Evergy, Inc. (NASDAQ:EVRG) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC lifted its holdings in shares of Evergy, Inc. (NASDAQ:EVRG) by 15,406.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 921,546 shares of the company’s stock after acquiring an additional 915,603 shares during the period. SG Americas Securities LLC owned 0.40% of Evergy worth $56,721,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Truvestments Capital LLC acquired a new position in Evergy during the third quarter worth approximately $32,000. Hexagon Capital Partners LLC increased its position 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 buying an additional 170 shares during the period. Sentry Investment Management LLC acquired a new position in Evergy during the third quarter worth approximately $51,000. USA Financial Formulas acquired a new position in Evergy during the fourth quarter worth approximately $73,000. Finally, Venturi Wealth Management LLC increased its position in Evergy by 230.0% during the third quarter. Venturi Wealth Management LLC now owns 1,386 shares of the company’s stock worth $86,000 after buying an additional 966 shares during the period. Institutional investors and hedge funds own 87.24% of the company’s stock.

Evergy Stock Performance

Evergy stock opened at $62.87 on Thursday. The firm has a market capitalization of $14.46 billion, a P/E ratio of 16.99, a PEG ratio of 2.78 and a beta of 0.64. The stock has a fifty day moving average price of $62.45 and a 200 day moving average price of $60.44. Evergy, Inc. has a 52 week low of $48.04 and a 52 week high of $65.47. 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 (NASDAQ:EVRG) last released its earnings results on Thursday, November 7th. The company reported $2.02 EPS for the quarter, beating the consensus estimate of $1.95 by $0.07. The firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $2.35 billion. Evergy had a return on equity of 8.77% and a net margin of 14.77%. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.88 earnings per share. Equities research analysts anticipate that Evergy, Inc. will post 3.84 earnings per share for the current year.

Evergy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Thursday, November 21st were given a dividend of $0.6675 per share. 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. This is an increase from Evergy’s previous quarterly dividend of $0.64. Evergy’s payout ratio is 72.16%.

Analysts Set New Price Targets

Several brokerages have weighed in on EVRG. Mizuho began coverage on Evergy in a research note on Tuesday, October 29th. They issued an “outperform” rating and a $67.00 target price on the stock. Barclays lowered their target price on Evergy from $67.00 to $65.00 and set an “overweight” rating on the stock in a research note on Monday, October 21st. Wells Fargo & Company lifted their target price on Evergy from $65.00 to $69.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Finally, LADENBURG THALM/SH SH upgraded Evergy from a “neutral” rating to a “buy” rating and lifted their target price for the company from $59.00 to $68.50 in a research note on Thursday, January 2nd. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Evergy currently has an average rating of “Moderate Buy” and an average target price of $65.79.

Insider Buying and Selling at Evergy

In related news, EVP Kevin E. Bryant sold 48,141 shares of the stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $62.93, for a total value of $3,029,513.13. Following the completion of the transaction, the executive vice president now owns 1 shares of the company’s stock, valued at approximately $62.93. This represents a 100.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.47% of the stock is owned by company insiders.

Evergy Company 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.