AlphaQuest LLC Has $2 Million Position in Evergy Inc. $EVRG

AlphaQuest LLC grew its holdings in Evergy Inc. (NASDAQ:EVRG) by 137.7% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 26,359 shares of the company’s stock after buying an additional 15,268 shares during the quarter. AlphaQuest LLC’s holdings in Evergy were worth $2,004,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. AlphaCore Capital LLC acquired a new stake in Evergy during the second quarter valued at approximately $33,000. CYBER HORNET ETFs LLC bought a new position in shares of Evergy during the 2nd quarter worth approximately $42,000. Root Financial Partners LLC bought a new position in shares of Evergy during the 3rd quarter worth approximately $44,000. MUFG Securities EMEA plc acquired a new stake in Evergy in the 2nd quarter valued at $47,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in Evergy in the second quarter valued at $48,000. 87.24% of the stock is owned by institutional investors.

Evergy Price Performance

EVRG opened at $76.73 on Friday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.52 and a quick ratio of 0.30. The stock has a market capitalization of $17.66 billion, a P/E ratio of 21.02, a price-to-earnings-growth ratio of 3.08 and a beta of 0.67. The company’s 50 day simple moving average is $74.45 and its 200-day simple moving average is $74.06. Evergy Inc. has a one year low of $61.94 and a one year high of $79.32.

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

Analyst Ratings Changes

EVRG has been the subject of a number of analyst reports. 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 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. UBS Group boosted their price target on shares of Evergy from $81.00 to $83.00 and gave the company a “buy” rating in a research report on Wednesday, December 17th. Wall Street Zen cut shares of Evergy from a “hold” rating to a “sell” rating in a research note on Monday, December 22nd. Finally, Mizuho reiterated a “neutral” rating and issued a $76.00 target price (down previously from $86.00) on shares of Evergy in a research note 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 issued a Hold rating to the company. Based on data from MarketBeat.com, Evergy currently has a consensus rating of “Moderate Buy” and a consensus price target of $83.63.

About Evergy

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.