Dark Forest Capital Management LP cut its holdings in Evergy, Inc. (NASDAQ:EVRG - Free Report) by 64.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,893 shares of the company's stock after selling 16,450 shares during the quarter. Dark Forest Capital Management LP's holdings in Evergy were worth $547,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently bought and sold shares of the company. Lee Danner & Bass Inc. purchased a new position in shares of Evergy during the fourth quarter valued at approximately $26,000. National Pension Service purchased a new position in Evergy during the 4th quarter valued at $30,000. Bank of Jackson Hole Trust bought a new position in Evergy in the 4th quarter worth $31,000. Sandy Spring Bank lifted its position in shares of Evergy by 5,983.3% in the 4th quarter. Sandy Spring Bank now owns 730 shares of the company's stock worth $45,000 after purchasing an additional 718 shares during the period. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Evergy during the 4th quarter valued at about $49,000. Hedge funds and other institutional investors own 87.24% of the company's stock.
Evergy Stock Performance
Evergy stock traded down $0.34 during trading on Thursday, reaching $68.76. The company had a trading volume of 441,599 shares, compared to its average volume of 2,241,434. The firm's 50-day simple moving average is $67.39 and its 200 day simple moving average is $64.40. 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, Inc. has a 52 week low of $52.10 and a 52 week high of $70.30. The firm has a market capitalization of $15.82 billion, a price-to-earnings ratio of 18.57, a price-to-earnings-growth ratio of 2.82 and a beta of 0.52.
Evergy (NASDAQ:EVRG - Get Free Report) last issued its earnings results on Thursday, February 27th. The company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.11). Evergy had a return on equity of 8.77% and a net margin of 14.77%. The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.24 billion. Sell-side analysts forecast that Evergy, Inc. will post 3.83 earnings per share for the current fiscal year.
Evergy Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were given a dividend of $0.6675 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 3.88%. Evergy's payout ratio is 70.45%.
Analyst Ratings Changes
Several analysts have commented on the stock. Guggenheim upgraded shares of Evergy from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. LADENBURG THALM/SH SH upgraded shares of Evergy to a "strong-buy" rating in a report on Monday, March 17th. Barclays lifted their price objective on Evergy from $72.00 to $73.00 and gave the company an "overweight" rating in a research note on Tuesday, April 22nd. Finally, UBS Group upgraded shares of Evergy from a "neutral" rating to a "buy" rating and increased their price target for the company from $68.00 to $78.00 in a report on Monday. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $70.92.
Check Out Our Latest Stock Report on Evergy
Evergy Profile
(
Free Report)
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.
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