Kingsview Wealth Management LLC Buys Shares of 3,470 Evergy, Inc. (NASDAQ:EVRG)

Kingsview Wealth Management LLC purchased a new position in Evergy, Inc. (NASDAQ:EVRG) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 3,470 shares of the company’s stock, valued at approximately $214,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Truvestments Capital LLC bought a new stake in Evergy in the third quarter valued at approximately $32,000. Sentry Investment Management LLC bought a new stake in shares of Evergy in the 3rd quarter valued at $51,000. USA Financial Formulas bought a new position in Evergy during the fourth quarter worth about $73,000. Venturi Wealth Management LLC increased its holdings in shares of Evergy by 230.0% in the third quarter. Venturi Wealth Management LLC now owns 1,386 shares of the company’s stock worth $86,000 after acquiring an additional 966 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Evergy by 33.6% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,427 shares of the company’s stock valued at $88,000 after purchasing an additional 359 shares in the last quarter. 87.24% of the stock is currently owned by institutional investors.

Evergy Stock Down 0.3 %

Shares of EVRG stock opened at $66.66 on Friday. Evergy, Inc. has a 52-week low of $48.60 and a 52-week high of $67.89. 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 stock has a market cap of $15.33 billion, a price-to-earnings ratio of 18.02, a PEG ratio of 2.75 and a beta of 0.66. The firm’s 50-day moving average is $62.73 and its 200-day moving average is $61.58.

Analysts Set New Price Targets

A number of research firms recently issued reports on EVRG. Mizuho began coverage on Evergy in a research note on Tuesday, October 29th. They set an “outperform” rating and a $67.00 target price for the company. LADENBURG THALM/SH SH raised shares of Evergy from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $59.00 to $68.50 in a research report on Thursday, January 2nd. Barclays cut their price objective on shares of Evergy from $65.00 to $62.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. Finally, Guggenheim upgraded Evergy from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. One 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 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.