Ontario Teachers Pension Plan Board Acquires 14,204 Shares of Evergy Inc. $EVRG

Ontario Teachers Pension Plan Board lifted its holdings in shares of Evergy Inc. (NASDAQ:EVRG) by 22.9% in the third quarter, according to its most recent filing with the SEC. The firm owned 76,358 shares of the company’s stock after acquiring an additional 14,204 shares during the period. Ontario Teachers Pension Plan Board’s holdings in Evergy were worth $5,805,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. FAS Wealth Partners Inc. raised its holdings in shares of Evergy by 2.4% in the second quarter. FAS Wealth Partners Inc. now owns 6,413 shares of the company’s stock valued at $442,000 after buying an additional 150 shares during the last quarter. Bfsg LLC raised its stake in shares of Evergy by 22.9% in the third quarter. Bfsg LLC now owns 817 shares of the company’s stock worth $62,000 after acquiring an additional 152 shares during the last quarter. GoalVest Advisory LLC lifted its position in shares of Evergy by 3.2% during the second quarter. GoalVest Advisory LLC now owns 5,259 shares of the company’s stock worth $363,000 after purchasing an additional 163 shares in the last quarter. Hantz Financial Services Inc. grew its stake in shares of Evergy by 24.5% during the second quarter. Hantz Financial Services Inc. now owns 849 shares of the company’s stock valued at $59,000 after purchasing an additional 167 shares during the last quarter. Finally, NorthCrest Asset Manangement LLC increased its holdings in shares of Evergy by 2.9% in the third quarter. NorthCrest Asset Manangement LLC now owns 6,076 shares of the company’s stock valued at $472,000 after purchasing an additional 170 shares in the last quarter. 87.24% of the stock is currently owned by institutional investors and hedge funds.

Evergy Stock Performance

Shares of EVRG stock opened at $80.40 on Thursday. The stock has a market cap of $18.51 billion, a PE ratio of 22.03, a price-to-earnings-growth ratio of 3.23 and a beta of 0.66. The stock has a 50-day moving average of $75.48 and a 200-day moving average of $74.98. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.52 and a quick ratio of 0.30. Evergy Inc. has a one year low of $61.94 and a one year high of $83.19.

Evergy (NASDAQ:EVRG) last released its quarterly earnings data on Saturday, January 31st. The company reported $0.42 earnings per share for the quarter. Evergy had a net margin of 14.45% and a return on equity of 8.66%. As a group, sell-side analysts expect that Evergy Inc. will post 3.83 earnings per share for the current year.

Analysts Set New Price Targets

EVRG has been the topic of several research reports. BMO Capital Markets upped their price objective on Evergy from $79.00 to $82.00 and gave the stock an “outperform” rating in a report on Tuesday, January 27th. Mizuho reaffirmed a “neutral” rating and set a $76.00 price target (down previously from $86.00) on shares of Evergy in a research note on Thursday, December 18th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Evergy in a report on Monday, December 29th. Royal Bank Of Canada reissued an “outperform” rating and set a $91.00 price objective on shares of Evergy in a report on Friday, January 23rd. Finally, Wall Street Zen lowered shares of Evergy from a “hold” rating to a “sell” rating in a research note on Monday, December 22nd. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Evergy has a consensus rating of “Moderate Buy” and an average price target 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.