Evergy Inc. (NASDAQ:EVRG) Shares Sold by Headlands Technologies LLC

Key Points

• Headlands Technologies LLC reduced its stake in Evergy Inc. by 69.8%, selling 42,155 shares and now holding 18,196 shares valued at approximately $1,255,000.
• Evergy recently declared a quarterly dividend of $0.6675 which will yield an annualized 3.7%, with a payout ratio of 70.26%.
• Several analysts have provided mixed ratings for Evergy, with target prices ranging from $71.00 to $79.00, resulting in an average target price of $74.06.

Headlands Technologies LLC lowered its holdings in Evergy Inc. (NASDAQ:EVRG - Free Report) by 69.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,196 shares of the company's stock after selling 42,155 shares during the quarter. Headlands Technologies LLC's holdings in Evergy were worth $1,255,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EVRG. GAMMA Investing LLC grew its stake in shares of Evergy by 8,154.8% in the first quarter. GAMMA Investing LLC now owns 973,574 shares of the company's stock valued at $67,128,000 after buying an additional 961,780 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Evergy in the first quarter valued at $40,285,000. Raymond James Financial Inc. acquired a new stake in shares of Evergy in the fourth quarter valued at $32,488,000. Captrust Financial Advisors grew its stake in shares of Evergy by 67.2% in the fourth quarter. Captrust Financial Advisors now owns 1,113,538 shares of the company's stock valued at $68,538,000 after buying an additional 447,558 shares in the last quarter. Finally, Natixis grew its stake in shares of Evergy by 334.7% in the fourth quarter. Natixis now owns 363,652 shares of the company's stock valued at $22,383,000 after buying an additional 279,988 shares in the last quarter. Hedge funds and other institutional investors own 87.24% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on EVRG. Mizuho boosted their target price on Evergy from $74.00 to $77.00 and gave the stock an "outperform" rating in a research note on Friday. LADENBURG THALM/SH SH raised Evergy to a "strong-buy" rating in a research note on Thursday, May 8th. Citigroup boosted their target price on Evergy from $77.00 to $79.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. UBS Group raised Evergy from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $68.00 to $78.00 in a research report on Monday, April 28th. Finally, Wall Street Zen cut Evergy from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Evergy presently has a consensus rating of "Moderate Buy" and an average target price of $74.44.

Evergy Stock Performance

EVRG traded down $0.45 on Friday, hitting $72.42. 2,644,676 shares of the company traded hands, compared to its average volume of 2,596,143. The company has a 50 day moving average of $68.81 and a 200-day moving average of $67.48. The company has a quick ratio of 0.29, a current ratio of 0.50 and a debt-to-equity ratio of 1.24. The stock has a market capitalization of $16.66 billion, a PE ratio of 19.90, a PEG ratio of 3.17 and a beta of 0.48. Evergy Inc. has a 12-month low of $57.28 and a 12-month high of $73.97.

Evergy (NASDAQ:EVRG - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.78 by $0.04. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.45 billion. Evergy had a return on equity of 8.62% and a net margin of 14.29%. The company's revenue for the quarter was down .7% on a year-over-year basis. During the same period in the prior year, the business posted $0.90 EPS. Sell-side analysts anticipate that Evergy Inc. will post 3.83 earnings per share for the current year.

Evergy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, August 22nd will be paid a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Friday, August 22nd. Evergy's dividend payout ratio is 73.35%.

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.