Rhumbline Advisers Cuts Stock Position in Evergy, Inc. (NASDAQ:EVRG)

Rhumbline Advisers lowered its stake in Evergy, Inc. (NASDAQ:EVRG) by 2.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 363,155 shares of the company’s stock after selling 10,460 shares during the period. Rhumbline Advisers owned 0.16% of Evergy worth $22,352,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Truvestments Capital LLC bought a new position in Evergy in the 3rd quarter valued at approximately $32,000. Sentry Investment Management LLC bought a new position in shares of Evergy during the 3rd quarter valued at $51,000. USA Financial Formulas bought a new position in shares of Evergy during the 4th quarter valued at $73,000. Venturi Wealth Management LLC lifted its holdings in shares of Evergy by 230.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,386 shares of the company’s stock valued at $86,000 after buying an additional 966 shares during the period. 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 buying an additional 359 shares during the period. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Evergy Trading Down 0.0 %

NASDAQ:EVRG opened at $67.25 on Friday. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.55 and a quick ratio of 0.32. The firm has a market capitalization of $15.47 billion, a price-to-earnings ratio of 18.18, a price-to-earnings-growth ratio of 2.81 and a beta of 0.66. Evergy, Inc. has a one year low of $48.60 and a one year high of $67.89. The business has a fifty day moving average price of $63.11 and a 200-day moving average price of $61.78.

Analyst Ratings Changes

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

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.