AlphaQuest LLC Acquires 15,268 Shares of Evergy Inc. $EVRG

AlphaQuest LLC lifted its holdings in shares of Evergy Inc. (NASDAQ:EVRG) by 137.7% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 26,359 shares of the company’s stock after acquiring an additional 15,268 shares during the period. AlphaQuest LLC’s holdings in Evergy were worth $2,004,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Simplicity Wealth LLC acquired a new stake in Evergy during the 2nd quarter valued at $778,000. Synergy Asset Management LLC raised its position in shares of Evergy by 100.0% in the third quarter. Synergy Asset Management LLC now owns 148,940 shares of the company’s stock valued at $11,322,000 after purchasing an additional 74,470 shares during the period. Leo Wealth LLC acquired a new stake in shares of Evergy during the 2nd quarter worth about $1,399,000. Davis Capital Management acquired a new stake in shares of Evergy during the 3rd quarter worth about $1,379,000. Finally, Callan Family Office LLC bought a new stake in shares of Evergy during the 2nd quarter worth about $413,000. 87.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on EVRG shares. Wall Street Zen cut shares of Evergy from a “hold” rating to a “sell” rating in a report on Monday, December 22nd. Jefferies Financial Group increased their target price on Evergy from $77.00 to $87.00 and gave the stock a “buy” rating in a research note on Thursday, October 9th. UBS Group boosted their price target on Evergy from $81.00 to $83.00 and gave the company a “buy” rating in a research note on Wednesday, December 17th. Citigroup increased their price objective on Evergy from $79.00 to $89.00 and gave the stock a “buy” rating in a research report on Monday, November 10th. Finally, BMO Capital Markets lifted their target price on Evergy from $79.00 to $82.00 and gave the stock an “outperform” rating in a report on Tuesday. One 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 presently has a consensus rating of “Moderate Buy” and a consensus price target of $83.63.

Evergy Trading Up 0.5%

Shares of NASDAQ:EVRG opened at $76.73 on Friday. The company has a market capitalization of $17.66 billion, a P/E 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. 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 business’s 50 day simple moving average is $74.45 and its 200 day simple moving average is $74.06.

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