Bryn Mawr Capital Management LLC Sells 103,699 Shares of Evergy, Inc. (NASDAQ:EVRG)

Bryn Mawr Capital Management LLC trimmed its position in shares of Evergy, Inc. (NASDAQ:EVRG) by 78.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,379 shares of the company’s stock after selling 103,699 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Evergy were worth $1,747,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of EVRG. Bank of Jackson Hole Trust bought a new stake in Evergy during the fourth quarter valued at about $31,000. Truvestments Capital LLC purchased a new stake in shares of Evergy during the third quarter worth about $32,000. Sentry Investment Management LLC bought a new stake in Evergy during the 3rd quarter valued at approximately $51,000. USA Financial Formulas purchased a new position in Evergy in the 4th quarter worth approximately $73,000. Finally, Venturi Wealth Management LLC boosted its stake in Evergy by 230.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,386 shares of the company’s stock worth $86,000 after purchasing an additional 966 shares during the period. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Evergy Stock Performance

Shares of NASDAQ:EVRG opened at $67.25 on Friday. The firm has a fifty day simple moving average of $63.11 and a two-hundred day simple moving average of $61.78. The company has a quick ratio of 0.32, a current ratio of 0.55 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $15.47 billion, a P/E ratio of 18.18, a PEG ratio of 2.81 and a beta of 0.66. Evergy, Inc. has a 52 week low of $48.60 and a 52 week high of $67.89.

Analysts Set New Price Targets

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

Evergy Company 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.