Sanctuary Advisors LLC Boosts Stock Holdings in Evergy, Inc. (NASDAQ:EVRG)

Sanctuary Advisors LLC increased its position in Evergy, Inc. (NASDAQ:EVRG) by 5.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 25,266 shares of the company’s stock after acquiring an additional 1,324 shares during the period. Sanctuary Advisors LLC’s holdings in Evergy were worth $1,623,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in EVRG. J.W. Cole Advisors Inc. boosted its holdings in Evergy by 4.7% in the fourth quarter. J.W. Cole Advisors Inc. now owns 16,541 shares of the company’s stock worth $1,018,000 after purchasing an additional 735 shares during the last quarter. Allworth Financial LP increased its holdings in Evergy by 84.6% in the 4th quarter. Allworth Financial LP now owns 7,975 shares of the company’s stock worth $501,000 after acquiring an additional 3,654 shares in the last quarter. Van ECK Associates Corp raised its stake in Evergy by 8.5% during the 4th quarter. Van ECK Associates Corp now owns 116,709 shares of the company’s stock worth $7,184,000 after acquiring an additional 9,140 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in Evergy by 102.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 60,494 shares of the company’s stock valued at $3,729,000 after purchasing an additional 30,563 shares in the last quarter. Finally, Kentucky Trust Co bought a new position in shares of Evergy in the fourth quarter worth approximately $284,000. 87.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on EVRG. Mizuho started coverage on shares of Evergy in a research note on Tuesday, October 29th. They set an “outperform” rating and a $67.00 target price on the stock. Guggenheim upgraded shares of Evergy from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Barclays dropped their price objective 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. Finally, LADENBURG THALM/SH SH raised Evergy from a “neutral” rating to a “buy” rating and lifted their target price 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 assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $65.36.

Evergy Stock Performance

Evergy stock opened at $68.39 on Tuesday. The company’s 50-day moving average price is $63.38 and its 200-day moving average price is $61.96. The company has a quick ratio of 0.32, a current ratio of 0.55 and a debt-to-equity ratio of 1.15. The company has a market cap of $15.73 billion, a PE ratio of 18.48, a price-to-earnings-growth ratio of 2.82 and a beta of 0.66. Evergy, Inc. has a twelve month low of $48.60 and a twelve month high of $68.81.

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.