Illinois Municipal Retirement Fund Trims Stock Position in Evergy Inc. $EVRG

Illinois Municipal Retirement Fund lowered its position in shares of Evergy Inc. (NASDAQ:EVRG) by 47.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 138,794 shares of the company’s stock after selling 125,625 shares during the period. Illinois Municipal Retirement Fund owned about 0.06% of Evergy worth $10,551,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in EVRG. Synergy Asset Management LLC lifted its stake in Evergy by 100.0% during the 3rd quarter. Synergy Asset Management LLC now owns 148,940 shares of the company’s stock valued at $11,322,000 after acquiring an additional 74,470 shares during the period. Kingsview Wealth Management LLC purchased a new position in Evergy during the second quarter valued at $246,000. Davis Capital Management bought a new position in Evergy during the third quarter valued at approximately $1,379,000. iA Global Asset Management Inc. increased its stake in Evergy by 207.0% during the third quarter. iA Global Asset Management Inc. now owns 22,624 shares of the company’s stock worth $1,720,000 after acquiring an additional 15,254 shares during the last quarter. Finally, Inspire Advisors LLC boosted its stake in Evergy by 35.4% during the third quarter. Inspire Advisors LLC now owns 59,018 shares of the company’s stock worth $4,487,000 after buying an additional 15,436 shares during the period. Institutional investors own 87.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Wells Fargo & Company upped their price objective on shares of Evergy from $77.00 to $79.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 20th. 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 note on Monday, November 10th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $91.00 price target on shares of Evergy in a research note on Friday, January 23rd. Weiss Ratings reissued a “buy (b-)” rating on shares of Evergy in a report on Monday, December 29th. Finally, BMO Capital Markets raised their target price on Evergy from $79.00 to $82.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 27th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $83.63.

Evergy Stock Performance

Shares of EVRG opened at $80.69 on Friday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.30 and a current ratio of 0.52. The stock has a market capitalization of $18.58 billion, a P/E ratio of 22.11, a P/E/G ratio of 3.20 and a beta of 0.66. Evergy Inc. has a 1 year low of $61.94 and a 1 year high of $81.40. The company’s fifty day moving average is $74.80 and its two-hundred day moving average is $74.62.

Evergy Company 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.