Naples Global Advisors LLC Reduces Position in Evergy, Inc. (NASDAQ:EVRG)

Naples Global Advisors LLC decreased its position in shares of Evergy, Inc. (NASDAQ:EVRG) by 3.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,613 shares of the company’s stock after selling 175 shares during the period. Naples Global Advisors LLC’s holdings in Evergy were worth $345,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Truvestments Capital LLC acquired a new position in shares of Evergy in the 3rd quarter valued at $32,000. Sentry Investment Management LLC purchased a new position in Evergy during the 3rd quarter worth $51,000. USA Financial Formulas acquired a new position in Evergy in the fourth quarter valued at $73,000. Venturi Wealth Management LLC raised its holdings in shares of Evergy by 230.0% in the third 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 during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Evergy by 33.6% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,427 shares of the company’s stock worth $88,000 after buying an additional 359 shares during the period. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Evergy Trading Up 0.7 %

Shares of EVRG stock opened at $66.89 on Friday. The business’s fifty day moving average price is $62.66 and its 200 day moving average price is $61.49. The firm has a market capitalization of $15.38 billion, a PE ratio of 18.08, a P/E/G ratio of 2.75 and a beta of 0.66. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.55 and a quick ratio of 0.32. Evergy, Inc. has a 1-year low of $48.60 and a 1-year high of $67.06.

Analysts Set New Price Targets

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