The portfolio of Sonora Investment Management Group LLC includes $12.32 million worth of stock in Evergy, Inc. (NASDAQ:EVRG). Barclays, however, has sliced Evergy's (NASDAQ:EVRG) price target from $65.00 to $62.00. There's looming caution about the return trends of Evergy (NASDAQ:EVRG), which are deemed not appealing. Still, notable billionaire Steve Cohen appears to consider Evergy, Inc. (EVRG) amongst his top stock picks, suggesting a potential for substantial profits. Meanwhile, various firms such as Pacer Advisors Inc., Merit Financial Group LLC, and Apexium Financial LP are exercising different investment strategies involving the Evergy stocks. Surprisingly, Evergy exceeded Q3 earnings and revenue forecasts. The company's performance has instigated an increase in shares acquisition from different investment groups. The firm's stock position received an uplift by SG Americas Securities LLC following a purchase of 11,048 Evergy Inc. (NASDAQ:EVRG) shares by Davis Capital Management. Despite Evergy's utility status and its reduced target price, the firm made significant movements in its leadership structure, revealed plans to commission two new 705 MW high-efficiency natural gas plants, and has shown improved Q3 reports as alluded to by Jim Cramer. However, the investments aren't free of risks, such as market underperformance and fluctuating stock prices. With a newly appointed CFO, the firm aims towards future growth while managing insider selling.
Evergy EVRG News Analytics from Wed, 01 May 2024 07:00:00 GMT to Sat, 01 Feb 2025 13:00:41 GMT - Rating 2 - Innovation -3 - Information 6 - Rumor -5
