Evergy, Inc. (NASDAQ:EVRG) Stock Position Increased by Venturi Wealth Management LLC

Venturi Wealth Management LLC boosted its position in Evergy, Inc. (NASDAQ:EVRG) by 132.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,228 shares of the company’s stock after purchasing an additional 1,842 shares during the quarter. Venturi Wealth Management LLC’s holdings in Evergy were worth $199,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. HighTower Advisors LLC lifted its position in Evergy by 391.1% in the 3rd quarter. HighTower Advisors LLC now owns 97,186 shares of the company’s stock valued at $6,030,000 after purchasing an additional 77,398 shares during the last quarter. Allworth Financial LP lifted its position in Evergy by 84.6% in the 4th quarter. Allworth Financial LP now owns 7,975 shares of the company’s stock valued at $501,000 after purchasing an additional 3,654 shares during the last quarter. Bank of Montreal Can lifted its position in Evergy by 29.1% in the 3rd quarter. Bank of Montreal Can now owns 997,832 shares of the company’s stock valued at $61,806,000 after purchasing an additional 224,679 shares during the last quarter. BNP Paribas Financial Markets lifted its position in Evergy by 34.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 945,148 shares of the company’s stock valued at $58,609,000 after purchasing an additional 239,599 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its position in Evergy by 23.1% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 10,692 shares of the company’s stock valued at $658,000 after purchasing an additional 2,004 shares during the last quarter. 87.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on EVRG shares. LADENBURG THALM/SH SH raised shares of Evergy from a “neutral” rating to a “buy” rating and raised their target price for the company from $59.00 to $68.50 in a research note on Thursday, January 2nd. Mizuho started coverage on shares of Evergy in a research note on Tuesday, October 29th. They set an “outperform” rating and a $67.00 target price on the stock. 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 research note on Monday, January 27th. Finally, Guggenheim raised shares of Evergy from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $65.36.

Evergy Stock Performance

Shares of EVRG opened at $68.06 on Friday. The firm’s 50 day moving average is $63.24 and its 200-day moving average is $61.85. The stock has a market capitalization of $15.65 billion, a P/E ratio of 18.39, a P/E/G ratio of 2.82 and a beta of 0.66. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.55 and a quick ratio of 0.32. Evergy, Inc. has a 12-month low of $48.60 and a 12-month high of $68.38.

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.