Evergy, Inc. (NASDAQ:EVRG) Stock Position Raised by SG Americas Securities LLC

SG Americas Securities LLC increased its position in shares of Evergy, Inc. (NASDAQ:EVRG) by 15,406.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 921,546 shares of the company’s stock after buying an additional 915,603 shares during the quarter. SG Americas Securities LLC’s holdings in Evergy were worth $56,721,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of EVRG. Truvestments Capital LLC acquired a new stake in shares of Evergy in the third quarter valued at about $32,000. Hexagon Capital Partners LLC lifted its stake in Evergy by 47.1% during the third quarter. Hexagon Capital Partners LLC now owns 531 shares of the company’s stock worth $33,000 after purchasing an additional 170 shares during the period. Sentry Investment Management LLC bought a new position in Evergy during the third quarter worth about $51,000. USA Financial Formulas bought a new position in shares of Evergy in the fourth quarter valued at approximately $73,000. Finally, Venturi Wealth Management LLC raised its stake in shares of Evergy by 230.0% in the third 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 during the last quarter. 87.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Evergy

In other news, EVP Kevin E. Bryant sold 48,141 shares of Evergy stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $62.93, for a total value of $3,029,513.13. Following the completion of the sale, the executive vice president now directly owns 1 shares in the company, valued at $62.93. The trade was a 100.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.47% of the stock is owned by company insiders.

Evergy Trading Down 1.2 %

Shares of EVRG stock opened at $62.87 on Thursday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.55. The company has a market capitalization of $14.46 billion, a price-to-earnings ratio of 16.99, a PEG ratio of 2.78 and a beta of 0.64. Evergy, Inc. has a 52-week low of $48.04 and a 52-week high of $65.47. The company has a 50-day simple moving average of $62.45 and a two-hundred day simple moving average of $60.44.

Evergy (NASDAQ:EVRG) last posted its earnings results on Thursday, November 7th. The company reported $2.02 earnings per share for the quarter, topping analysts’ consensus estimates of $1.95 by $0.07. Evergy had a net margin of 14.77% and a return on equity of 8.77%. The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same quarter in the prior year, the firm posted $1.88 EPS. Evergy’s revenue was up 8.5% on a year-over-year basis. Research analysts anticipate that Evergy, Inc. will post 3.84 EPS for the current fiscal year.

Evergy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Thursday, November 21st were given a dividend of $0.6675 per share. This is a boost from Evergy’s previous quarterly dividend of $0.64. This represents a $2.67 dividend on an annualized basis and a yield of 4.25%. The ex-dividend date of this dividend was Thursday, November 21st. Evergy’s dividend payout ratio (DPR) is 72.16%.

Wall Street Analysts Forecast Growth

EVRG has been the subject of several research analyst reports. Wells Fargo & Company boosted their price objective on shares of Evergy from $65.00 to $69.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. LADENBURG THALM/SH SH raised shares of Evergy from a “neutral” rating to a “buy” rating and upped their target price for the stock from $59.00 to $68.50 in a research note on Thursday, January 2nd. Mizuho began coverage on shares of Evergy in a research report on Tuesday, October 29th. They set an “outperform” rating and a $67.00 price target on the stock. Finally, Barclays dropped their target price on shares of Evergy from $67.00 to $65.00 and set an “overweight” rating on the stock in a report on Monday, October 21st. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $65.79.

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.