Ieq Capital LLC Buys 8,159 Shares of Evergy, Inc. (NASDAQ:EVRG)

Ieq Capital LLC boosted its position in shares of Evergy, Inc. (NASDAQ:EVRG) by 43.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,783 shares of the company’s stock after purchasing an additional 8,159 shares during the period. Ieq Capital LLC’s holdings in Evergy were worth $1,648,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Private Advisor Group LLC grew its holdings in shares of Evergy by 21.6% during the fourth quarter. Private Advisor Group LLC now owns 17,026 shares of the company’s stock worth $1,048,000 after buying an additional 3,025 shares in the last quarter. Keene & Associates Inc. grew its stake in shares of Evergy by 0.5% during the 4th quarter. Keene & Associates Inc. now owns 64,239 shares of the company’s stock worth $3,954,000 after acquiring an additional 316 shares in the last quarter. Global Retirement Partners LLC raised its holdings in shares of Evergy by 32.2% in the fourth quarter. Global Retirement Partners LLC now owns 2,688 shares of the company’s stock valued at $165,000 after purchasing an additional 655 shares during the last quarter. Bank of Jackson Hole Trust bought a new stake in shares of Evergy in the fourth quarter worth $31,000. Finally, New York State Common Retirement Fund boosted its holdings in Evergy by 292.4% during the fourth quarter. New York State Common Retirement Fund now owns 398,950 shares of the company’s stock worth $24,555,000 after purchasing an additional 297,289 shares during the last quarter. Institutional investors and hedge funds own 87.24% of the company’s stock.

Evergy Stock Up 1.2 %

EVRG opened at $68.06 on Monday. The stock’s fifty day simple moving average is $63.24 and its 200 day simple moving average is $61.89. Evergy, Inc. has a 1-year low of $48.60 and a 1-year high of $68.38. The stock has a market cap of $15.65 billion, a PE ratio of 18.39, a price-to-earnings-growth ratio of 2.82 and a beta of 0.66. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15.

Wall Street Analysts Forecast Growth

EVRG has been the subject of several analyst reports. LADENBURG THALM/SH SH upgraded Evergy from a “neutral” rating to a “buy” rating and raised their price objective for the company from $59.00 to $68.50 in a report on Thursday, January 2nd. Barclays lowered their price target on Evergy from $65.00 to $62.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. Guggenheim raised Evergy from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Finally, Mizuho assumed coverage on shares of Evergy in a report on Tuesday, October 29th. They set an “outperform” rating and a $67.00 target price on the stock. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $65.36.

Evergy Company Profile

Evergy, Inc, together with its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in the United States. The company generates electricity through coal, landfill gas, uranium, and natural gas and oil sources, as well as solar, wind, other renewable sources. It serves residences, commercial firms, industrials, municipalities, and other electric utilities.