Moors & Cabot Inc. Cuts Stock Holdings in Evergy, Inc. (NYSE:EVRG)

Moors & Cabot Inc. reduced its holdings in Evergy, Inc. (NYSE:EVRGFree Report) by 10.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,940 shares of the company’s stock after selling 555 shares during the period. Moors & Cabot Inc.’s holdings in Evergy were worth $250,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Metis Global Partners LLC raised its position in Evergy by 20.5% during the third quarter. Metis Global Partners LLC now owns 8,326 shares of the company’s stock worth $422,000 after acquiring an additional 1,419 shares during the period. Alaska Permanent Fund Corp acquired a new position in Evergy during the second quarter worth $59,000. IFP Advisors Inc raised its position in Evergy by 75.1% during the second quarter. IFP Advisors Inc now owns 11,151 shares of the company’s stock worth $605,000 after acquiring an additional 4,784 shares during the period. Sei Investments Co. raised its position in shares of Evergy by 23.4% in the second quarter. Sei Investments Co. now owns 345,734 shares of the company’s stock valued at $20,198,000 after buying an additional 65,475 shares during the last quarter. Finally, IFM Investors Pty Ltd raised its position in shares of Evergy by 32.7% in the second quarter. IFM Investors Pty Ltd now owns 72,059 shares of the company’s stock valued at $4,210,000 after buying an additional 17,776 shares during the last quarter. 82.82% of the stock is owned by hedge funds and other institutional investors.

Evergy Price Performance

Evergy stock opened at $49.66 on Wednesday. Evergy, Inc. has a 12-month low of $46.92 and a 12-month high of $63.93. The stock has a market cap of $11.41 billion, a P/E ratio of 13.87, a PEG ratio of 2.98 and a beta of 0.57. The company has a 50-day moving average price of $51.74 and a 200 day moving average price of $52.59. The company has a current ratio of 0.39, a quick ratio of 0.24 and a debt-to-equity ratio of 0.95.

Evergy (NYSE:EVRGGet Free Report) last announced its earnings results on Tuesday, November 7th. The company reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.84 by $0.04. The company had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.63 billion. Evergy had a net margin of 12.16% and a return on equity of 8.59%. During the same quarter last year, the firm posted $2.01 earnings per share. Sell-side analysts anticipate that Evergy, Inc. will post 3.59 earnings per share for the current year.

Wall Street Analyst Weigh In

EVRG has been the subject of a number of recent research reports. Guggenheim cut shares of Evergy from a “buy” rating to a “neutral” rating and set a $52.00 target price for the company. in a research report on Monday, January 22nd. Bank of America increased their target price on shares of Evergy from $50.00 to $51.00 and gave the company a “neutral” rating in a research report on Friday, January 19th. Wells Fargo & Company upgraded shares of Evergy from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $54.00 to $60.00 in a research report on Tuesday, January 9th. Finally, Barclays reduced their target price on shares of Evergy from $56.00 to $54.00 and set an “overweight” rating for the company in a research report on Monday, January 22nd. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Evergy presently has a consensus rating of “Hold” and an average target price of $54.25.

View Our Latest Research Report on Evergy

About Evergy

(Free Report)

Evergy, Inc, together with its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in Kansas and Missouri, the United States. The company generates electricity through coal, hydroelectric, landfill gas, uranium, and natural gas and oil sources, as well as solar, wind, other renewable sources.

Further Reading

Institutional Ownership by Quarter for Evergy (NYSE:EVRG)

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