Twin Capital Management Inc. Lowers Holdings in Evergy Inc. $EVRG

Twin Capital Management Inc. trimmed its position in shares of Evergy Inc. (NASDAQ:EVRG) by 56.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 16,655 shares of the company’s stock after selling 21,166 shares during the quarter. Twin Capital Management Inc.’s holdings in Evergy were worth $1,266,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of EVRG. Brighton Jones LLC bought a new position in shares of Evergy in the fourth quarter worth approximately $257,000. United Services Automobile Association bought a new position in Evergy in the 1st quarter valued at approximately $223,000. Empowered Funds LLC boosted its stake in Evergy by 19.5% during the 1st quarter. Empowered Funds LLC now owns 4,648 shares of the company’s stock valued at $320,000 after purchasing an additional 758 shares during the last quarter. Woodline Partners LP increased its holdings in shares of 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 purchasing an additional 5,618 shares in the last quarter. Finally, Focus Partners Wealth raised its stake in shares of Evergy by 7.3% in 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 last quarter. 87.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Wall Street Zen cut Evergy from a “hold” rating to a “sell” rating in a research report on Monday, December 22nd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Evergy in a report on Monday, December 29th. Royal Bank Of Canada reissued an “outperform” rating and set a $91.00 price objective on shares of Evergy in a report on Friday, January 23rd. Citigroup increased their price objective on shares of Evergy from $79.00 to $89.00 and gave the company a “buy” rating in a research report on Monday, November 10th. Finally, Mizuho reaffirmed a “neutral” rating and issued a $76.00 target price (down previously from $86.00) on shares of Evergy in a research report on Thursday, December 18th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Evergy currently has a consensus rating of “Moderate Buy” and a consensus price target of $83.63.

Evergy Stock Down 1.1%

NASDAQ EVRG opened at $76.75 on Friday. Evergy Inc. has a 52 week low of $61.94 and a 52 week high of $79.32. The company has a quick ratio of 0.30, a current ratio of 0.52 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $17.67 billion, a P/E ratio of 21.03, a price-to-earnings-growth ratio of 3.10 and a beta of 0.66. The stock’s 50-day moving average price is $74.45 and its 200-day moving average price is $74.39.

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

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.