Illinois Municipal Retirement Fund Sells 92,189 Shares of Evergy, Inc. (NASDAQ:EVRG)

Illinois Municipal Retirement Fund lowered its position in Evergy, Inc. (NASDAQ:EVRG) by 52.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 82,998 shares of the company’s stock after selling 92,189 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Evergy were worth $5,109,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Bank of Jackson Hole Trust acquired a new position in shares of Evergy in the fourth quarter valued at $31,000. Truvestments Capital LLC bought a new stake in Evergy in the 3rd quarter valued at $32,000. Sentry Investment Management LLC acquired a new position in shares of Evergy in the 3rd quarter valued at $51,000. USA Financial Formulas bought a new position in shares of Evergy during the 4th quarter worth about $73,000. Finally, Venturi Wealth Management LLC boosted its position in shares of Evergy by 230.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,386 shares of the company’s stock valued at $86,000 after acquiring an additional 966 shares in the last quarter. Institutional investors and hedge funds own 87.24% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. LADENBURG THALM/SH SH raised shares of Evergy from a “neutral” rating to a “buy” rating and increased their price target for the stock from $59.00 to $68.50 in a research report on Thursday, January 2nd. Guggenheim upgraded Evergy from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Finally, Barclays cut their target price on Evergy from $65.00 to $62.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $65.36.

Evergy Stock Performance

NASDAQ EVRG opened at $69.05 on Thursday. Evergy, Inc. has a 1-year low of $48.60 and a 1-year high of $69.58. The company has a 50 day moving average of $63.69 and a 200-day moving average of $62.08. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15. The firm has a market cap of $15.88 billion, a price-to-earnings ratio of 18.66, a PEG ratio of 2.82 and a beta of 0.66.

Evergy Profile

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.