Evergy, Inc. (NASDAQ:EVRG) Shares Purchased by Allianz Asset Management GmbH

Allianz Asset Management GmbH increased its position in shares of Evergy, Inc. (NASDAQ:EVRG) by 2.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 692,892 shares of the company’s stock after purchasing an additional 19,514 shares during the quarter. Allianz Asset Management GmbH owned 0.30% of Evergy worth $42,648,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of Jackson Hole Trust purchased a new position in Evergy during the fourth quarter worth $31,000. Truvestments Capital LLC purchased a new position in Evergy during the third quarter worth $32,000. Sentry Investment Management LLC purchased a new position in Evergy during the third quarter worth $51,000. USA Financial Formulas purchased a new position in Evergy during the fourth quarter worth $73,000. Finally, Venturi Wealth Management LLC increased its position 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 buying an additional 966 shares in the last quarter. 87.24% of the stock is owned by institutional investors and hedge funds.

Evergy Price Performance

Shares of NASDAQ EVRG opened at $68.06 on Friday. Evergy, Inc. has a 1-year low of $48.60 and a 1-year high of $68.38. The business has a 50-day moving average of $63.24 and a 200-day moving average of $61.87. 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 company has a market capitalization of $15.65 billion, a price-to-earnings ratio of 18.39, a PEG ratio of 2.82 and a beta of 0.66.

Wall Street Analyst Weigh In

EVRG has been the subject of several recent research reports. Mizuho initiated coverage on Evergy in a research report on Tuesday, October 29th. They set an “outperform” rating and a $67.00 price target for the company. Barclays dropped their target price on Evergy from $65.00 to $62.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. Guggenheim upgraded Evergy from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Finally, LADENBURG THALM/SH SH upgraded Evergy from a “neutral” rating to a “buy” rating and upped their target price for the company from $59.00 to $68.50 in a research note on Thursday, January 2nd. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Evergy has a consensus rating of “Moderate Buy” and an average 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.