperform" rating and a $67.00 target price for the company. Guggenheim raised Evergy from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. LADENBURG THALM/SH SH upgraded shares of Evergy from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $59.00 to $68.50 in a research note on Thursday, January 2nd. Finally, Barclays dropped their target price on shares of Evergy from $65.00 to $62.00 and set an "overweight" rating for the company in a research report 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 company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $65.36.

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Evergy Price Performance

NASDAQ EVRG traded up $0.47 during trading on Tuesday, hitting $68.86. 931,971 shares of the company's stock were exchanged, compared to its average volume of 1,772,323. The company has a market cap of $15.83 billion, a PE ratio of 18.61, a P/E/G ratio of 2.82 and a beta of 0.66. 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 fifty-two week low of $48.60 and a fifty-two week high of $69.05. The stock's 50 day moving average price is $63.38 and its two-hundred day moving average price is $61.96.

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.