Pathway Financial Advisers LLC Lowers Stake in Evergy, Inc. (NASDAQ:EVRG)

Pathway Financial Advisers LLC cut its position in shares of Evergy, Inc. (NASDAQ:EVRG) by 98.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 42,868 shares of the company’s stock after selling 2,496,133 shares during the period. Pathway Financial Advisers LLC’s holdings in Evergy were worth $2,638,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Mizuho Securities USA LLC grew its holdings in shares of Evergy by 7,234.3% during the 3rd quarter. Mizuho Securities USA LLC now owns 1,300,000 shares of the company’s stock worth $80,613,000 after purchasing an additional 1,282,275 shares during the period. FMR LLC lifted its position in Evergy by 131.4% during the third quarter. FMR LLC now owns 2,004,414 shares of the company’s stock valued at $124,294,000 after buying an additional 1,138,138 shares in the last quarter. SG Americas Securities LLC grew its stake in Evergy by 15,406.4% during the fourth 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 period. Assenagon Asset Management S.A. increased its position in shares of Evergy by 2,628.1% in the third quarter. Assenagon Asset Management S.A. now owns 725,367 shares of the company’s stock worth $44,980,000 after acquiring an additional 698,778 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Evergy by 42.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,135,011 shares of the company’s stock valued at $132,392,000 after acquiring an additional 634,735 shares during the period. 87.24% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on EVRG. LADENBURG THALM/SH SH raised shares of Evergy from a “neutral” rating to a “buy” rating and upped their price target for the stock from $59.00 to $68.50 in a research report on Thursday, January 2nd. Barclays decreased their target price on Evergy from $65.00 to $62.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. Mizuho started coverage on Evergy in a 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 report on Wednesday, October 16th. Finally, Guggenheim raised shares of 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. Based on data from MarketBeat.com, Evergy presently has an average rating of “Moderate Buy” and a consensus target price of $65.36.

Evergy Price Performance

Shares of NASDAQ EVRG opened at $66.43 on Thursday. The business has a 50 day moving average price of $62.59 and a two-hundred day moving average price of $61.45. Evergy, Inc. has a fifty-two week low of $48.17 and a fifty-two week high of $66.53. The firm has a market cap of $15.28 billion, a PE ratio of 17.95, a price-to-earnings-growth ratio of 2.75 and a beta of 0.66. The company has a quick ratio of 0.32, a current ratio of 0.55 and a debt-to-equity ratio of 1.15.

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.