Wealthfront Advisers LLC Buys 8,374 Shares of Evergy Inc. $EVRG

Wealthfront Advisers LLC lifted its stake in Evergy Inc. (NASDAQ:EVRG) by 5.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 150,492 shares of the company’s stock after buying an additional 8,374 shares during the period. Wealthfront Advisers LLC owned about 0.07% of Evergy worth $11,440,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in EVRG. Brighton Jones LLC bought a new stake in shares of Evergy in the 4th quarter worth approximately $257,000. United Services Automobile Association bought a new stake in shares of Evergy during the first quarter valued at approximately $223,000. Empowered Funds LLC raised its stake in shares of 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 in the last quarter. Woodline Partners LP lifted its position in Evergy by 40.7% in the first quarter. Woodline Partners LP now owns 19,429 shares of the company’s stock worth $1,340,000 after purchasing an additional 5,618 shares during the period. Finally, Focus Partners Wealth boosted its stake in Evergy by 7.3% during the first quarter. Focus Partners Wealth now owns 13,791 shares of the company’s stock worth $951,000 after buying an additional 939 shares in the last quarter. 87.24% of the stock is owned by institutional investors and hedge funds.

Evergy Stock Performance

NASDAQ EVRG opened at $78.75 on Wednesday. The firm has a market cap of $18.13 billion, a price-to-earnings ratio of 21.58, a PEG ratio of 3.12 and a beta of 0.66. The company has a 50 day moving average of $74.56 and a 200-day moving average of $74.54. The company has a current ratio of 0.52, a quick ratio of 0.30 and a debt-to-equity ratio of 1.20. Evergy Inc. has a 1-year low of $61.94 and a 1-year high of $79.32.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on EVRG shares. BMO Capital Markets increased their price objective on shares of Evergy from $79.00 to $82.00 and gave the company an “outperform” rating in a research note on Tuesday, January 27th. Citigroup upped their target price on shares of Evergy from $79.00 to $89.00 and gave the company a “buy” rating in a research note on Monday, November 10th. Weiss Ratings reissued a “buy (b-)” rating on shares of Evergy in a research report on Monday, December 29th. Royal Bank Of Canada restated an “outperform” rating and set a $91.00 price target on shares of Evergy in a research note on Friday, January 23rd. Finally, Wall Street Zen downgraded Evergy from a “hold” rating to a “sell” rating in a report on Monday, December 22nd. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Evergy has an average rating of “Moderate Buy” and a consensus target price of $83.63.

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.