Assetmark Inc. Increases Stock Holdings in Evergy Inc. $EVRG

Assetmark Inc. boosted its position in shares of Evergy Inc. (NASDAQ:EVRG) by 41.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,427 shares of the company’s stock after acquiring an additional 15,379 shares during the period. Assetmark Inc.’s holdings in Evergy were worth $3,986,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of EVRG. Public Sector Pension Investment Board boosted its holdings in Evergy by 4.8% in the 3rd quarter. Public Sector Pension Investment Board now owns 49,604 shares of the company’s stock valued at $3,771,000 after purchasing an additional 2,290 shares during the period. Westover Capital Advisors LLC purchased a new stake in shares of Evergy in the third quarter worth $213,000. Caprock Group LLC bought a new stake in Evergy during the third quarter valued at $1,482,000. ING Groep NV grew its position in Evergy by 22.1% during the third quarter. ING Groep NV now owns 29,754 shares of the company’s stock worth $2,262,000 after buying an additional 5,378 shares in the last quarter. Finally, Rhumbline Advisers increased its stake in Evergy by 0.7% in the 3rd quarter. Rhumbline Advisers now owns 414,425 shares of the company’s stock worth $31,504,000 after acquiring an additional 2,774 shares during the last quarter. Institutional investors own 87.24% of the company’s stock.

Evergy Stock Performance

Shares of EVRG stock opened at $81.51 on Wednesday. The company has a market capitalization of $18.76 billion, a P/E ratio of 22.33, a PEG ratio of 3.28 and a beta of 0.66. Evergy Inc. has a fifty-two week low of $61.94 and a fifty-two week high of $83.19. 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 50 day moving average price of $75.34 and a two-hundred day moving average price of $74.94.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on EVRG shares. Mizuho reiterated a “neutral” rating and set a $76.00 price target (down previously from $86.00) on shares of Evergy in a research report on Thursday, December 18th. Wall Street Zen cut shares of Evergy from a “hold” rating to a “sell” rating in a research report on Monday, December 22nd. Barclays upped their target price on shares of Evergy from $80.00 to $82.00 and gave the stock an “overweight” rating in a research report on Thursday, January 22nd. Wells Fargo & Company raised their price objective on Evergy from $77.00 to $79.00 and gave the company an “equal weight” rating in a report on Tuesday, January 20th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $91.00 target price on shares of Evergy in a research report on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $84.25.

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.