4,609 Shares in Evergy, Inc. (NASDAQ:EVRG) Bought by Kentucky Trust Co

Kentucky Trust Co bought a new stake in Evergy, Inc. (NASDAQ:EVRG) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 4,609 shares of the company’s stock, valued at approximately $284,000.

Other hedge funds have also recently made changes to their positions in the company. Pathway Financial Advisers LLC raised its position in Evergy by 6,854.6% during the 3rd quarter. Pathway Financial Advisers LLC now owns 2,539,001 shares of the company’s stock worth $157,443,000 after purchasing an additional 2,502,493 shares during the last quarter. Mizuho Securities USA LLC raised its position in shares of Evergy by 7,234.3% during the third quarter. Mizuho Securities USA LLC now owns 1,300,000 shares of the company’s stock worth $80,613,000 after acquiring an additional 1,282,275 shares during the last quarter. FMR LLC increased its position in Evergy by 131.4% during the 3rd quarter. FMR LLC now owns 2,004,414 shares of the company’s stock valued at $124,294,000 after purchasing an additional 1,138,138 shares during the period. SG Americas Securities LLC increased its position in shares of Evergy by 15,406.4% during the fourth quarter. SG Americas Securities LLC now owns 921,546 shares of the company’s stock worth $56,721,000 after buying an additional 915,603 shares during the period. Finally, Assenagon Asset Management S.A. grew its holdings in Evergy by 2,628.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 725,367 shares of the company’s stock worth $44,980,000 after acquiring an additional 698,778 shares during the period. 87.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on EVRG. Guggenheim upgraded shares of Evergy from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. LADENBURG THALM/SH SH raised Evergy from a “neutral” rating to a “buy” rating and upped their target price for the stock from $59.00 to $68.50 in a research report on Thursday, January 2nd. Mizuho initiated coverage on shares of Evergy in a research note on Tuesday, October 29th. They set an “outperform” rating and a $67.00 price target for the company. Wells Fargo & Company raised their price objective on shares of Evergy from $65.00 to $69.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Finally, Barclays decreased their price target on Evergy from $65.00 to $62.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Evergy currently has a consensus rating of “Moderate Buy” and an average price target of $65.36.

Evergy Stock Performance

Evergy stock opened at $66.22 on Wednesday. The company has a market capitalization of $15.23 billion, a PE ratio of 17.90, a P/E/G ratio of 2.75 and a beta of 0.66. The firm has a fifty day simple moving average of $62.53 and a two-hundred day simple moving average of $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. Evergy, Inc. has a twelve month low of $48.17 and a twelve month high of $66.25.

Evergy Company 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.