Two Sigma Investments LP Sells 265,270 Shares of Evergy, Inc. (NASDAQ:EVRG)

Two Sigma Investments LP decreased its position in shares of Evergy, Inc. (NASDAQ:EVRG - Free Report) by 21.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 997,500 shares of the company's stock after selling 265,270 shares during the period. Two Sigma Investments LP owned about 0.43% of Evergy worth $61,396,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings 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 purchasing an additional 221,086 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Evergy by 2.3% during the 4th 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 boosted its stake in Evergy by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 5,637,257 shares of the company's stock valued at $346,063,000 after buying an additional 133,641 shares in the last quarter. American Century Companies Inc. grew its position in Evergy by 3.8% in the fourth quarter. American Century Companies Inc. now owns 3,555,122 shares of the company's stock valued at $218,818,000 after acquiring an additional 130,804 shares during the last quarter. Finally, Federated Hermes Inc. grew its position in Evergy by 2.2% in the fourth quarter. Federated Hermes Inc. now owns 3,434,216 shares of the company's stock valued at $211,376,000 after acquiring an additional 73,066 shares during the last quarter. 87.24% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on EVRG. Guggenheim raised shares of Evergy from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. Citigroup increased their price objective on shares of Evergy from $77.00 to $79.00 and gave the company a "buy" rating in a research note on Friday. Barclays boosted their target price on shares of Evergy from $72.00 to $73.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 22nd. LADENBURG THALM/SH SH upgraded shares of Evergy to a "strong-buy" rating in a report on Thursday, May 8th. Finally, UBS Group raised Evergy from a "neutral" rating to a "buy" rating and raised their price objective for the company from $68.00 to $78.00 in a report on Monday, April 28th. Eight research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $72.44.

Evergy Price Performance

EVRG stock opened at $67.12 on Tuesday. The company has a market capitalization of $15.44 billion, a P/E ratio of 18.14, a PEG ratio of 2.82 and a beta of 0.53. The company has a fifty day moving average price of $67.32 and a 200-day moving average price of $65.03. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.55. Evergy, Inc. has a 52-week low of $52.10 and a 52-week high of $70.36.

Evergy (NASDAQ:EVRG - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.12). Evergy had a return on equity of 8.77% and a net margin of 14.77%. The company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the prior year, the business earned $0.54 earnings per share. As a group, equities analysts expect that Evergy, Inc. will post 3.83 EPS for the current year.

Evergy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, May 23rd will be paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 3.98%. The ex-dividend date is Friday, May 23rd. Evergy's dividend payout ratio is currently 70.26%.

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.

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