Evergy Inc. $EVRG Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund lessened its position in Evergy Inc. (NASDAQ:EVRG) by 47.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 138,794 shares of the company’s stock after selling 125,625 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Evergy were worth $10,551,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of EVRG. AlphaCore Capital LLC bought a new position in Evergy during the second quarter valued at approximately $33,000. Sentry Investment Management LLC bought a new position in Evergy in the 3rd quarter worth approximately $41,000. CYBER HORNET ETFs LLC bought a new position in Evergy during the second quarter valued at about $42,000. Root Financial Partners LLC bought a new position in Evergy in the third quarter worth $44,000. Finally, MUFG Securities EMEA plc acquired a new position in Evergy in the second quarter worth about $47,000. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on EVRG. Citigroup upped their target price on shares of Evergy from $79.00 to $89.00 and gave the stock a “buy” rating in a research report on Monday, November 10th. Mizuho reaffirmed a “neutral” rating and issued a $76.00 price target (down previously from $86.00) on shares of Evergy in a research note on Thursday, December 18th. BMO Capital Markets boosted their target price on Evergy from $79.00 to $82.00 and gave the company an “outperform” rating in a research note on Tuesday, January 27th. Royal Bank Of Canada reiterated an “outperform” rating and set a $91.00 target price on shares of Evergy in a report on Friday, January 23rd. Finally, Wall Street Zen cut shares of Evergy from a “hold” rating to a “sell” rating in a research note on Monday, December 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $83.63.

Evergy Stock Performance

Shares of EVRG stock opened at $80.69 on Friday. The firm has a 50 day moving average of $74.80 and a 200-day moving average of $74.62. Evergy Inc. has a 52 week low of $61.94 and a 52 week high of $81.40. The company has a market cap of $18.58 billion, a price-to-earnings ratio of 22.11, a price-to-earnings-growth ratio of 3.20 and a beta of 0.66. The company has a quick ratio of 0.30, a current ratio of 0.52 and a debt-to-equity ratio of 1.20.

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.