Headlands Technologies LLC Sells 4,517 Shares of Evergy, Inc. (NASDAQ:EVRG)

Headlands Technologies LLC cut its stake in shares of Evergy, Inc. (NASDAQ:EVRG - Free Report) by 7.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 60,351 shares of the company's stock after selling 4,517 shares during the period. Headlands Technologies LLC's holdings in Evergy were worth $3,715,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in EVRG. Lee Danner & Bass Inc. bought a new position in shares of Evergy in the 4th quarter valued at about $26,000. National Pension Service acquired a new stake in Evergy during the 4th quarter valued at $30,000. Bank of Jackson Hole Trust bought a new position in Evergy during the fourth quarter worth $31,000. Sandy Spring Bank increased its holdings in shares of Evergy by 5,983.3% in the fourth quarter. Sandy Spring Bank now owns 730 shares of the company's stock valued at $45,000 after purchasing an additional 718 shares during the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in shares of Evergy in the fourth quarter valued at about $49,000. 87.24% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on EVRG. UBS Group upped their price target on shares of Evergy from $66.00 to $68.00 and gave the company a "neutral" rating in a research note on Friday, March 21st. LADENBURG THALM/SH SH upgraded Evergy to a "strong-buy" rating in a research note on Monday, March 17th. Guggenheim upgraded Evergy from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. Finally, Barclays increased their price objective on Evergy from $62.00 to $72.00 and gave the stock an "overweight" rating in a research report on Friday, March 7th. One research 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. According to MarketBeat, Evergy currently has an average rating of "Buy" and an average price target of $69.08.

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Evergy Price Performance

Shares of NASDAQ EVRG traded down $3.03 during mid-day trading on Friday, reaching $66.18. The company had a trading volume of 4,851,233 shares, compared to its average volume of 1,917,072. Evergy, Inc. has a one year low of $49.55 and a one year high of $70.30. The business's 50-day simple moving average is $66.79 and its 200 day simple moving average is $63.58. 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 firm has a market cap of $15.22 billion, a price-to-earnings ratio of 17.89, a PEG ratio of 2.82 and a beta of 0.52.

Evergy (NASDAQ:EVRG - Get Free Report) last issued its earnings results on Thursday, February 27th. The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.11). The firm 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%. On average, research analysts predict that Evergy, Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Announces Dividend

The firm 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. The ex-dividend date was Monday, March 10th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.03%. Evergy's dividend payout ratio (DPR) is currently 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.