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

Los Angeles Capital Management LLC decreased its holdings in shares of Evergy, Inc. (NASDAQ:EVRG) by 14.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 654,124 shares of the company’s stock after selling 112,682 shares during the period. Los Angeles Capital Management LLC owned about 0.28% of Evergy worth $40,261,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in EVRG. Bank of Jackson Hole Trust acquired a new position in Evergy during the fourth quarter worth $31,000. Truvestments Capital LLC purchased a new stake in shares of Evergy during the third quarter worth about $32,000. Sentry Investment Management LLC acquired a new position in shares of Evergy during the 3rd quarter worth about $51,000. USA Financial Formulas purchased a new position in Evergy in the 4th quarter valued at about $73,000. Finally, Venturi Wealth Management LLC boosted its holdings in Evergy by 230.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,386 shares of the company’s stock worth $86,000 after buying an additional 966 shares during the last quarter. Institutional investors and hedge funds own 87.24% of the company’s stock.

Analysts Set New Price Targets

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

Evergy Stock Up 0.6 %

Shares of EVRG opened at $68.81 on Wednesday. Evergy, Inc. has a 52-week low of $48.60 and a 52-week high of $69.06. The company has a quick ratio of 0.32, a current ratio of 0.55 and a debt-to-equity ratio of 1.15. The stock has a fifty day simple moving average of $63.52 and a two-hundred day simple moving average of $62.03. The company has a market capitalization of $15.82 billion, a PE ratio of 18.60, a price-to-earnings-growth ratio of 2.82 and a beta of 0.66.

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.