Blue Trust Inc. Trims Holdings in Evergy, Inc. (NASDAQ:EVRG)

Blue Trust Inc. cut its stake in Evergy, Inc. (NASDAQ:EVRG) by 25.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,604 shares of the company’s stock after selling 544 shares during the quarter. Blue Trust Inc.’s holdings in Evergy were worth $99,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in EVRG. Pathway Financial Advisers LLC grew its position in shares of Evergy by 6,854.6% in the third quarter. Pathway Financial Advisers LLC now owns 2,539,001 shares of the company’s stock valued at $157,443,000 after purchasing an additional 2,502,493 shares in the last quarter. Mizuho Securities USA LLC grew its position in shares of Evergy by 7,234.3% in the third quarter. Mizuho Securities USA LLC now owns 1,300,000 shares of the company’s stock valued at $80,613,000 after purchasing an additional 1,282,275 shares in the last quarter. FMR LLC boosted its stake 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 during the period. SG Americas Securities LLC boosted 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 valued at $56,721,000 after buying an additional 915,603 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in Evergy by 42.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,135,011 shares of the company’s stock valued at $132,392,000 after buying an additional 634,735 shares during the period. 87.24% of the stock is currently owned by hedge funds and other institutional investors.

Evergy Trading Up 1.2 %

NASDAQ EVRG opened at $68.06 on Friday. Evergy, Inc. has a 1-year low of $48.60 and a 1-year 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 50-day moving average of $63.24 and a 200-day moving average of $61.87. The firm has a market cap 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.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Guggenheim raised Evergy from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Mizuho assumed coverage on Evergy in a research note on Tuesday, October 29th. They set an “outperform” rating and a $67.00 price objective for the company. LADENBURG THALM/SH SH raised Evergy from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $59.00 to $68.50 in a research note on Thursday, January 2nd. Finally, Barclays dropped their price objective on Evergy from $65.00 to $62.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.