Empower Advisory Group LLC Increases Stock Holdings in Evergy, Inc. (NASDAQ:EVRG)

Empower Advisory Group LLC boosted its stake in Evergy, Inc. (NASDAQ:EVRG) by 4.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,192,964 shares of the company’s stock after acquiring an additional 45,439 shares during the quarter. Empower Advisory Group LLC owned about 0.52% of Evergy worth $73,427,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of EVRG. Franklin Resources Inc. boosted its stake in shares of Evergy by 5.5% in the third quarter. Franklin Resources Inc. now owns 5,532,719 shares of the company’s stock valued at $330,469,000 after purchasing an additional 288,619 shares during the period. Point72 Asset Management L.P. boosted its position in Evergy by 25.8% in the 3rd quarter. Point72 Asset Management L.P. now owns 2,848,735 shares of the company’s stock valued at $176,650,000 after buying an additional 583,923 shares during the last quarter. Pathway Financial Advisers LLC grew its stake in shares of Evergy by 6,854.6% during the third quarter. Pathway Financial Advisers LLC now owns 2,539,001 shares of the company’s stock valued at $157,443,000 after acquiring an additional 2,502,493 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Evergy by 42.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,135,011 shares of the company’s stock worth $132,392,000 after acquiring an additional 634,735 shares during the last quarter. Finally, FMR LLC lifted its stake in shares of Evergy by 131.4% in the third quarter. FMR LLC now owns 2,004,414 shares of the company’s stock worth $124,294,000 after acquiring an additional 1,138,138 shares in the last quarter. Institutional investors and hedge funds own 87.24% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on EVRG. Mizuho initiated coverage on Evergy in a research note on Tuesday, October 29th. They set an “outperform” rating and a $67.00 target price for the company. Guggenheim upgraded shares of Evergy from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. LADENBURG THALM/SH SH upgraded Evergy from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $59.00 to $68.50 in a research note on Thursday, January 2nd. Finally, Barclays cut their price objective on Evergy from $65.00 to $62.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $65.36.

Evergy Stock Down 0.3 %

NASDAQ:EVRG opened at $66.66 on Tuesday. 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 $62.82 and a 200-day moving average of $61.66. The firm has a market capitalization of $15.33 billion, a PE ratio of 18.02, a price-to-earnings-growth 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.

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.