Empowered Funds LLC Has $239,000 Stake in Evergy, Inc. (NASDAQ:EVRG)

Empowered Funds LLC raised its stake in shares of Evergy, Inc. (NASDAQ:EVRG) by 6.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 3,890 shares of the company’s stock after buying an additional 238 shares during the period. Empowered Funds LLC’s holdings in Evergy were worth $239,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. HighTower Advisors LLC boosted its stake in Evergy by 391.1% during the 3rd quarter. HighTower Advisors LLC now owns 97,186 shares of the company’s stock valued at $6,030,000 after purchasing an additional 77,398 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of Evergy by 29.1% in the 3rd quarter. Bank of Montreal Can now owns 997,832 shares of the company’s stock worth $61,806,000 after buying an additional 224,679 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Evergy by 34.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 945,148 shares of the company’s stock worth $58,609,000 after buying an additional 239,599 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in shares of Evergy by 23.1% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 10,692 shares of the company’s stock worth $658,000 after buying an additional 2,004 shares during the last quarter. Finally, SG Americas Securities LLC boosted its stake in shares of Evergy by 15,406.4% in the 4th quarter. SG Americas Securities LLC now owns 921,546 shares of the company’s stock worth $56,721,000 after buying an additional 915,603 shares during the last quarter. Institutional investors and hedge funds own 87.24% of the company’s stock.

Evergy Trading Up 1.2 %

NASDAQ:EVRG opened at $68.06 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. The stock has a market capitalization of $15.65 billion, a PE ratio of 18.39, a price-to-earnings-growth ratio of 2.82 and a beta of 0.66. The firm’s 50 day moving average is $63.24 and its 200 day moving average is $61.85. Evergy, Inc. has a 12 month low of $48.60 and a 12 month high of $68.38.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Guggenheim upgraded Evergy from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. LADENBURG THALM/SH SH upgraded Evergy from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $59.00 to $68.50 in a research note on Thursday, January 2nd. Mizuho assumed coverage on Evergy in a research note on Tuesday, October 29th. They issued an “outperform” rating and a $67.00 target price on the stock. Finally, Barclays cut their target price on Evergy from $65.00 to $62.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $65.36.

About Evergy

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.