Two Sigma Investments LP Lowers Holdings in Evergy, Inc. (NASDAQ:EVRG)

Two Sigma Investments LP cut its holdings in shares of Evergy, Inc. (NASDAQ:EVRG - Free Report) by 21.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 997,500 shares of the company's stock after selling 265,270 shares during the quarter. Two Sigma Investments LP owned 0.43% of Evergy worth $61,396,000 at the end of the most recent quarter.

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

Evergy Trading Down 0.2%

EVRG stock traded down $0.12 on Friday, reaching $65.80. The company's stock had a trading volume of 1,502,951 shares, compared to its average volume of 1,976,588. The business has a fifty day simple moving average of $67.26 and a two-hundred day simple moving average of $65.16. Evergy, Inc. has a 12-month low of $52.10 and a 12-month high of $70.36. The firm has a market cap of $15.14 billion, a PE ratio of 17.78, a PEG ratio of 2.82 and a beta of 0.53. 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 (NASDAQ:EVRG - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.12). The firm had revenue of $1.37 billion for the quarter, compared to analysts' expectations of $1.21 billion. Evergy had a net margin of 14.77% and a return on equity of 8.77%. During the same period in the prior year, the business posted $0.54 EPS. As a group, research analysts forecast that Evergy, Inc. will post 3.83 EPS for the current year.

Evergy Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on EVRG shares. 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 target price on the stock. Citigroup raised their target price on shares of Evergy from $77.00 to $79.00 and gave the stock a "buy" rating in a report on Friday, May 16th. UBS Group upgraded shares of Evergy from a "neutral" rating to a "buy" rating and raised their target price for the stock from $68.00 to $78.00 in a report on Monday, April 28th. Barclays raised their target price on shares of Evergy from $72.00 to $73.00 and gave the stock an "overweight" rating in a report on Tuesday, April 22nd. Finally, Wall Street Zen cut shares of Evergy from a "hold" rating to a "sell" rating in a report on Thursday. 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $72.44.

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.