Assetmark Inc. Acquires 15,379 Shares of Evergy Inc. $EVRG

Assetmark Inc. raised its holdings in Evergy Inc. (NASDAQ:EVRG) by 41.5% during the third quarter, Holdings Channel.com reports. The institutional investor owned 52,427 shares of the company’s stock after buying an additional 15,379 shares during the quarter. Assetmark Inc.’s holdings in Evergy were worth $3,986,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. FAS Wealth Partners Inc. boosted its holdings in Evergy by 2.4% in the second quarter. FAS Wealth Partners Inc. now owns 6,413 shares of the company’s stock valued at $442,000 after acquiring an additional 150 shares in the last quarter. Bfsg LLC boosted its stake in shares of Evergy by 22.9% during the 3rd quarter. Bfsg LLC now owns 817 shares of the company’s stock valued at $62,000 after purchasing an additional 152 shares in the last quarter. GoalVest Advisory LLC increased its position in shares of Evergy by 3.2% during the second quarter. GoalVest Advisory LLC now owns 5,259 shares of the company’s stock valued at $363,000 after buying an additional 163 shares during the period. Hantz Financial Services Inc. increased its position in shares of Evergy by 24.5% during the second quarter. Hantz Financial Services Inc. now owns 849 shares of the company’s stock valued at $59,000 after buying an additional 167 shares during the period. Finally, NorthCrest Asset Manangement LLC raised its stake in Evergy by 2.9% in the third quarter. NorthCrest Asset Manangement LLC now owns 6,076 shares of the company’s stock worth $472,000 after buying an additional 170 shares in the last quarter. Institutional investors own 87.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Citigroup lifted their price objective on Evergy from $79.00 to $89.00 and gave the company a “buy” rating in a research report on Monday, November 10th. Wall Street Zen cut Evergy from a “hold” rating to a “sell” rating in a research note on Monday, December 22nd. Mizuho reiterated a “neutral” rating and issued a $76.00 price objective (down previously from $86.00) on shares of Evergy in a report on Thursday, December 18th. Royal Bank Of Canada restated an “outperform” rating and set a $91.00 target price on shares of Evergy in a report on Friday, January 23rd. Finally, UBS Group downgraded shares of Evergy from a “buy” rating to a “neutral” rating and upped their target price for the stock from $86.00 to $88.00 in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Evergy presently has an average rating of “Moderate Buy” and a consensus target price of $84.25.

Evergy Price Performance

EVRG opened at $81.51 on Wednesday. The firm has a market cap of $18.76 billion, a PE ratio of 22.33, a P/E/G ratio of 3.28 and a beta of 0.66. The stock has a 50-day moving average price of $75.34 and a 200-day moving average price of $74.94. Evergy Inc. has a 1 year low of $61.94 and a 1 year high of $83.19. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.52 and a quick ratio of 0.30.

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.