LSV Asset Management Lowers Stock Holdings in Evergy Inc. $EVRG

LSV Asset Management lowered its position in shares of Evergy Inc. (NASDAQ:EVRG) by 33.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 170,000 shares of the company’s stock after selling 87,266 shares during the period. LSV Asset Management owned about 0.07% of Evergy worth $12,923,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of EVRG. Synergy Asset Management LLC increased its stake in shares of Evergy by 100.0% during the third quarter. Synergy Asset Management LLC now owns 148,940 shares of the company’s stock valued at $11,322,000 after buying an additional 74,470 shares during the period. Kingsview Wealth Management LLC purchased a new stake in Evergy in the second quarter worth $246,000. Davis Capital Management bought a new stake in Evergy in the third quarter valued at $1,379,000. iA Global Asset Management Inc. increased its position in Evergy by 207.0% during the 3rd quarter. iA Global Asset Management Inc. now owns 22,624 shares of the company’s stock valued at $1,720,000 after purchasing an additional 15,254 shares during the period. Finally, Inspire Advisors LLC raised its holdings in Evergy by 35.4% in the 3rd quarter. Inspire Advisors LLC now owns 59,018 shares of the company’s stock worth $4,487,000 after purchasing an additional 15,436 shares in the last quarter. 87.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on EVRG. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $91.00 target price on shares of Evergy in a research note on Friday, January 23rd. Mizuho restated a “neutral” rating and issued a $76.00 price objective (down from $86.00) on shares of Evergy in a report on Thursday, December 18th. BMO Capital Markets lifted their price objective on Evergy from $79.00 to $82.00 and gave the company an “outperform” rating in a research report on Tuesday, January 27th. Wall Street Zen downgraded Evergy from a “hold” rating to a “sell” rating in a report on Monday, December 22nd. Finally, UBS Group lowered Evergy from a “buy” rating to a “neutral” rating and increased their target price for the stock from $86.00 to $88.00 in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $84.25.

Evergy Price Performance

Shares of EVRG opened at $82.69 on Friday. The stock has a market cap of $19.04 billion, a PE ratio of 22.65, a price-to-earnings-growth ratio of 3.35 and a beta of 0.66. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.30 and a current ratio of 0.52. Evergy Inc. has a fifty-two week low of $61.94 and a fifty-two week high of $82.73. The firm’s 50-day simple moving average is $74.99 and its two-hundred day simple moving average is $74.75.

Evergy 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.