Evergy, Inc. (NASDAQ:EVRG) Shares Purchased by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC boosted its holdings in Evergy, Inc. (NASDAQ:EVRG) by 3.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,135 shares of the company’s stock after purchasing an additional 315 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Evergy were worth $562,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in EVRG. Pathway Financial Advisers LLC increased its stake in Evergy by 6,854.6% during the third quarter. Pathway Financial Advisers LLC now owns 2,539,001 shares of the company’s stock worth $157,443,000 after acquiring an additional 2,502,493 shares during the last quarter. Mizuho Securities USA LLC increased its stake in Evergy by 7,234.3% during the third quarter. Mizuho Securities USA LLC now owns 1,300,000 shares of the company’s stock worth $80,613,000 after acquiring an additional 1,282,275 shares during the last quarter. FMR LLC increased its stake in Evergy by 131.4% during the third quarter. FMR LLC now owns 2,004,414 shares of the company’s stock worth $124,294,000 after acquiring an additional 1,138,138 shares during the last quarter. SG Americas Securities LLC increased its stake in Evergy by 15,406.4% during the fourth quarter. SG Americas Securities LLC now owns 921,546 shares of the company’s stock worth $56,721,000 after acquiring an additional 915,603 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Evergy by 42.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,135,011 shares of the company’s stock worth $132,392,000 after acquiring an additional 634,735 shares during the last quarter. 87.24% of the stock is currently owned by institutional investors and hedge funds.

Evergy Price Performance

Shares of NASDAQ EVRG opened at $68.39 on Tuesday. Evergy, Inc. has a 1-year low of $48.60 and a 1-year high of $68.81. The business has a 50-day moving average of $63.38 and a 200-day moving average of $61.96. 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 $15.73 billion, a price-to-earnings ratio of 18.48, a PEG ratio of 2.82 and a beta of 0.66.

Analysts Set New Price Targets

Several brokerages have commented on EVRG. Mizuho began coverage on Evergy in a research note on Tuesday, October 29th. They set an “outperform” rating and a $67.00 price target for the company. Guggenheim upgraded Evergy from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Barclays dropped their price target on Evergy from $65.00 to $62.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. Finally, LADENBURG THALM/SH SH raised Evergy from a “neutral” rating to a “buy” rating and upped their target price for the stock from $59.00 to $68.50 in a research report on Thursday, January 2nd. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Evergy currently has an average rating of “Moderate Buy” and a consensus target price of $65.36.

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.