Summit Trail Advisors LLC Boosts Holdings in Evergy, Inc. (NASDAQ:EVRG)

Summit Trail Advisors LLC increased its holdings in shares of Evergy, Inc. (NASDAQ:EVRG) by 46.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,915 shares of the company’s stock after buying an additional 2,195 shares during the period. Summit Trail Advisors LLC’s holdings in Evergy were worth $426,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Truvestments Capital LLC acquired a new position in shares of Evergy in the third quarter worth $32,000. Sentry Investment Management LLC purchased a new position in Evergy in the third quarter valued at $51,000. USA Financial Formulas acquired a new position in Evergy during the 4th quarter worth $73,000. Venturi Wealth Management LLC increased its holdings in Evergy by 230.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,386 shares of the company’s stock worth $86,000 after purchasing an additional 966 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position in Evergy by 33.6% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,427 shares of the company’s stock valued at $88,000 after purchasing an additional 359 shares in the last quarter. 87.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Guggenheim upgraded Evergy from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Mizuho began coverage on shares of Evergy in a research note on Tuesday, October 29th. They issued an “outperform” rating and a $67.00 price target for the company. Barclays dropped their price objective on shares of Evergy from $65.00 to $62.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. LADENBURG THALM/SH SH raised shares of Evergy from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $59.00 to $68.50 in a research report on Thursday, January 2nd. Finally, Wells Fargo & Company boosted their target price on shares of Evergy from $65.00 to $69.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Evergy currently has a consensus rating of “Moderate Buy” and a consensus target price of $65.36.

Evergy Stock Up 0.6 %

Shares of NASDAQ:EVRG opened at $66.22 on Wednesday. The firm has a 50 day simple moving average of $62.53 and a 200-day simple moving average of $61.42. Evergy, Inc. has a twelve month low of $48.17 and a twelve month high of $66.25. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15. The company has a market capitalization of $15.23 billion, a PE ratio of 17.90, a P/E/G ratio of 2.75 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.