Evergy, Inc. (NASDAQ:EVRG) Shares Sold by ING Groep NV

ING Groep NV reduced its stake in Evergy, Inc. (NASDAQ:EVRG) by 53.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 159,873 shares of the company’s stock after selling 185,482 shares during the period. ING Groep NV’s holdings in Evergy were worth $9,840,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Bank of Jackson Hole Trust acquired a new stake in shares of Evergy in the 4th quarter worth approximately $31,000. Truvestments Capital LLC acquired a new stake in Evergy during the third quarter valued at approximately $32,000. Sentry Investment Management LLC acquired a new stake in Evergy during the third quarter valued at approximately $51,000. USA Financial Formulas acquired a new stake in Evergy during the fourth quarter valued at approximately $73,000. Finally, Venturi Wealth Management LLC lifted its stake in Evergy by 230.0% during the third quarter. Venturi Wealth Management LLC now owns 1,386 shares of the company’s stock valued at $86,000 after purchasing an additional 966 shares during the last quarter. 87.24% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EVRG has been the subject of several recent research reports. LADENBURG THALM/SH SH raised shares of Evergy from a “neutral” rating to a “buy” rating and increased their target price for the company from $59.00 to $68.50 in a research note on Thursday, January 2nd. Guggenheim raised shares of Evergy from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Barclays cut their target price on shares of Evergy from $65.00 to $62.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. Finally, Mizuho began coverage on shares of Evergy in a research note on Tuesday, October 29th. They set an “outperform” rating and a $67.00 target price for the company. 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, the stock currently has an average rating of “Moderate Buy” and an average price target of $65.36.

Evergy Stock Up 1.2 %

EVRG stock opened at $68.06 on Friday. Evergy, Inc. has a 52-week low of $48.60 and a 52-week high of $68.38. The company’s 50 day simple moving average is $63.24 and its 200-day simple moving average is $61.85. 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 $15.65 billion, a P/E ratio of 18.39, a P/E/G ratio of 2.82 and a beta of 0.66.

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.