Evergy, Inc. (NASDAQ:EVRG) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. cut its holdings in Evergy, Inc. (NASDAQ:EVRG) by 0.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 276,412 shares of the company’s stock after selling 1,785 shares during the period. Principal Financial Group Inc. owned about 0.12% of Evergy worth $17,013,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Private Advisor Group LLC lifted its holdings in shares of Evergy by 3.6% in the third quarter. Private Advisor Group LLC now owns 14,001 shares of the company’s stock valued at $868,000 after purchasing an additional 481 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in Evergy in the 3rd quarter valued at approximately $1,330,000. Hennion & Walsh Asset Management Inc. lifted its stake in Evergy by 12.3% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 8,688 shares of the company’s stock valued at $539,000 after buying an additional 950 shares in the last quarter. Allworth Financial LP grew its holdings in Evergy by 40.5% during the 3rd quarter. Allworth Financial LP now owns 4,321 shares of the company’s stock valued at $268,000 after buying an additional 1,246 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in Evergy by 40.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,035 shares of the company’s stock worth $1,055,000 after buying an additional 4,946 shares in the last quarter. 87.24% of the stock is owned by institutional investors and hedge funds.

Evergy Stock Performance

Shares of EVRG stock opened at $68.81 on Wednesday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.55. The firm has a market capitalization of $15.82 billion, a price-to-earnings ratio of 18.60, a price-to-earnings-growth ratio of 2.82 and a beta of 0.66. Evergy, Inc. has a one year low of $48.60 and a one year high of $69.06. The company has a 50 day moving average price of $63.52 and a 200 day moving average price of $62.03.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on EVRG shares. Barclays reduced their price objective on Evergy from $65.00 to $62.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. 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 on the stock. Guggenheim upgraded shares of Evergy from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Finally, LADENBURG THALM/SH SH raised shares of Evergy from a “neutral” rating to a “buy” rating and upped their price objective for the company from $59.00 to $68.50 in a research note on Thursday, January 2nd. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $65.36.

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.