DRW Securities LLC Sells 68,608 Shares of Evergy, Inc. (NASDAQ:EVRG)

DRW Securities LLC cut its holdings in Evergy, Inc. (NASDAQ:EVRG - Free Report) by 48.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,900 shares of the company's stock after selling 68,608 shares during the quarter. DRW Securities LLC's holdings in Evergy were worth $4,425,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of EVRG. HighTower Advisors LLC raised its position in Evergy by 391.1% during the third quarter. HighTower Advisors LLC now owns 97,186 shares of the company's stock worth $6,030,000 after acquiring an additional 77,398 shares during the last quarter. Allworth Financial LP grew its holdings in shares of Evergy by 84.6% during the 4th quarter. Allworth Financial LP now owns 7,975 shares of the company's stock worth $501,000 after purchasing an additional 3,654 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of Evergy during the 4th quarter valued at $49,000. Hennion & Walsh Asset Management Inc. boosted its position in shares of Evergy by 23.1% in 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. Finally, SG Americas Securities LLC boosted its stake in shares of Evergy by 15,406.4% in the fourth quarter. SG Americas Securities LLC now owns 921,546 shares of the company's stock valued at $56,721,000 after purchasing an additional 915,603 shares during the period. Institutional investors and hedge funds own 87.24% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research firms recently commented on EVRG. Barclays lifted their price target on Evergy from $62.00 to $72.00 and gave the stock an "overweight" rating in a research note on Friday, March 7th. LADENBURG THALM/SH SH upgraded shares of Evergy to a "strong-buy" rating in a research note on Monday, March 17th. UBS Group increased their price target on Evergy from $66.00 to $68.00 and gave the company a "neutral" rating in a research note on Friday, March 21st. Finally, Guggenheim raised shares of Evergy from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $69.08.

Evergy Stock Up 1.3 %

Shares of Evergy stock traded up $0.86 during midday trading on Monday, hitting $67.38. The company's stock had a trading volume of 399,517 shares, compared to its average volume of 1,943,848. Evergy, Inc. has a 1-year low of $49.55 and a 1-year 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 firm has a market capitalization of $15.50 billion, a P/E ratio of 18.21, a PEG ratio of 2.82 and a beta of 0.52. The stock has a 50-day simple moving average of $66.94 and a 200-day simple moving average of $63.75.

Evergy (NASDAQ:EVRG - Get Free Report) last issued its earnings results on Thursday, February 27th. The company reported $0.35 earnings per share for the quarter, missing analysts' consensus estimates of $0.46 by ($0.11). The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.24 billion. Evergy had a net margin of 14.77% and a return on equity of 8.77%. As a group, sell-side 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 issued a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 3.96%. The ex-dividend date of this dividend was Monday, March 10th. Evergy's dividend payout ratio is currently 70.45%.

About Evergy

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.