Caprock Group LLC Makes New Investment in Evergy Inc. $EVRG

Caprock Group LLC acquired a new stake in Evergy Inc. (NASDAQ:EVRG) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 20,581 shares of the company’s stock, valued at approximately $1,482,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brighton Jones LLC bought a new position in shares of Evergy during the fourth quarter valued at $257,000. United Services Automobile Association acquired a new stake in Evergy during the 1st quarter worth $223,000. Empowered Funds LLC increased its holdings in Evergy by 19.5% in the first quarter. Empowered Funds LLC now owns 4,648 shares of the company’s stock valued at $320,000 after purchasing an additional 758 shares during the last quarter. Woodline Partners LP boosted its stake in Evergy by 40.7% during the 1st quarter. Woodline Partners LP now owns 19,429 shares of the company’s stock worth $1,340,000 after acquiring an additional 5,618 shares during the last quarter. Finally, Focus Partners Wealth grew its holdings in shares of Evergy by 7.3% in the 1st quarter. Focus Partners Wealth now owns 13,791 shares of the company’s stock valued at $951,000 after buying an additional 939 shares during the period. Institutional investors and hedge funds own 87.24% of the company’s stock.

Evergy Trading Up 2.5%

EVRG opened at $82.69 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 company’s 50-day moving average is $74.99 and its 200 day moving average is $74.75. Evergy Inc. has a fifty-two week low of $61.94 and a fifty-two week high of $82.73. The firm has a market capitalization of $19.04 billion, a PE ratio of 22.65, a P/E/G ratio of 3.35 and a beta of 0.66.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on EVRG shares. Mizuho reissued a “neutral” rating and set a $76.00 target price (down from $86.00) on shares of Evergy in a research note on Thursday, December 18th. Citigroup boosted their target price on shares of Evergy from $79.00 to $89.00 and gave the stock a “buy” rating in a report on Monday, November 10th. Royal Bank Of Canada reiterated an “outperform” rating and set a $91.00 target price on shares of Evergy in a research note on Friday, January 23rd. Weiss Ratings restated a “buy (b-)” rating on shares of Evergy in a research report on Monday, December 29th. Finally, UBS Group downgraded shares of Evergy from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $86.00 to $88.00 in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $84.25.

Evergy 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.