Evergy, Inc. (NASDAQ:EVRG) Stock Position Boosted by SG Americas Securities LLC

SG Americas Securities LLC boosted its stake in Evergy, Inc. (NASDAQ:EVRG - Free Report) by 15,406.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 921,546 shares of the company's stock after purchasing an additional 915,603 shares during the quarter. SG Americas Securities LLC owned about 0.40% of Evergy worth $56,721,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Sunbelt Securities Inc. grew its holdings in shares of Evergy by 2.2% during the 3rd quarter. Sunbelt Securities Inc. now owns 7,778 shares of the company's stock worth $482,000 after purchasing an additional 168 shares during the period. Hexagon Capital Partners LLC lifted its position in Evergy by 47.1% during the third quarter. Hexagon Capital Partners LLC now owns 531 shares of the company's stock valued at $33,000 after buying an additional 170 shares in the last quarter. Empirical Finance LLC grew its stake in Evergy by 2.3% during the third quarter. Empirical Finance LLC now owns 7,751 shares of the company's stock worth $481,000 after buying an additional 171 shares during the period. Wealthcare Advisory Partners LLC increased its position in shares of Evergy by 2.5% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 7,322 shares of the company's stock worth $451,000 after acquiring an additional 182 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale raised its stake in shares of Evergy by 1.2% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 18,563 shares of the company's stock valued at $1,138,000 after acquiring an additional 212 shares during the period. 87.24% of the stock is currently owned by hedge funds and other institutional investors.

Evergy Stock Up 0.3 %

Shares of EVRG stock traded up $0.19 during mid-day trading on Thursday, reaching $63.06. 2,132,762 shares of the company were exchanged, compared to its average volume of 1,730,333. 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 business's 50 day simple moving average is $62.45 and its 200 day simple moving average is $60.46. The company has a market capitalization of $14.50 billion, a P/E ratio of 17.04, a P/E/G ratio of 2.78 and a beta of 0.64. Evergy, Inc. has a fifty-two week low of $48.04 and a fifty-two week high of $65.47.

Evergy (NASDAQ:EVRG - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The company reported $2.02 earnings per share for the quarter, topping the consensus estimate of $1.95 by $0.07. The company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $2.35 billion. Evergy had a net margin of 14.77% and a return on equity of 8.77%. The firm's revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period last year, the business earned $1.88 EPS. Research analysts predict that Evergy, Inc. will post 3.84 earnings per share for the current year.

Evergy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Thursday, November 21st were given a $0.6675 dividend. This is a positive change from Evergy's previous quarterly dividend of $0.64. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.67 annualized dividend and a dividend yield of 4.23%. Evergy's dividend payout ratio (DPR) is presently 72.16%.

Wall Street Analyst Weigh In

EVRG has been the subject of a number of research reports. Wells Fargo & Company upped their price target on shares of Evergy from $65.00 to $69.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 16th. Mizuho began coverage on Evergy in a research note on Tuesday, October 29th. They issued an "outperform" rating and a $67.00 target price for the company. Guggenheim upgraded Evergy from a "neutral" rating to a "buy" rating in a report on Thursday. LADENBURG THALM/SH SH upgraded Evergy from a "neutral" rating to a "buy" rating and upped their price target for the stock from $59.00 to $68.50 in a report on Thursday, January 2nd. Finally, Barclays dropped their price objective on shares of Evergy from $67.00 to $65.00 and set an "overweight" rating on the stock in a research note on Monday, October 21st. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $65.79.

Insider Activity

In other news, EVP Kevin E. Bryant sold 48,141 shares of Evergy stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $62.93, for a total value of $3,029,513.13. Following the completion of the transaction, the executive vice president now directly owns 1 shares of the company's stock, valued at approximately $62.93. The trade was a 100.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.47% of the company's stock.

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.