Callan Capital LLC Invests $230,000 in Evergy, Inc. (NASDAQ:EVRG)

Callan Capital LLC purchased a new stake in Evergy, Inc. (NASDAQ:EVRG) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 3,733 shares of the company’s stock, valued at approximately $230,000.

Other institutional investors also recently bought and sold shares of the company. Franklin Resources Inc. lifted its position in shares of Evergy by 5.5% in the third quarter. Franklin Resources Inc. now owns 5,532,719 shares of the company’s stock valued at $330,469,000 after acquiring an additional 288,619 shares in the last quarter. Point72 Asset Management L.P. lifted its holdings in Evergy by 25.8% in the 3rd quarter. Point72 Asset Management L.P. now owns 2,848,735 shares of the company’s stock valued at $176,650,000 after purchasing an additional 583,923 shares in the last quarter. Pathway Financial Advisers LLC boosted its stake in Evergy by 6,854.6% during the 3rd quarter. Pathway Financial Advisers LLC now owns 2,539,001 shares of the company’s stock worth $157,443,000 after purchasing an additional 2,502,493 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Evergy by 42.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,135,011 shares of the company’s stock worth $132,392,000 after buying an additional 634,735 shares in the last quarter. Finally, FMR LLC raised its position in shares of Evergy by 131.4% in the third quarter. FMR LLC now owns 2,004,414 shares of the company’s stock valued at $124,294,000 after buying an additional 1,138,138 shares during the last quarter. 87.24% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Evergy Stock Up 1.2 %

Shares of NASDAQ EVRG opened at $68.06 on Monday. Evergy, Inc. has a 52-week low of $48.60 and a 52-week high of $68.38. The business’s 50 day moving average is $63.24 and its two-hundred day moving average is $61.89. The firm has a market cap of $15.65 billion, a price-to-earnings ratio of 18.39, a PEG ratio of 2.82 and a beta of 0.66. The company has a quick ratio of 0.32, a current ratio of 0.55 and a debt-to-equity ratio of 1.15.

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.