Los Angeles Capital Management LLC Trims Stock Position in Evergy, Inc. (NASDAQ:EVRG)

Los Angeles Capital Management LLC trimmed its holdings in Evergy, Inc. (NASDAQ:EVRG) by 14.7% in the 4th quarter, HoldingsChannel reports. The fund owned 654,124 shares of the company’s stock after selling 112,682 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Evergy were worth $40,261,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Amalgamated Bank grew its holdings in shares of Evergy by 1.4% during the 4th quarter. Amalgamated Bank now owns 45,435 shares of the company’s stock worth $2,797,000 after purchasing an additional 633 shares during the period. Bank of New York Mellon Corp lifted its position in Evergy by 9.1% in the fourth quarter. Bank of New York Mellon Corp now owns 3,085,401 shares of the company’s stock valued at $189,906,000 after buying an additional 256,978 shares during the last quarter. Blackhawk Capital Partners LLC. boosted its stake in Evergy by 38.0% during the fourth quarter. Blackhawk Capital Partners LLC. now owns 7,993 shares of the company’s stock worth $492,000 after buying an additional 2,201 shares during the period. IFP Advisors Inc increased its position in shares of Evergy by 5.5% during the fourth quarter. IFP Advisors Inc now owns 9,911 shares of the company’s stock valued at $610,000 after acquiring an additional 521 shares during the last quarter. Finally, Howard Capital Management Inc. raised its stake in shares of Evergy by 1.1% in the 4th quarter. Howard Capital Management Inc. now owns 66,858 shares of the company’s stock valued at $4,115,000 after acquiring an additional 724 shares during the period. Institutional investors and hedge funds own 87.24% of the company’s stock.

Evergy Trading Up 0.6 %

EVRG opened at $68.81 on Wednesday. The business has a fifty day moving average price of $63.52 and a 200 day moving average price of $62.03. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.55 and a quick ratio of 0.32. Evergy, Inc. has a 12 month low of $48.60 and a 12 month high of $69.06. The stock has a market capitalization of $15.82 billion, a price-to-earnings ratio of 18.60, a PEG ratio of 2.82 and a beta of 0.66.

Wall Street Analysts Forecast Growth

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