Evergy, Inc. (NASDAQ:EVRG) Shares Bought by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Evergy, Inc. (NASDAQ:EVRG) by 4.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 539,263 shares of the company’s stock after acquiring an additional 23,957 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.23% of Evergy worth $33,192,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in EVRG. Truvestments Capital LLC acquired a new position in shares of Evergy during the 3rd quarter valued at $32,000. Sentry Investment Management LLC bought a new position in Evergy during the third quarter valued at about $51,000. USA Financial Formulas acquired a new position in Evergy during the fourth quarter worth about $73,000. Venturi Wealth Management LLC raised its position in Evergy by 230.0% in the third quarter. Venturi Wealth Management LLC now owns 1,386 shares of the company’s stock worth $86,000 after acquiring an additional 966 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Evergy by 33.6% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,427 shares of the company’s stock valued at $88,000 after acquiring an additional 359 shares during the last quarter. Institutional investors own 87.24% of the company’s stock.

Evergy Stock Up 0.6 %

NASDAQ:EVRG opened at $66.22 on Wednesday. Evergy, Inc. has a 1-year low of $48.17 and a 1-year high of $66.25. The firm has a market capitalization of $15.23 billion, a price-to-earnings ratio of 17.90, a PEG ratio of 2.75 and a beta of 0.66. 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 business’s fifty day moving average price is $62.53 and its 200 day moving average price is $61.42.

Analysts Set New Price Targets

A number of analysts recently commented on EVRG shares. Barclays dropped their target price on shares of Evergy from $65.00 to $62.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. Guggenheim upgraded Evergy from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Wells Fargo & Company lifted their target price on Evergy from $65.00 to $69.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. LADENBURG THALM/SH SH raised Evergy from a “neutral” rating to a “buy” rating and upped their target price for the company from $59.00 to $68.50 in a report on Thursday, January 2nd. Finally, Mizuho initiated coverage on Evergy in a research note on Tuesday, October 29th. They issued an “outperform” rating and a $67.00 price target on the stock. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.