New York State Common Retirement Fund Boosts Stake in Evergy, Inc. (NASDAQ:EVRG)

New York State Common Retirement Fund increased its position in Evergy, Inc. (NASDAQ:EVRG) by 292.4% in the fourth quarter, Holdings Channel reports. The firm owned 398,950 shares of the company’s stock after purchasing an additional 297,289 shares during the quarter. New York State Common Retirement Fund’s holdings in Evergy were worth $24,555,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. HighTower Advisors LLC grew its stake in Evergy by 391.1% in the third quarter. HighTower Advisors LLC now owns 97,186 shares of the company’s stock worth $6,030,000 after purchasing an additional 77,398 shares in the last quarter. Allworth Financial LP grew its stake in Evergy by 84.6% in the fourth quarter. Allworth Financial LP now owns 7,975 shares of the company’s stock worth $501,000 after purchasing an additional 3,654 shares in the last quarter. Bank of Montreal Can grew its stake in Evergy by 29.1% in the third quarter. Bank of Montreal Can now owns 997,832 shares of the company’s stock worth $61,806,000 after purchasing an additional 224,679 shares in the last quarter. BNP Paribas Financial Markets grew its stake in Evergy by 34.0% in the third quarter. BNP Paribas Financial Markets now owns 945,148 shares of the company’s stock worth $58,609,000 after purchasing an additional 239,599 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. grew its stake in Evergy by 23.1% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 10,692 shares of the company’s stock worth $658,000 after purchasing an additional 2,004 shares in the last quarter. 87.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on EVRG shares. Guggenheim upgraded Evergy from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. LADENBURG THALM/SH SH raised shares of Evergy from a “neutral” rating to a “buy” rating and raised their target price for the stock from $59.00 to $68.50 in a report on Thursday, January 2nd. Barclays cut their target price on shares of Evergy from $65.00 to $62.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. Finally, Mizuho began coverage on shares of Evergy in a report on Tuesday, October 29th. They issued an “outperform” rating and a $67.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Evergy has an average rating of “Moderate Buy” and an average target price of $65.36.

Evergy Stock Performance

EVRG opened at $68.06 on Friday. The business’s 50 day moving average is $63.24 and its 200-day moving average is $61.85. The stock has a market cap of $15.65 billion, a PE ratio of 18.39, a price-to-earnings-growth ratio of 2.82 and a beta of 0.66. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15. Evergy, Inc. has a twelve month low of $48.60 and a twelve month high of $68.38.

About Evergy

Evergy, Inc, together with its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in the United States. The company generates electricity through coal, landfill gas, uranium, and natural gas and oil sources, as well as solar, wind, other renewable sources. It serves residences, commercial firms, industrials, municipalities, and other electric utilities.