Sanctuary Advisors LLC Increases Stake in Evergy, Inc. (NASDAQ:EVRG)

Sanctuary Advisors LLC increased its position in shares of Evergy, Inc. (NASDAQ:EVRG) by 5.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 25,266 shares of the company’s stock after purchasing an additional 1,324 shares during the period. Sanctuary Advisors LLC’s holdings in Evergy were worth $1,623,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Truvestments Capital LLC purchased a new stake in Evergy in the third quarter worth $32,000. Sentry Investment Management LLC bought a new position in shares of Evergy in the third quarter worth about $51,000. USA Financial Formulas purchased a new position in Evergy in the 4th quarter worth about $73,000. Venturi Wealth Management LLC lifted its holdings in 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 in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its position 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 buying an additional 359 shares during the period. 87.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Guggenheim raised shares of Evergy from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Mizuho initiated coverage on Evergy in a report on Tuesday, October 29th. They set an “outperform” rating and a $67.00 price objective on the stock. 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. Finally, LADENBURG THALM/SH SH raised Evergy from a “neutral” rating to a “buy” rating and increased their price target for the stock from $59.00 to $68.50 in a research report on Thursday, January 2nd. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $65.36.

Evergy Trading Up 0.5 %

Shares of NASDAQ:EVRG opened at $68.39 on Tuesday. The company has a market capitalization of $15.73 billion, a PE ratio of 18.48, a P/E/G ratio of 2.82 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. Evergy, Inc. has a 12-month low of $48.60 and a 12-month high of $68.81. The business’s fifty day simple moving average is $63.38 and its 200-day simple moving average is $61.96.

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.