Allspring Global Investments Holdings LLC Boosts Position in Evergy, Inc. (NASDAQ:EVRG)

Allspring Global Investments Holdings LLC boosted its holdings in shares of Evergy, Inc. (NASDAQ:EVRG) by 102.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 60,494 shares of the company’s stock after buying an additional 30,563 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Evergy were worth $3,729,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Kentucky Trust Co purchased a new position in Evergy during the 4th quarter worth approximately $284,000. Quent Capital LLC raised its position in Evergy by 4.6% during the 4th quarter. Quent Capital LLC now owns 3,692 shares of the company’s stock worth $227,000 after buying an additional 163 shares during the last quarter. Summit Trail Advisors LLC raised its position in Evergy by 46.5% during the 4th quarter. Summit Trail Advisors LLC now owns 6,915 shares of the company’s stock worth $426,000 after buying an additional 2,195 shares during the last quarter. Soltis Investment Advisors LLC raised its position in Evergy by 5.8% during the 4th quarter. Soltis Investment Advisors LLC now owns 58,017 shares of the company’s stock worth $3,571,000 after buying an additional 3,158 shares during the last quarter. Finally, Savant Capital LLC raised its position in Evergy by 2.2% during the 4th quarter. Savant Capital LLC now owns 60,494 shares of the company’s stock worth $3,723,000 after buying an additional 1,331 shares during the last quarter. 87.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on EVRG. LADENBURG THALM/SH SH raised shares of Evergy from a “neutral” rating to a “buy” rating and raised their price target 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 report on Tuesday, October 29th. They set an “outperform” rating and a $67.00 target price for the company. Guggenheim raised shares of Evergy from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Finally, Barclays cut their target price on shares of Evergy from $65.00 to $62.00 and set an “overweight” rating for the company in a report on Monday, January 27th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $65.36.

Evergy Price Performance

Evergy stock opened at $67.25 on Friday. The company’s fifty day moving average price is $63.11 and its 200 day moving average price is $61.78. Evergy, Inc. has a 1 year low of $48.60 and a 1 year high of $67.89. The stock has a market capitalization of $15.47 billion, a P/E ratio of 18.18, a P/E/G ratio of 2.81 and a beta of 0.66. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.55.

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.