Kentucky Trust Co Acquires Shares of 4,609 Evergy, Inc. (NASDAQ:EVRG)

Kentucky Trust Co purchased a new stake in shares of Evergy, Inc. (NASDAQ:EVRG) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 4,609 shares of the company’s stock, valued at approximately $284,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Miller Howard Investments Inc. NY lifted its holdings in Evergy by 1.4% in the fourth quarter. Miller Howard Investments Inc. NY now owns 11,741 shares of the company’s stock valued at $723,000 after acquiring an additional 162 shares during the period. Quent Capital LLC boosted its holdings in shares of Evergy by 4.6% in the fourth quarter. Quent Capital LLC now owns 3,692 shares of the company’s stock worth $227,000 after buying an additional 163 shares during the last quarter. Sunbelt Securities Inc. grew its position in Evergy by 2.2% during the third quarter. Sunbelt Securities Inc. now owns 7,778 shares of the company’s stock valued at $482,000 after buying an additional 168 shares during the period. Empirical Finance LLC increased its holdings in Evergy by 2.3% during the third quarter. Empirical Finance LLC now owns 7,751 shares of the company’s stock valued at $481,000 after buying an additional 171 shares during the last quarter. Finally, Mather Group LLC. increased its holdings in Evergy by 5.7% during the fourth quarter. Mather Group LLC. now owns 3,231 shares of the company’s stock valued at $199,000 after buying an additional 173 shares during the last quarter. Institutional investors own 87.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on EVRG. Guggenheim upgraded shares of Evergy from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Mizuho initiated coverage on Evergy in a research report on Tuesday, October 29th. They set an “outperform” rating and a $67.00 target price on the stock. Wells Fargo & Company upped their price target on Evergy from $65.00 to $69.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. LADENBURG THALM/SH SH raised Evergy from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $59.00 to $68.50 in a research report on Thursday, January 2nd. Finally, Barclays reduced their target price 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. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $65.36.

Evergy Stock Performance

Shares of NASDAQ EVRG opened at $66.22 on Wednesday. The company has a market cap of $15.23 billion, a P/E ratio of 17.90, a P/E/G ratio of 2.75 and a beta of 0.66. The firm’s fifty day moving average is $62.53 and its two-hundred day moving average is $61.42. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.55. Evergy, Inc. has a 52-week low of $48.17 and a 52-week high of $66.25.

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.