Jones Financial Companies Lllp Boosts Stock Position in Evergy Inc. $EVRG

Jones Financial Companies Lllp increased its position in Evergy Inc. (NASDAQ:EVRG) by 24.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 180,425 shares of the company’s stock after acquiring an additional 35,441 shares during the quarter. Jones Financial Companies Lllp owned about 0.08% of Evergy worth $13,370,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. AlphaCore Capital LLC bought a new stake in shares of Evergy during the 2nd quarter valued at $33,000. CYBER HORNET ETFs LLC purchased a new stake in Evergy in the 2nd quarter worth $42,000. Root Financial Partners LLC purchased a new stake in Evergy in the 3rd quarter worth $44,000. MUFG Securities EMEA plc bought a new stake in Evergy during the second quarter valued at about $47,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in Evergy during the second quarter valued at about $48,000. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on EVRG. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Evergy in a research note on Monday, December 29th. Royal Bank Of Canada restated an “outperform” rating and issued a $91.00 price target on shares of Evergy in a research note on Friday, January 23rd. Wells Fargo & Company lifted their price objective on shares of Evergy from $77.00 to $79.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 20th. Wall Street Zen downgraded shares of Evergy from a “hold” rating to a “sell” rating in a report on Monday, December 22nd. Finally, Jefferies Financial Group raised their target price on shares of Evergy from $77.00 to $87.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $83.63.

Evergy Trading Down 0.7%

EVRG stock opened at $77.23 on Thursday. The firm has a fifty day moving average price of $74.46 and a 200 day moving average price of $74.29. Evergy Inc. has a fifty-two week low of $61.94 and a fifty-two week high of $79.32. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.30 and a current ratio of 0.52. The firm has a market cap of $17.78 billion, a PE ratio of 21.16, a price-to-earnings-growth ratio of 3.14 and a beta of 0.66.

Evergy (NASDAQ:EVRG) last released 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). Evergy had a net margin of 14.45% and a return on equity of 8.66%. The business had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $2.24 billion. During the same period in the previous year, the company earned $2.02 EPS. Evergy’s revenue for the quarter was down .1% compared to the same quarter last year. Sell-side analysts anticipate that Evergy Inc. will post 3.83 earnings per share for the current fiscal year.

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.