Two Sigma Securities LLC Sells 15,524 Shares of Evergy Inc. $EVRG

Key Points

• Two Sigma Securities cut its Evergy stake by 62.9% in the second quarter, selling 15,524 shares and retaining 9,161 shares valued at approximately $792,000. Institutional investors collectively own 87.24% of Evergy.
• Analysts remain broadly positive, with eight Buy ratings and three Holds, producing a “Moderate Buy” consensus and an average price target of $90.60 versus the stock’s reported $81.52 opening price.
• Evergy exceeded quarterly expectations, reporting $0.88 EPS and $1.50 billion in revenue. The company also declared a quarterly dividend of $0.695 per share, equating to a 3.4% yield and $2.78 annualized payout.

Two Sigma Securities LLC decreased its holdings in shares of Evergy Inc. (NASDAQ:EVRG - Free Report) by 62.9% during the second quarter, according to its most recent filing with the SEC. The firm owned 9,161 shares of the company's stock after selling 15,524 shares during the period. Two Sigma Securities LLC's holdings in Evergy were worth $792,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Kestra Advisory Services LLC lifted its position in shares of Evergy by 0.8% in the 1st quarter. Kestra Advisory Services LLC now owns 15,829 shares of the company's stock worth $1,297,000 after purchasing an additional 124 shares during the period. Trilogy Capital Inc. lifted its holdings in Evergy by 0.3% during the second quarter. Trilogy Capital Inc. now owns 47,210 shares of the company's stock worth $4,080,000 after buying an additional 125 shares during the period. Retirement Planning Group LLC boosted its position in Evergy by 0.6% during the 1st quarter. Retirement Planning Group LLC now owns 23,659 shares of the company's stock valued at $1,938,000 after acquiring an additional 137 shares in the last quarter. Earned Wealth Advisors LLC boosted its position in Evergy by 4.9% during the 1st quarter. Earned Wealth Advisors LLC now owns 2,946 shares of the company's stock valued at $241,000 after acquiring an additional 137 shares in the last quarter. Finally, Optiver Holding B.V. increased its holdings in shares of Evergy by 14.5% in the 1st quarter. Optiver Holding B.V. now owns 1,107 shares of the company's stock valued at $91,000 after acquiring an additional 140 shares during the period. Institutional investors own 87.24% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on EVRG shares. UBS Group boosted their price target on Evergy from $88.00 to $91.00 and gave the stock a "neutral" rating in a research report on Friday, May 8th. BTIG Research set a $97.00 price objective on Evergy in a research report on Thursday, July 23rd. Weiss Ratings reiterated a "buy (b)" rating on shares of Evergy in a research note on Friday, August 7th. Barclays boosted their target price on shares of Evergy from $89.00 to $94.00 and gave the stock an "overweight" rating in a report on Tuesday, June 30th. Finally, BMO Capital Markets raised their price target on shares of Evergy from $88.00 to $92.00 and gave the company an "outperform" rating in a report on Wednesday, July 22nd. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $90.60.

Evergy Trading Up 0.6%

Evergy stock opened at $81.52 on Wednesday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.21 and a current ratio of 0.36. The stock has a market cap of $18.80 billion, a PE ratio of 20.69, a price-to-earnings-growth ratio of 2.10 and a beta of 0.53. The stock has a 50-day moving average of $84.50 and a two-hundred day moving average of $83.04. Evergy Inc. has a one year low of $70.42 and a one year high of $88.62.

Evergy (NASDAQ:EVRG - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.88 earnings per share for the quarter, topping analysts' consensus estimates of $0.81 by $0.07. Evergy had a return on equity of 9.20% and a net margin of 15.19%.The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the previous year, the firm earned $0.82 earnings per share. On average, research analysts anticipate that Evergy Inc. will post 4.25 EPS for the current fiscal year.

Evergy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Tuesday, August 18th will be given a dividend of $0.695 per share. This represents a $2.78 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Tuesday, August 18th. Evergy's payout ratio is currently 70.56%.

Insiders Place Their Bets

In other Evergy news, EVP Charles A. Caisley sold 10,787 shares of the business's stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $83.46, for a total transaction of $900,283.02. Following the sale, the executive vice president owned 37,789 shares of the company's stock, valued at approximately $3,153,869.94. The trade was a 22.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 1.52% of the company's stock.

About Evergy

Evergy, Inc is a regulated electric utility that generates, transmits and distributes electricity to residential, commercial and industrial customers primarily across Kansas and western Missouri. The company provides core utility services including retail electric delivery, grid operations, customer service and outage restoration, operating under state regulatory frameworks. Evergy serves a mix of urban and rural communities, including portions of the Kansas City metropolitan area and other population centers in its service territory.

The company's business activities span power generation, system planning, transmission and distribution infrastructure, and customer-facing programs such as energy efficiency and demand-side management.

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