Schonfeld Strategic Advisors LLC Sells 7,568 Shares of Evergy, Inc. (NASDAQ:EVRG)

Schonfeld Strategic Advisors LLC cut its stake in Evergy, Inc. (NASDAQ:EVRG - Free Report) by 67.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,601 shares of the company's stock after selling 7,568 shares during the period. Schonfeld Strategic Advisors LLC's holdings in Evergy were worth $222,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of EVRG. ExodusPoint Capital Management LP raised its stake in shares of Evergy by 164.8% in the 4th quarter. ExodusPoint Capital Management LP now owns 2,312,953 shares of the company's stock valued at $142,362,000 after buying an additional 1,439,450 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of Evergy by 15,406.4% in the 4th quarter. SG Americas Securities LLC now owns 921,546 shares of the company's stock valued at $56,721,000 after buying an additional 915,603 shares in the last quarter. Brandes Investment Partners LP acquired a new position in shares of Evergy in the 4th quarter valued at $55,652,000. Groupama Asset Managment raised its stake in shares of Evergy by 3,216.6% in the 4th quarter. Groupama Asset Managment now owns 880,768 shares of the company's stock valued at $54,211,000 after buying an additional 854,212 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Evergy in the 4th quarter valued at $32,488,000. 87.24% of the stock is owned by institutional investors.

Evergy Price Performance

EVRG traded up $1.23 during midday trading on Friday, hitting $66.93. The company had a trading volume of 2,287,145 shares, compared to its average volume of 1,965,057. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.55. The company has a market capitalization of $15.40 billion, a PE ratio of 18.09, a P/E/G ratio of 2.82 and a beta of 0.53. Evergy, Inc. has a twelve month low of $52.10 and a twelve month high of $70.36. The firm's 50-day simple moving average is $67.31 and its 200-day simple moving average is $64.91.

Evergy (NASDAQ:EVRG - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.54 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 business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the prior year, the firm earned $0.54 EPS. Equities research analysts predict that Evergy, Inc. will post 3.83 EPS for the current fiscal year.

Evergy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders 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 dividend yield of 3.99%. The ex-dividend date of this dividend is Friday, May 23rd. Evergy's dividend payout ratio is 70.26%.

Analysts Set New Price Targets

EVRG has been the subject of a number of recent research reports. Guggenheim upgraded shares of Evergy from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. UBS Group upgraded shares of Evergy from a "neutral" rating to a "buy" rating and increased their price objective for the company from $68.00 to $78.00 in a research note on Monday, April 28th. 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. LADENBURG THALM/SH SH upgraded shares of Evergy to a "strong-buy" rating in a research report on Thursday, May 8th. Finally, Barclays increased their target price on shares of Evergy from $72.00 to $73.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 22nd. Eight research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Evergy has an average rating of "Buy" and an average target price of $72.44.

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.