Pathway Financial Advisers LLC Reduces Holdings in Evergy, Inc. (NASDAQ:EVRG)

Pathway Financial Advisers LLC cut its stake in Evergy, Inc. (NASDAQ:EVRG - Free Report) by 98.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,868 shares of the company's stock after selling 2,496,133 shares during the period. Pathway Financial Advisers LLC's holdings in Evergy were worth $2,638,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Van ECK Associates Corp increased its holdings in shares of Evergy by 8.5% during the fourth quarter. Van ECK Associates Corp now owns 116,709 shares of the company's stock valued at $7,184,000 after acquiring an additional 9,140 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in Evergy by 102.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 60,494 shares of the company's stock valued at $3,729,000 after purchasing an additional 30,563 shares in the last quarter. Kentucky Trust Co acquired a new position in Evergy during the fourth quarter worth $284,000. Quent Capital LLC lifted its stake in shares of Evergy by 4.6% in the fourth quarter. Quent Capital LLC now owns 3,692 shares of the company's stock valued at $227,000 after buying an additional 163 shares in the last quarter. Finally, Summit Trail Advisors LLC grew its holdings in shares of Evergy by 46.5% during the fourth quarter. Summit Trail Advisors LLC now owns 6,915 shares of the company's stock valued at $426,000 after buying an additional 2,195 shares during the last quarter. 87.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on EVRG. Barclays lowered their target price on shares of Evergy from $65.00 to $62.00 and set an "overweight" rating on the stock in a report on Monday, January 27th. Mizuho assumed coverage on Evergy in a report on Tuesday, October 29th. They issued an "outperform" rating and a $67.00 target price on the stock. LADENBURG THALM/SH SH raised Evergy from a "neutral" rating to a "buy" rating and lifted their target price for the company from $59.00 to $68.50 in a research report on Thursday, January 2nd. Finally, Guggenheim raised Evergy from a "neutral" rating to a "buy" rating in a research report 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 data from MarketBeat, Evergy has a consensus rating of "Moderate Buy" and an average target price of $65.36.

Evergy Stock Performance

NASDAQ:EVRG traded down $0.23 during trading on Monday, reaching $66.66. The company's stock had a trading volume of 1,706,828 shares, compared to its average volume of 1,744,046. Evergy, Inc. has a 12 month low of $48.60 and a 12 month high of $67.89. The firm has a market cap of $15.33 billion, a price-to-earnings ratio of 18.02, a price-to-earnings-growth ratio of 2.75 and a beta of 0.66. The firm has a 50 day moving average of $62.73 and a 200-day moving average of $61.61. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.55.

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.