Howard Capital Management Inc. Has $4.12 Million Stock Holdings in Evergy, Inc. (NASDAQ:EVRG)

Howard Capital Management Inc. raised its stake in Evergy, Inc. (NASDAQ:EVRG) by 1.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 66,858 shares of the company’s stock after buying an additional 724 shares during the quarter. Howard Capital Management Inc.’s holdings in Evergy were worth $4,115,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Franklin Resources Inc. grew its position in shares of Evergy by 5.5% in the 3rd quarter. Franklin Resources Inc. now owns 5,532,719 shares of the company’s stock valued at $330,469,000 after buying an additional 288,619 shares during the last quarter. Point72 Asset Management L.P. grew its position in shares of 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 buying an additional 583,923 shares during the last quarter. Pathway Financial Advisers LLC boosted its position in shares of Evergy by 6,854.6% during the 3rd quarter. Pathway Financial Advisers LLC now owns 2,539,001 shares of the company’s stock valued at $157,443,000 after purchasing an additional 2,502,493 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Evergy by 42.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,135,011 shares of the company’s stock valued at $132,392,000 after purchasing an additional 634,735 shares in the last quarter. Finally, FMR LLC boosted its position in shares of Evergy by 131.4% during the 3rd quarter. FMR LLC now owns 2,004,414 shares of the company’s stock valued at $124,294,000 after purchasing an additional 1,138,138 shares in the last quarter. Institutional investors and hedge funds own 87.24% of the company’s stock.

Analyst Upgrades and Downgrades

EVRG has been the topic of several research analyst reports. Guggenheim upgraded Evergy from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Barclays cut their target price on Evergy from $65.00 to $62.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. Mizuho assumed coverage on Evergy in a research report on Tuesday, October 29th. They set an “outperform” rating and a $67.00 target price on the stock. Finally, LADENBURG THALM/SH SH upgraded 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 report on Thursday, January 2nd. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $65.36.

Evergy Stock Performance

Shares of EVRG opened at $68.06 on Friday. The stock has a 50 day moving average of $63.24 and a 200 day moving average of $61.87. Evergy, Inc. has a 12 month low of $48.60 and a 12 month high of $68.38. The company has a market capitalization 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 current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15.

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.