Two Sigma Securities LLC Takes $659,000 Position in Evergy, Inc. (NASDAQ:EVRG)

Two Sigma Securities LLC acquired a new position in Evergy, Inc. (NASDAQ:EVRG - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 10,712 shares of the company's stock, valued at approximately $659,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Lee Danner & Bass Inc. purchased a new position in shares of Evergy during the 4th quarter valued at about $26,000. National Pension Service purchased a new position in Evergy during the fourth quarter valued at approximately $30,000. Bank of Jackson Hole Trust acquired a new position in Evergy in the fourth quarter valued at approximately $31,000. Sandy Spring Bank boosted its position in Evergy by 5,983.3% in the 4th quarter. Sandy Spring Bank now owns 730 shares of the company's stock worth $45,000 after purchasing an additional 718 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Evergy during the 4th quarter worth approximately $49,000. 87.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on EVRG shares. Barclays boosted their target price on shares of Evergy from $72.00 to $73.00 and gave the company an "overweight" rating in a research note on Tuesday, April 22nd. UBS Group upgraded shares of Evergy from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $68.00 to $78.00 in a research report on Monday. LADENBURG THALM/SH SH upgraded Evergy to a "strong-buy" rating in a research report on Monday, March 17th. Finally, Guggenheim raised Evergy from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $70.92.

Evergy Price Performance

Shares of NASDAQ EVRG traded down $0.19 during trading on Thursday, hitting $68.91. The company had a trading volume of 546,793 shares, compared to its average volume of 1,952,658. Evergy, Inc. has a fifty-two week low of $52.10 and a fifty-two week high of $70.30. The company has a quick ratio of 0.32, a current ratio of 0.55 and a debt-to-equity ratio of 1.15. The stock has a fifty day simple moving average of $67.39 and a two-hundred day simple moving average of $64.40. The firm has a market capitalization of $15.85 billion, a price-to-earnings ratio of 18.62, a price-to-earnings-growth ratio of 2.82 and a beta of 0.52.

Evergy (NASDAQ:EVRG - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.11). Evergy had a return on equity of 8.77% and a net margin of 14.77%. The firm had revenue of $1.26 billion for the quarter, compared to analysts' expectations of $1.24 billion. On average, research analysts expect that Evergy, Inc. will post 3.83 earnings per share for the current year.

Evergy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were given a $0.6675 dividend. The ex-dividend date was Monday, March 10th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 3.87%. Evergy's dividend payout ratio (DPR) is presently 70.45%.

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.