Evergy, Inc. (NASDAQ:EVRG) Stock Position Decreased by Jane Street Group LLC

Jane Street Group LLC cut its holdings in shares of Evergy, Inc. (NASDAQ:EVRG - Free Report) by 50.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 45,836 shares of the company's stock after selling 47,168 shares during the quarter. Jane Street Group LLC's holdings in Evergy were worth $2,821,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Allworth Financial LP grew its position in 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 acquiring an additional 3,654 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in Evergy in the fourth quarter valued at approximately $49,000. Hennion & Walsh Asset Management Inc. boosted its stake in shares of Evergy by 23.1% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 10,692 shares of the company's stock worth $658,000 after buying an additional 2,004 shares during the period. SG Americas Securities LLC raised its stake in shares of Evergy by 15,406.4% during the fourth quarter. SG Americas Securities LLC now owns 921,546 shares of the company's stock worth $56,721,000 after purchasing an additional 915,603 shares during the last quarter. Finally, Kingsview Wealth Management LLC acquired a new stake in shares of Evergy in the 4th quarter worth $214,000. 87.24% of the stock is currently owned by institutional investors and hedge funds.

Evergy Stock Performance

Shares of EVRG traded up $0.43 during trading hours on Tuesday, reaching $67.55. 278,421 shares of the company's stock traded hands, compared to its average volume of 1,958,651. The business's fifty day simple moving average is $67.32 and its two-hundred day simple moving average is $65.03. The firm has a market capitalization of $15.54 billion, a price-to-earnings ratio of 18.23, a P/E/G ratio of 2.82 and a beta of 0.53. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.55 and a quick ratio of 0.32. Evergy, Inc. has a twelve month low of $52.10 and a twelve month high of $70.36.

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

Evergy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Investors 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 3.95%. The ex-dividend date of this dividend is Friday, May 23rd. Evergy's payout ratio is 70.26%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Guggenheim raised shares of Evergy from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. UBS Group raised Evergy from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $68.00 to $78.00 in a research report on Monday, April 28th. Barclays boosted their target price on Evergy from $72.00 to $73.00 and gave the stock an "overweight" rating in a report on Tuesday, April 22nd. Citigroup boosted their target price on shares of Evergy from $77.00 to $79.00 and gave the stock a "buy" rating in a research report on Friday. Finally, BMO Capital Markets started coverage on shares of Evergy in a research note on Tuesday, May 13th. They issued an "outperform" rating and a $75.00 target price on the stock. Eight research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus 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.