Evergy, Inc. (NASDAQ:EVRG) Stake Boosted by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. increased its position in shares of Evergy, Inc. (NASDAQ:EVRG) by 4.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 539,263 shares of the company’s stock after buying an additional 23,957 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Evergy were worth $33,192,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of EVRG. Truvestments Capital LLC acquired a new position in Evergy in the 3rd quarter worth about $32,000. Sentry Investment Management LLC acquired a new position in Evergy in the third quarter worth approximately $51,000. USA Financial Formulas acquired a new position in Evergy in the fourth quarter worth approximately $73,000. Venturi Wealth Management LLC raised its position in Evergy by 230.0% during the third 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 in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its position in Evergy by 33.6% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,427 shares of the company’s stock worth $88,000 after acquiring an additional 359 shares in the last quarter. Institutional investors and hedge funds own 87.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently 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. Wells Fargo & Company increased their price objective on Evergy from $65.00 to $69.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Barclays reduced their target price on Evergy from $65.00 to $62.00 and set an “overweight” rating for the company in a report on Monday, January 27th. Finally, Mizuho began coverage on shares of Evergy in a research report on Tuesday, October 29th. They issued an “outperform” rating and a $67.00 price target on the stock. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $65.36.

Evergy Stock Performance

Shares of NASDAQ EVRG opened at $66.22 on Wednesday. Evergy, Inc. has a 12 month low of $48.17 and a 12 month high of $66.25. The company has a market cap of $15.23 billion, a P/E ratio of 17.90, a P/E/G ratio of 2.75 and a beta of 0.66. The business’s 50 day moving average is $62.53 and its two-hundred day moving average is $61.42. The company has a quick ratio of 0.32, a current ratio of 0.55 and a debt-to-equity ratio of 1.15.

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.