Rhumbline Advisers Cuts Stock Position in Evergy, Inc. (NASDAQ:EVRG)

Rhumbline Advisers lessened its holdings in Evergy, Inc. (NASDAQ:EVRG) by 2.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 363,155 shares of the company’s stock after selling 10,460 shares during the period. Rhumbline Advisers’ holdings in Evergy were worth $22,352,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. HighTower Advisors LLC increased its stake in Evergy by 391.1% in the 3rd quarter. HighTower Advisors LLC now owns 97,186 shares of the company’s stock worth $6,030,000 after buying an additional 77,398 shares in the last quarter. Bank of Montreal Can grew its position in shares of Evergy by 29.1% during the third quarter. Bank of Montreal Can now owns 997,832 shares of the company’s stock valued at $61,806,000 after purchasing an additional 224,679 shares in the last quarter. BNP Paribas Financial Markets grew its position in shares of Evergy by 34.0% during the third quarter. BNP Paribas Financial Markets now owns 945,148 shares of the company’s stock valued at $58,609,000 after purchasing an additional 239,599 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its position in shares of Evergy by 23.1% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 10,692 shares of the company’s stock valued at $658,000 after purchasing an additional 2,004 shares in the last quarter. Finally, SG Americas Securities LLC grew its position in shares of Evergy by 15,406.4% during the fourth quarter. SG Americas Securities LLC now owns 921,546 shares of the company’s stock valued at $56,721,000 after purchasing an additional 915,603 shares in the last quarter. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Evergy Stock Down 0.0 %

Shares of NASDAQ:EVRG opened at $67.25 on Friday. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15. Evergy, Inc. has a 12 month low of $48.60 and a 12 month high of $67.89. The company has a 50-day moving average price of $63.11 and a 200 day moving average price of $61.78. The company has a market cap of $15.47 billion, a price-to-earnings ratio of 18.18, a PEG ratio of 2.81 and a beta of 0.66.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Mizuho assumed coverage on Evergy in a research report on Tuesday, October 29th. They set an “outperform” rating and a $67.00 price objective for the company. Barclays cut their price objective on Evergy from $65.00 to $62.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. LADENBURG THALM/SH SH upgraded Evergy from a “neutral” rating to a “buy” rating and raised their price objective for the company from $59.00 to $68.50 in a research report on Thursday, January 2nd. Finally, Guggenheim upgraded Evergy from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Evergy currently has an average rating of “Moderate Buy” and an average target price 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.