SG Americas Securities LLC Decreases Position in Evergy Inc. (NASDAQ:EVRG)

SG Americas Securities LLC decreased its holdings in Evergy Inc. (NASDAQ:EVRG - Free Report) by 98.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,901 shares of the company's stock after selling 909,645 shares during the period. SG Americas Securities LLC's holdings in Evergy were worth $821,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of EVRG. LaFleur & Godfrey LLC grew its stake in shares of Evergy by 11.5% in the 4th quarter. LaFleur & Godfrey LLC now owns 16,492 shares of the company's stock valued at $1,015,000 after buying an additional 1,700 shares during the period. Brighton Jones LLC purchased a new stake in shares of Evergy in the 4th quarter valued at approximately $257,000. Empowered Funds LLC grew its stake in shares of Evergy by 6.5% in the 4th quarter. Empowered Funds LLC now owns 3,890 shares of the company's stock valued at $239,000 after buying an additional 238 shares during the period. Allspring Global Investments Holdings LLC grew its stake in shares of Evergy by 102.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 60,494 shares of the company's stock valued at $3,729,000 after buying an additional 30,563 shares during the period. Finally, Allworth Financial LP grew its stake in shares of Evergy by 84.6% in the 4th quarter. Allworth Financial LP now owns 7,975 shares of the company's stock valued at $501,000 after buying an additional 3,654 shares during the period. Institutional investors and hedge funds own 87.24% of the company's stock.

Evergy Trading Up 0.6%

Shares of NASDAQ:EVRG traded up $0.40 during mid-day trading on Friday, reaching $67.19. 2,768,991 shares of the company were exchanged, compared to its average volume of 2,037,623. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.55 and a quick ratio of 0.29. Evergy Inc. has a 1 year low of $52.10 and a 1 year high of $70.36. The firm has a market cap of $15.46 billion, a price-to-earnings ratio of 17.68, a P/E/G ratio of 2.90 and a beta of 0.49. The firm's 50-day simple moving average is $67.13 and its 200 day simple moving average is $65.53.

Evergy (NASDAQ:EVRG - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.12). Evergy had a net margin of 14.87% and a return on equity of 8.84%. The business had revenue of $1.37 billion during the quarter, compared to analysts' expectations of $1.21 billion. During the same period in the prior year, the business earned $0.54 EPS. Equities research analysts forecast that Evergy Inc. will post 3.83 EPS for the current year.

Evergy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Friday, May 23rd were given a $0.6675 dividend. The ex-dividend date was Friday, May 23rd. This represents a $2.67 annualized dividend and a yield of 3.97%. Evergy's dividend payout ratio is presently 70.26%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on EVRG. Barclays dropped their price target on shares of Evergy from $73.00 to $71.00 and set an "overweight" rating for the company in a research note on Friday, May 30th. Citigroup increased their price target on shares of Evergy from $77.00 to $79.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Wall Street Zen cut shares of Evergy from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Jefferies Financial Group set a $78.00 price objective on shares of Evergy and gave the stock a "buy" rating in a research report on Tuesday, June 10th. Finally, UBS Group raised shares of Evergy from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $68.00 to $78.00 in a research report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Evergy presently has an average rating of "Moderate Buy" and a consensus target price of $73.19.

Evergy 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.