LSV Asset Management Sells 87,266 Shares of Evergy Inc. $EVRG

LSV Asset Management decreased its position in Evergy Inc. (NASDAQ:EVRG) by 33.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 170,000 shares of the company’s stock after selling 87,266 shares during the period. LSV Asset Management’s holdings in Evergy were worth $12,923,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC purchased a new position in Evergy in the fourth quarter worth about $257,000. United Services Automobile Association purchased a new stake in shares of Evergy during the first quarter valued at approximately $223,000. Empowered Funds LLC increased its position in shares of Evergy by 19.5% during the first quarter. Empowered Funds LLC now owns 4,648 shares of the company’s stock valued at $320,000 after acquiring an additional 758 shares in the last quarter. Woodline Partners LP raised its holdings in Evergy by 40.7% in the 1st quarter. Woodline Partners LP now owns 19,429 shares of the company’s stock worth $1,340,000 after acquiring an additional 5,618 shares during the last quarter. Finally, Focus Partners Wealth lifted its position in Evergy by 7.3% in the 1st quarter. Focus Partners Wealth now owns 13,791 shares of the company’s stock valued at $951,000 after acquiring an additional 939 shares in the last quarter. 87.24% of the stock is owned by hedge funds and other institutional investors.

Evergy Stock Performance

Shares of EVRG opened at $82.69 on Friday. The firm has a market capitalization of $19.04 billion, a P/E ratio of 22.65, a PEG ratio of 3.35 and a beta of 0.66. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.52 and a quick ratio of 0.30. Evergy Inc. has a one year low of $61.94 and a one year high of $82.73. The business has a fifty day moving average of $74.99 and a 200 day moving average of $74.75.

Wall Street Analysts Forecast Growth

Several analysts have commented on EVRG shares. Barclays increased their target price on Evergy from $80.00 to $82.00 and gave the company an “overweight” rating in a research note on Thursday, January 22nd. Citigroup upped their price target on Evergy from $79.00 to $89.00 and gave the company a “buy” rating in a report on Monday, November 10th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Evergy in a report on Monday, December 29th. Wells Fargo & Company boosted their target price on Evergy from $77.00 to $79.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 20th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $91.00 target price on shares of Evergy in a research note on Friday, January 23rd. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $84.25.

About Evergy

Evergy, Inc is a regulated electric utility that generates, transmits and distributes electricity to residential, commercial and industrial customers primarily across Kansas and western Missouri. The company provides core utility services including retail electric delivery, grid operations, customer service and outage restoration, operating under state regulatory frameworks. Evergy serves a mix of urban and rural communities, including portions of the Kansas City metropolitan area and other population centers in its service territory.

The company’s business activities span power generation, system planning, transmission and distribution infrastructure, and customer-facing programs such as energy efficiency and demand-side management.