Pathway Financial Advisers LLC Decreases Stake in Evergy, Inc. (NASDAQ:EVRG)

Pathway Financial Advisers LLC lessened its stake in Evergy, Inc. (NASDAQ:EVRG) by 98.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,868 shares of the company’s stock after selling 2,496,133 shares during the quarter. Pathway Financial Advisers LLC’s holdings in Evergy were worth $2,638,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Truvestments Capital LLC acquired a new stake in Evergy in the third quarter valued at $32,000. Sentry Investment Management LLC acquired a new stake in Evergy in the 3rd quarter valued at about $51,000. USA Financial Formulas purchased a new position in Evergy during the 4th quarter valued at about $73,000. Venturi Wealth Management LLC raised its position in Evergy by 230.0% during the third quarter. Venturi Wealth Management LLC now owns 1,386 shares of the company’s stock worth $86,000 after acquiring an additional 966 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position in 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 acquiring an additional 359 shares during the last quarter. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on EVRG shares. 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 research note on Monday, January 27th. Guggenheim upgraded Evergy from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Mizuho began coverage on Evergy in a report on Tuesday, October 29th. They issued an “outperform” rating and a $67.00 price target for the company. LADENBURG THALM/SH SH raised Evergy from a “neutral” rating to a “buy” rating and increased their price objective for the company from $59.00 to $68.50 in a research note on Thursday, January 2nd. Finally, Wells Fargo & Company boosted their target price on shares of Evergy from $65.00 to $69.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Evergy presently has an average rating of “Moderate Buy” and an average price target of $65.36.

Evergy Price Performance

EVRG opened at $66.43 on Thursday. Evergy, Inc. has a 1 year low of $48.17 and a 1 year high of $66.53. The company’s 50 day simple moving average is $62.59 and its 200 day simple moving average is $61.45. The stock has a market capitalization of $15.28 billion, a PE ratio of 17.95, 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 quick ratio of 0.32 and a current ratio of 0.55.

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.