Evergy, Inc. (NASDAQ:EVRG) Short Interest Update

Evergy, Inc. (NASDAQ:EVRG) saw a significant drop in short interest in January. As of January 31st, there was short interest totalling 9,600,000 shares, a drop of 6.3% from the January 15th total of 10,240,000 shares. Approximately 4.2% of the shares of the company are sold short. Based on an average daily trading volume, of 1,870,000 shares, the days-to-cover ratio is currently 5.1 days.

Institutional Trading of Evergy

Several hedge funds and other institutional investors have recently made changes to their positions in EVRG. Creative Planning boosted its holdings in Evergy by 0.7% in the third quarter. Creative Planning now owns 123,594 shares of the company’s stock valued at $7,664,000 after acquiring an additional 812 shares during the last quarter. Bleakley Financial Group LLC bought a new position in shares of Evergy during the 3rd quarter worth approximately $207,000. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of Evergy by 12.5% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 49,017 shares of the company’s stock worth $3,040,000 after buying an additional 5,441 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of Evergy by 44.8% during the 3rd quarter. Blue Trust Inc. now owns 2,148 shares of the company’s stock worth $133,000 after buying an additional 665 shares in the last quarter. Finally, Eastern Bank bought a new position in shares of Evergy during the 3rd quarter worth approximately $246,000. 87.24% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

EVRG has been the subject of a number of research reports. Mizuho initiated coverage on Evergy in a report on Tuesday, October 29th. They set an “outperform” rating and a $67.00 target price for the company. Guggenheim raised Evergy from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. LADENBURG THALM/SH SH raised Evergy from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $59.00 to $68.50 in a report on Thursday, January 2nd. Finally, Barclays dropped their price target on Evergy from $65.00 to $62.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. One investment 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, the stock currently has an average rating of “Moderate Buy” and an average price target of $65.36.

Evergy Price Performance

NASDAQ EVRG traded up $0.27 during trading on Tuesday, hitting $66.93. 353,059 shares of the company’s stock were exchanged, compared to its average volume of 1,690,153. 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 company has a market cap of $15.39 billion, a PE ratio of 18.09, a P/E/G ratio of 2.75 and a beta of 0.66. Evergy has a fifty-two week low of $48.60 and a fifty-two week high of $67.89. The stock’s 50 day moving average price is $62.82 and its two-hundred day moving average price is $61.66.

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.