New York State Common Retirement Fund Sells 35,349 Shares of Evergy, Inc. (NYSE:EVRG)

New York State Common Retirement Fund lowered its position in Evergy, Inc. (NYSE:EVRGFree Report) by 17.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 162,976 shares of the company’s stock after selling 35,349 shares during the period. New York State Common Retirement Fund owned approximately 0.07% of Evergy worth $8,263,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in EVRG. PNC Financial Services Group Inc. lifted its stake in Evergy by 1.3% in the first quarter. PNC Financial Services Group Inc. now owns 14,198 shares of the company’s stock worth $969,000 after purchasing an additional 179 shares during the last quarter. Cibc World Market Inc. lifted its stake in Evergy by 25.8% in the first quarter. Cibc World Market Inc. now owns 5,924 shares of the company’s stock worth $405,000 after purchasing an additional 1,214 shares during the last quarter. Blair William & Co. IL lifted its stake in Evergy by 5.5% in the first quarter. Blair William & Co. IL now owns 12,622 shares of the company’s stock worth $863,000 after purchasing an additional 657 shares during the last quarter. Sei Investments Co. lifted its stake in Evergy by 28.4% in the first quarter. Sei Investments Co. now owns 322,941 shares of the company’s stock worth $22,058,000 after purchasing an additional 71,345 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its stake in shares of Evergy by 1,332.5% during the first quarter. Canada Pension Plan Investment Board now owns 374,061 shares of the company’s stock valued at $25,563,000 after acquiring an additional 347,949 shares in the last quarter. Institutional investors own 82.82% of the company’s stock.

Evergy Stock Performance

Shares of EVRG stock opened at $49.08 on Friday. The firm has a market cap of $11.27 billion, a price-to-earnings ratio of 16.58, a PEG ratio of 2.96 and a beta of 0.57. The company’s 50 day moving average is $51.62 and its 200 day moving average is $52.45. The company has a quick ratio of 0.24, a current ratio of 0.39 and a debt-to-equity ratio of 0.95. Evergy, Inc. has a 52-week low of $46.92 and a 52-week high of $63.93.

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

Wall Street Analyst Weigh In

EVRG has been the subject of several research analyst reports. Guggenheim downgraded shares of Evergy from a “buy” rating to a “neutral” rating and set a $52.00 price target for the company. in a research note on Monday, January 22nd. Wells Fargo & Company raised shares of Evergy from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $54.00 to $60.00 in a research note on Tuesday, January 9th. Bank of America lifted their price target on shares of Evergy from $50.00 to $51.00 and gave the company a “neutral” rating in a research note on Friday, January 19th. Finally, Barclays decreased their price target on shares of Evergy from $56.00 to $54.00 and set an “overweight” rating for the company in a research note on Monday, January 22nd. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $54.25.

Check Out Our Latest Stock 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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