Turning Point Benefit Group Inc. Acquires New Holdings in Evergy, Inc. (NASDAQ:EVRG)

Turning Point Benefit Group Inc. acquired a new stake in shares of Evergy, Inc. (NASDAQ:EVRG) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 7,985 shares of the company’s stock, valued at approximately $484,000.

A number of other hedge funds and other institutional investors have also modified their holdings of EVRG. Bleakley Financial Group LLC acquired a new position in Evergy during the third quarter worth about $207,000. Blue Trust Inc. grew its holdings in Evergy by 44.8% during the third quarter. Blue Trust Inc. now owns 2,148 shares of the company’s stock worth $133,000 after acquiring an additional 665 shares during the period. Eastern Bank acquired a new position in Evergy during the third quarter worth about $246,000. Private Advisor Group LLC grew its holdings in Evergy by 3.6% during the third quarter. Private Advisor Group LLC now owns 14,001 shares of the company’s stock worth $868,000 after acquiring an additional 481 shares during the period. Finally, Greenleaf Trust acquired a new position in Evergy during the third quarter worth about $214,000. 87.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Mizuho assumed coverage on Evergy in a report on Tuesday, October 29th. They set an “outperform” rating and a $67.00 target price on the stock. Barclays lowered their target price on Evergy from $65.00 to $62.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. LADENBURG THALM/SH SH raised Evergy from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $59.00 to $68.50 in a research note on Thursday, January 2nd. Finally, Guggenheim raised Evergy from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $65.36.

Evergy Trading Up 1.2 %

Shares of EVRG opened at $68.06 on Friday. The business’s 50-day moving average price is $63.24 and its 200 day moving average price is $61.85. The stock has a market capitalization of $15.65 billion, a P/E ratio of 18.39, a P/E/G ratio of 2.82 and a beta of 0.66. Evergy, Inc. has a 1-year low of $48.60 and a 1-year high of $68.38. 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 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.