CIBC Asset Management Inc Acquires 94,976 Shares of Evergy, Inc. (NASDAQ:EVRG)

CIBC Asset Management Inc lifted its position in Evergy, Inc. (NASDAQ:EVRG) by 242.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 134,115 shares of the company’s stock after purchasing an additional 94,976 shares during the period. CIBC Asset Management Inc owned about 0.06% of Evergy worth $8,255,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. HighTower Advisors LLC raised its stake in Evergy by 391.1% in the third quarter. HighTower Advisors LLC now owns 97,186 shares of the company’s stock worth $6,030,000 after buying an additional 77,398 shares in the last quarter. Bank of Montreal Can raised its holdings in Evergy by 29.1% in the third quarter. Bank of Montreal Can now owns 997,832 shares of the company’s stock worth $61,806,000 after buying an additional 224,679 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in Evergy by 34.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 945,148 shares of the company’s stock worth $58,609,000 after acquiring an additional 239,599 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in shares of Evergy by 23.1% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 10,692 shares of the company’s stock worth $658,000 after purchasing an additional 2,004 shares during the last quarter. Finally, SG Americas Securities LLC lifted its holdings in shares of Evergy by 15,406.4% during the fourth quarter. SG Americas Securities LLC now owns 921,546 shares of the company’s stock valued at $56,721,000 after purchasing an additional 915,603 shares in the last quarter. 87.24% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on EVRG. Guggenheim raised Evergy from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Mizuho assumed 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. Barclays dropped their target price on shares of Evergy from $65.00 to $62.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. Finally, LADENBURG THALM/SH SH raised Evergy from a “neutral” rating to a “buy” rating and increased their price target for the company from $59.00 to $68.50 in a report on Thursday, January 2nd. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Evergy has an average rating of “Moderate Buy” and an average target price of $65.36.

Evergy Stock Up 0.3 %

EVRG opened at $67.26 on Thursday. The firm’s 50 day simple moving average is $63.01 and its two-hundred day simple moving average is $61.74. The company has a market capitalization of $15.47 billion, a PE ratio of 18.18, a PEG ratio of 2.80 and a beta of 0.66. Evergy, Inc. has a 1-year low of $48.60 and a 1-year high of $67.89. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15.

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.