Evergy, Inc. (NASDAQ:EVRG) Shares Sold by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC reduced its position in shares of Evergy, Inc. (NASDAQ:EVRG) by 3.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 127,697 shares of the company’s stock after selling 4,381 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Evergy were worth $7,859,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. National Pension Service acquired a new stake in Evergy during the fourth quarter worth approximately $30,000. Bank of Jackson Hole Trust purchased a new position in shares of Evergy during the 4th quarter worth $31,000. Truvestments Capital LLC acquired a new stake in shares of Evergy during the third quarter worth $32,000. Sentry Investment Management LLC purchased a new stake in shares of Evergy in the third quarter valued at $51,000. Finally, USA Financial Formulas purchased a new stake in shares of Evergy in the fourth quarter valued at $73,000. 87.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Guggenheim raised Evergy from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Barclays lowered their target price 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. LADENBURG THALM/SH SH raised shares of 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 note on Thursday, January 2nd. Finally, Mizuho started coverage on shares of Evergy in a report on Tuesday, October 29th. They issued an “outperform” rating and a $67.00 price target on the stock. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $65.36.

Evergy Stock Performance

NASDAQ:EVRG opened at $68.81 on Wednesday. Evergy, Inc. has a twelve month low of $48.60 and a twelve month high of $69.06. The firm has a market capitalization of $15.82 billion, a price-to-earnings ratio of 18.60, a PEG 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. The firm’s fifty day simple moving average is $63.52 and its 200 day simple moving average is $62.03.

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.