Concurrent Investment Advisors LLC Boosts Stake in Evergy, Inc. (NASDAQ:EVRG)

Concurrent Investment Advisors LLC lifted its holdings in Evergy, Inc. (NASDAQ:EVRG) by 3.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,135 shares of the company’s stock after buying an additional 315 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Evergy were worth $562,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Blue Trust Inc. boosted its position in Evergy by 44.8% during the third quarter. Blue Trust Inc. now owns 2,148 shares of the company’s stock worth $133,000 after purchasing an additional 665 shares in the last quarter. Private Advisor Group LLC boosted 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 purchasing an additional 481 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in Evergy during the third quarter worth $1,330,000. Hennion & Walsh Asset Management Inc. boosted its position in Evergy by 12.3% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 8,688 shares of the company’s stock worth $539,000 after purchasing an additional 950 shares in the last quarter. Finally, Allworth Financial LP boosted its position in Evergy by 40.5% during the third quarter. Allworth Financial LP now owns 4,321 shares of the company’s stock worth $268,000 after purchasing an additional 1,246 shares in the last quarter. 87.24% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on EVRG. Barclays decreased their target price on Evergy from $65.00 to $62.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. LADENBURG THALM/SH SH upgraded Evergy from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $59.00 to $68.50 in a research report on Thursday, January 2nd. Mizuho began coverage on Evergy in a research report on Tuesday, October 29th. They issued an “outperform” rating and a $67.00 price objective on the stock. Finally, Guggenheim upgraded Evergy from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Evergy currently has a consensus rating of “Moderate Buy” and a consensus price target of $65.36.

Evergy Stock Up 0.5 %

Shares of NASDAQ:EVRG opened at $68.39 on Tuesday. 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 52-week low of $48.60 and a 52-week high of $68.81. The stock’s fifty day simple moving average is $63.38 and its 200-day simple moving average is $61.96. The company has a market capitalization of $15.73 billion, a P/E ratio of 18.48, a P/E/G ratio of 2.82 and a beta of 0.66.

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.