Duality Advisers LP Trims Stock Position in Evergy, Inc. (NYSE:EVRG)

Duality Advisers LP trimmed its position in Evergy, Inc. (NYSE:EVRG - Free Report) by 85.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,981 shares of the company's stock after selling 66,513 shares during the quarter. Duality Advisers LP's holdings in Evergy were worth $573,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of EVRG. Exchange Traded Concepts LLC raised its stake in shares of Evergy by 3.1% in the third quarter. Exchange Traded Concepts LLC now owns 10,457 shares of the company's stock worth $530,000 after purchasing an additional 311 shares during the last quarter. Caprock Group LLC raised its stake in shares of Evergy by 4.0% in the third quarter. Caprock Group LLC now owns 5,751 shares of the company's stock worth $292,000 after purchasing an additional 222 shares during the last quarter. Czech National Bank raised its position in Evergy by 47.7% during the third quarter. Czech National Bank now owns 40,147 shares of the company's stock valued at $2,035,000 after acquiring an additional 12,958 shares in the last quarter. Spirit of America Management Corp NY raised its position in Evergy by 62.5% during the third quarter. Spirit of America Management Corp NY now owns 1,300 shares of the company's stock valued at $66,000 after acquiring an additional 500 shares in the last quarter. Finally, Valeo Financial Advisors LLC purchased a new position in Evergy during the third quarter valued at approximately $247,000. 87.24% of the stock is currently owned by hedge funds and other institutional investors.

Evergy Price Performance

EVRG traded down $0.73 during trading on Friday, hitting $51.69. The company's stock had a trading volume of 1,191,583 shares, compared to its average volume of 2,531,154. The company has a current ratio of 0.51, a quick ratio of 0.29 and a debt-to-equity ratio of 1.14. Evergy, Inc. has a twelve month low of $46.92 and a twelve month high of $63.39. The business's fifty day simple moving average is $51.36 and its 200 day simple moving average is $50.99. The firm has a market capitalization of $11.88 billion, a price-to-earnings ratio of 16.25, a P/E/G ratio of 2.73 and a beta of 0.57.

Evergy (NYSE:EVRG - Get Free Report) last issued its quarterly earnings data on Thursday, February 29th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.03). The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.46 billion. Evergy had a net margin of 13.28% and a return on equity of 8.47%. During the same period in the previous year, the business posted $0.30 earnings per share. On average, equities research analysts forecast that Evergy, Inc. will post 3.84 EPS for the current fiscal year.

Evergy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Monday, March 11th were paid a $0.6425 dividend. This represents a $2.57 dividend on an annualized basis and a dividend yield of 4.97%. The ex-dividend date was Friday, March 8th. Evergy's dividend payout ratio is presently 80.82%.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Wells Fargo & Company reduced their price target on Evergy from $60.00 to $57.00 and set an "overweight" rating for the company in a research report on Friday, March 1st. LADENBURG THALM/SH SH assumed coverage on Evergy in a research report on Thursday, April 4th. They set a "neutral" rating and a $51.00 price target for the company. Guggenheim cut Evergy from a "buy" rating to a "neutral" rating and set a $52.00 price target for the company. in a research report on Monday, January 22nd. Citigroup assumed coverage on Evergy in a research report on Tuesday, March 26th. They set a "buy" rating and a $64.00 price target for the company. Finally, Bank of America upgraded Evergy from a "neutral" rating to a "buy" rating and lifted their price target for the company from $51.00 to $57.00 in a research report on Wednesday, March 13th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $56.00.

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.