New York State Teachers Retirement System Has $13.11 Million Stake in Evergy, Inc. (NASDAQ:EVRG)

New York State Teachers Retirement System trimmed its position in shares of Evergy, Inc. (NASDAQ:EVRG - Free Report) by 6.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 212,959 shares of the company's stock after selling 15,458 shares during the period. New York State Teachers Retirement System owned 0.09% of Evergy worth $13,108,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Van ECK Associates Corp grew its holdings in Evergy by 8.5% during the fourth quarter. Van ECK Associates Corp now owns 116,709 shares of the company's stock worth $7,184,000 after purchasing an additional 9,140 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of Evergy by 102.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 60,494 shares of the company's stock valued at $3,729,000 after purchasing an additional 30,563 shares during the last quarter. Kentucky Trust Co bought a new position in shares of Evergy in the fourth quarter valued at about $284,000. Quent Capital LLC lifted its stake in shares of Evergy by 4.6% during the 4th quarter. Quent Capital LLC now owns 3,692 shares of the company's stock worth $227,000 after buying an additional 163 shares during the last quarter. Finally, Summit Trail Advisors LLC lifted its stake in shares of Evergy by 46.5% during the 4th quarter. Summit Trail Advisors LLC now owns 6,915 shares of the company's stock worth $426,000 after buying an additional 2,195 shares during the last quarter. 87.24% of the stock is owned by institutional investors.

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Evergy Price Performance

NASDAQ EVRG traded up $0.81 on Friday, hitting $68.06. 2,284,247 shares of the company's stock were exchanged, compared to its average volume of 1,763,219. Evergy, Inc. has a 52 week low of $48.60 and a 52 week high of $68.38. The stock has a 50-day moving average of $63.24 and a 200-day moving average of $61.85. 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 stock has a market cap of $15.65 billion, a price-to-earnings ratio of 18.39, a P/E/G ratio of 2.82 and a beta of 0.66.

Analyst Upgrades and Downgrades

EVRG has been the subject of several research reports. Mizuho initiated coverage on shares of Evergy in a research report on Tuesday, October 29th. They set an "outperform" rating and a $67.00 price objective for the company. Guggenheim upgraded Evergy from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. LADENBURG THALM/SH SH upgraded Evergy from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $59.00 to $68.50 in a research report on Thursday, January 2nd. Finally, Barclays reduced their target price on shares of Evergy from $65.00 to $62.00 and set an "overweight" rating for the company in a research report on Monday, January 27th. 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 presently has a consensus rating of "Moderate Buy" and a consensus target price of $65.36.

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.