Strs Ohio Sells 39,382 Shares of Evergy Inc. $EVRG

Strs Ohio trimmed its stake in shares of Evergy Inc. (NASDAQ:EVRG) by 87.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,504 shares of the company’s stock after selling 39,382 shares during the quarter. Strs Ohio’s holdings in Evergy were worth $418,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Royal Bank Of Canada restated an “outperform” rating and set a $91.00 price target on shares of Evergy in a report on Friday, January 23rd. Citigroup upped their target price on Evergy from $79.00 to $89.00 and gave the company a “buy” rating in a report on Monday, November 10th. Barclays lifted their price target on shares of Evergy from $80.00 to $82.00 and gave the company an “overweight” rating in a report on Thursday, January 22nd. Weiss Ratings reissued a “buy (b-)” rating on shares of Evergy in a research report on Monday, December 29th. Finally, UBS Group raised their target price on shares of Evergy from $81.00 to $83.00 and gave the stock a “buy” rating in a research report on Wednesday, December 17th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $83.63.

Evergy Stock Up 0.5%

NASDAQ:EVRG opened at $76.73 on Friday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.52 and a quick ratio of 0.30. The firm’s 50-day moving average price is $74.45 and its 200-day moving average price is $74.10. The company has a market capitalization of $17.66 billion, a PE ratio of 21.02, a P/E/G ratio of 3.08 and a beta of 0.67. Evergy Inc. has a 1-year low of $61.94 and a 1-year high of $79.32.

Evergy (NASDAQ:EVRG) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $2.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.11). The business had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $2.24 billion. Evergy had a net margin of 14.45% and a return on equity of 8.66%. The company’s revenue was down .1% on a year-over-year basis. During the same period last year, the business earned $2.02 earnings per share. On average, equities analysts predict that Evergy Inc. will post 3.83 EPS for the current fiscal year.

Evergy Company Profile

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.