Bleakley Financial Group LLC Acquires 510 Shares of Evergy, Inc. (NASDAQ:EVRG)

Bleakley Financial Group LLC increased its stake in Evergy, Inc. (NASDAQ:EVRG) by 15.3% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 3,842 shares of the company’s stock after buying an additional 510 shares during the quarter. Bleakley Financial Group LLC’s holdings in Evergy were worth $236,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EVRG. Sunbelt Securities Inc. raised its stake in shares of Evergy by 2.2% during the third quarter. Sunbelt Securities Inc. now owns 7,778 shares of the company’s stock worth $482,000 after acquiring an additional 168 shares in the last quarter. Empirical Finance LLC raised its position in Evergy by 2.3% in the 3rd quarter. Empirical Finance LLC now owns 7,751 shares of the company’s stock worth $481,000 after buying an additional 171 shares during the last quarter. Mather Group LLC. raised its position in Evergy by 5.7% in the 4th quarter. Mather Group LLC. now owns 3,231 shares of the company’s stock worth $199,000 after buying an additional 173 shares during the last quarter. Wealthcare Advisory Partners LLC grew its stake in shares of Evergy by 2.5% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 7,322 shares of the company’s stock valued at $451,000 after purchasing an additional 182 shares during the period. Finally, DekaBank Deutsche Girozentrale grew its stake in shares of Evergy by 1.2% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 18,563 shares of the company’s stock valued at $1,138,000 after acquiring an additional 212 shares during the period. 87.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Wells Fargo & Company increased their price target on Evergy from $65.00 to $69.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Barclays decreased their price target on Evergy from $65.00 to $62.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. LADENBURG THALM/SH SH raised Evergy from a “neutral” rating to a “buy” rating and raised their price objective for the company from $59.00 to $68.50 in a report on Thursday, January 2nd. Mizuho assumed coverage on shares of Evergy in a report on Tuesday, October 29th. They issued an “outperform” rating and a $67.00 price objective for the company. Finally, Guggenheim upgraded 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 given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $65.36.

Evergy Trading Up 0.3 %

Shares of EVRG stock opened at $66.43 on Thursday. The stock has a market cap of $15.28 billion, a P/E ratio of 17.95, a P/E/G ratio of 2.75 and a beta of 0.66. The business has a fifty day simple moving average of $62.59 and a 200-day simple moving average of $61.45. Evergy, Inc. has a fifty-two week low of $48.17 and a fifty-two week high of $66.53. 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.