Chevy Chase Trust Holdings LLC Sells 2,611 Shares of Evergy, Inc. (NASDAQ:EVRG)

Chevy Chase Trust Holdings LLC reduced its position in Evergy, Inc. (NASDAQ:EVRG) by 2.1% during the fourth quarter, HoldingsChannel reports. The firm owned 120,682 shares of the company’s stock after selling 2,611 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in Evergy were worth $7,428,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of EVRG. Creative Planning lifted its stake in Evergy by 0.7% in the third quarter. Creative Planning now owns 123,594 shares of the company’s stock valued at $7,664,000 after buying an additional 812 shares during the period. Bleakley Financial Group LLC bought a new position in Evergy during the third quarter worth $207,000. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Evergy by 12.5% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 49,017 shares of the company’s stock worth $3,040,000 after purchasing an additional 5,441 shares during the period. Blue Trust Inc. raised its holdings in shares of Evergy by 44.8% during the third quarter. Blue Trust Inc. now owns 2,148 shares of the company’s stock valued at $133,000 after purchasing an additional 665 shares during the period. Finally, Eastern Bank bought a new position in shares of Evergy during the 3rd quarter worth about $246,000. 87.24% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EVRG has been the topic of a number of research reports. Mizuho began coverage on Evergy in a research note on Tuesday, October 29th. They set an “outperform” rating and a $67.00 price target on the stock. Guggenheim raised shares of Evergy from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. LADENBURG THALM/SH SH upgraded shares of Evergy from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $59.00 to $68.50 in a report on Thursday, January 2nd. Finally, Barclays reduced their price objective on shares of Evergy from $65.00 to $62.00 and set an “overweight” rating for the company in a report on Monday, January 27th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $65.36.

Evergy Trading Down 0.3 %

Shares of EVRG stock opened at $66.66 on Tuesday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.55. The company has a market capitalization of $15.33 billion, a price-to-earnings ratio of 18.02, a PEG ratio of 2.75 and a beta of 0.66. Evergy, Inc. has a 52-week low of $48.60 and a 52-week high of $67.89. The company has a 50-day simple moving average of $62.82 and a two-hundred day simple moving average of $61.66.

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.