Two Sigma Advisers LP Boosts Stock Position in Evergy, Inc. (NASDAQ:EVRG)

Two Sigma Advisers LP raised its stake in Evergy, Inc. (NASDAQ:EVRG - Free Report) by 12.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,417,100 shares of the company's stock after buying an additional 161,000 shares during the period. Two Sigma Advisers LP owned about 0.62% of Evergy worth $87,223,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of Evergy by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 30,665,885 shares of the company's stock valued at $1,887,485,000 after buying an additional 221,086 shares during the last quarter. Franklin Resources Inc. raised its stake in Evergy by 2.3% during the fourth quarter. Franklin Resources Inc. now owns 5,660,930 shares of the company's stock worth $348,430,000 after buying an additional 128,211 shares during the last quarter. Geode Capital Management LLC raised its stake in Evergy by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 5,637,257 shares of the company's stock worth $346,063,000 after buying an additional 133,641 shares during the last quarter. American Century Companies Inc. raised its stake in Evergy by 3.8% during the fourth quarter. American Century Companies Inc. now owns 3,555,122 shares of the company's stock worth $218,818,000 after buying an additional 130,804 shares during the last quarter. Finally, Federated Hermes Inc. raised its stake in Evergy by 2.2% during the fourth quarter. Federated Hermes Inc. now owns 3,434,216 shares of the company's stock worth $211,376,000 after buying an additional 73,066 shares during the last quarter. Institutional investors own 87.24% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on EVRG shares. UBS Group raised shares of Evergy from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $68.00 to $78.00 in a research note on Monday, April 28th. Wall Street Zen cut shares of Evergy from a "hold" rating to a "sell" rating in a report on Thursday. Citigroup raised their price target on shares of Evergy from $77.00 to $79.00 and gave the stock a "buy" rating in a report on Friday, May 16th. BMO Capital Markets started coverage on shares of Evergy in a report on Tuesday, May 13th. They issued an "outperform" rating and a $75.00 price target for the company. Finally, LADENBURG THALM/SH SH upgraded shares of Evergy to a "strong-buy" rating in a report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $72.44.

Evergy Stock Down 0.2%

EVRG stock traded down $0.12 during mid-day trading on Friday, reaching $65.80. 1,502,951 shares of the company traded hands, compared to its average volume of 1,973,449. The stock has a market cap of $15.14 billion, a price-to-earnings ratio of 17.78, a P/E/G ratio of 2.82 and a beta of 0.53. The company has a quick ratio of 0.32, a current ratio of 0.55 and a debt-to-equity ratio of 1.15. Evergy, Inc. has a fifty-two week low of $52.10 and a fifty-two week high of $70.36. The firm's 50 day moving average price is $67.26 and its 200 day moving average price is $65.13.

Evergy (NASDAQ:EVRG - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.66 by ($0.12). The company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.21 billion. Evergy had a net margin of 14.77% and a return on equity of 8.77%. During the same quarter last year, the firm posted $0.54 EPS. As a group, equities research analysts predict that Evergy, Inc. will post 3.83 EPS for the current fiscal year.

Evergy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, May 23rd will be issued a $0.6675 dividend. The ex-dividend date is Friday, May 23rd. This represents a $2.67 annualized dividend and a dividend yield of 4.06%. Evergy's dividend payout ratio is currently 70.26%.

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.