Evergy, Inc. (NASDAQ:EVRG) Short Interest Update

Evergy, Inc. (NASDAQ:EVRG - Get Free Report) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totalling 9,680,000 shares, an increase of 6.8% from the December 31st total of 9,060,000 shares. Based on an average trading volume of 1,790,000 shares, the days-to-cover ratio is presently 5.4 days. Currently, 4.3% of the company's stock are sold short.

Insider Buying and Selling

In other Evergy news, EVP Kevin E. Bryant sold 48,141 shares of the firm's stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $62.93, for a total transaction 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 $62.93. This trade represents a 100.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.26% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EVRG. HighTower Advisors LLC grew its holdings in shares of Evergy by 391.1% during the 3rd quarter. HighTower Advisors LLC now owns 97,186 shares of the company's stock valued at $6,030,000 after acquiring an additional 77,398 shares in the last quarter. Bank of Montreal Can grew its stake in Evergy by 29.1% in the third quarter. Bank of Montreal Can now owns 997,832 shares of the company's stock valued at $61,806,000 after purchasing an additional 224,679 shares in the last quarter. BNP Paribas Financial Markets increased its position in Evergy by 34.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 945,148 shares of the company's stock worth $58,609,000 after purchasing an additional 239,599 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in shares of Evergy by 23.1% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 10,692 shares of the company's stock worth $658,000 after purchasing an additional 2,004 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Evergy by 2.9% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 515,306 shares of the company's stock valued at $31,954,000 after buying an additional 14,383 shares during the last quarter. 87.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Guggenheim raised Evergy from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. Barclays reduced their price objective on Evergy from $65.00 to $62.00 and set an "overweight" rating on the stock in a research note on Monday, January 27th. Wells Fargo & Company increased their target price on shares of Evergy from $65.00 to $69.00 and gave the stock an "overweight" rating in a report on Wednesday, October 16th. LADENBURG THALM/SH SH raised shares of Evergy from a "neutral" rating to a "buy" rating and lifted their price target for the company from $59.00 to $68.50 in a report on Thursday, January 2nd. Finally, Mizuho started coverage on shares of Evergy in a research note on Tuesday, October 29th. They set an "outperform" rating and a $67.00 price objective on the stock. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $65.36.

Evergy Stock Down 0.5 %

Shares of Evergy stock traded down $0.33 during midday trading on Friday, hitting $65.19. The company's stock had a trading volume of 729,991 shares, compared to its average volume of 1,758,527. Evergy has a 1-year low of $48.04 and a 1-year high of $65.80. 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 $14.99 billion, a P/E ratio of 17.62, a PEG ratio of 2.69 and a beta of 0.66. The stock has a 50-day simple moving average of $62.41 and a 200-day simple moving average of $61.14.

Evergy (NASDAQ:EVRG - Get Free Report) last released its earnings results on Thursday, November 7th. The company reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.95 by $0.07. The company had revenue of $1.81 billion for the quarter, compared to analysts' expectations of $2.35 billion. Evergy had a return on equity of 8.77% and a net margin of 14.77%. The business's revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.88 EPS. As a group, sell-side analysts expect that Evergy will post 3.84 earnings per share for the current year.

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.