Evergy, Inc. (NASDAQ:EVRG) Stock Holdings Decreased by ING Groep NV

ING Groep NV lowered its stake in Evergy, Inc. (NASDAQ:EVRG) by 53.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 159,873 shares of the company’s stock after selling 185,482 shares during the period. ING Groep NV owned 0.07% of Evergy worth $9,840,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of EVRG. Bank of Jackson Hole Trust bought a new stake in shares of Evergy in the 4th quarter worth about $31,000. Truvestments Capital LLC bought a new stake in shares of Evergy during the 3rd quarter valued at about $32,000. Sentry Investment Management LLC bought a new stake in shares of Evergy during the 3rd quarter valued at about $51,000. USA Financial Formulas bought a new stake in shares of Evergy during the 4th quarter valued at about $73,000. Finally, Venturi Wealth Management LLC grew its position in shares of Evergy by 230.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,386 shares of the company’s stock valued at $86,000 after buying an additional 966 shares during the last quarter. Institutional investors own 87.24% of the company’s stock.

Analysts Set New Price Targets

EVRG has been the subject of a number of recent research reports. Barclays lowered their price objective on shares of Evergy from $65.00 to $62.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. Mizuho initiated coverage on shares of Evergy in a research report on Tuesday, October 29th. They set an “outperform” rating and a $67.00 price objective for the company. LADENBURG THALM/SH SH raised shares of Evergy from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $59.00 to $68.50 in a research report on Thursday, January 2nd. Finally, Guggenheim upgraded shares of Evergy from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. One equities research 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $65.36.

Evergy Price Performance

NASDAQ EVRG opened at $68.06 on Friday. Evergy, Inc. has a 52 week low of $48.60 and a 52 week high of $68.38. 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 cap of $15.65 billion, a price-to-earnings ratio of 18.39, a price-to-earnings-growth ratio of 2.82 and a beta of 0.66. The company has a 50-day moving average price of $63.24 and a two-hundred day moving average price of $61.85.

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.