Blue Trust Inc. Sells 544 Shares of Evergy, Inc. (NASDAQ:EVRG)

Blue Trust Inc. decreased its position in Evergy, Inc. (NASDAQ:EVRG) by 25.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,604 shares of the company’s stock after selling 544 shares during the quarter. Blue Trust Inc.’s holdings in Evergy were worth $99,000 at the end of the most recent reporting period.

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

Evergy Stock Performance

NASDAQ:EVRG opened at $68.06 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 business has a fifty day simple moving average of $63.24 and a two-hundred day simple moving average of $61.87. Evergy, Inc. has a 1 year low of $48.60 and a 1 year high of $68.38. The company has a market capitalization of $15.65 billion, a P/E ratio of 18.39, a P/E/G ratio of 2.82 and a beta of 0.66.

Analysts Set New Price Targets

A number of brokerages recently commented on EVRG. Barclays dropped 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. Guggenheim upgraded Evergy from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. 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, LADENBURG THALM/SH SH upgraded Evergy from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $59.00 to $68.50 in a report on Thursday, January 2nd. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.