Trexquant Investment LP grew its position in shares of Evergy, Inc. (NASDAQ:EVRG - Free Report) by 241.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 115,211 shares of the company's stock after acquiring an additional 81,486 shares during the quarter. Trexquant Investment LP owned about 0.05% of Evergy worth $7,091,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Geode Capital Management LLC lifted its position in Evergy by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 5,637,257 shares of the company's stock valued at $346,063,000 after purchasing an additional 133,641 shares during the last quarter. Diametric Capital LP purchased a new stake in shares of Evergy during the 4th quarter valued at about $218,000. Tradewinds LLC. bought a new position in shares of Evergy in the 4th quarter valued at about $236,000. National Bank of Canada FI grew its position in Evergy by 24.8% in the fourth quarter. National Bank of Canada FI now owns 339,685 shares of the company's stock worth $20,908,000 after acquiring an additional 67,556 shares in the last quarter. Finally, HighPoint Advisor Group LLC grew its position in Evergy by 21.6% in the fourth quarter. HighPoint Advisor Group LLC now owns 10,381 shares of the company's stock worth $687,000 after acquiring an additional 1,846 shares in the last quarter. 87.24% of the stock is owned by hedge funds and other institutional investors.
Evergy Trading Up 1.0 %
Evergy stock traded up $0.66 during mid-day trading on Wednesday, hitting $65.17. The company's stock had a trading volume of 5,439,365 shares, compared to its average volume of 1,943,887. Evergy, Inc. has a one year low of $49.55 and a one year high of $70.30. The stock has a market cap of $14.99 billion, a PE ratio of 17.61, a P/E/G ratio of 2.82 and a beta of 0.52. The company has a 50 day moving average of $66.88 and a 200-day moving average of $63.68. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.55.
Evergy (NASDAQ:EVRG - Get Free Report) last posted its quarterly 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 company had revenue of $1.26 billion during the quarter, compared to analysts' expectations of $1.24 billion. Evergy had a return on equity of 8.77% and a net margin of 14.77%. On average, research analysts anticipate that Evergy, Inc. will post 3.83 EPS for the current year.
Evergy Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were paid a $0.6675 dividend. The ex-dividend date was Monday, March 10th. This represents a $2.67 annualized dividend and a yield of 4.10%. Evergy's dividend payout ratio (DPR) is currently 70.45%.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on EVRG shares. LADENBURG THALM/SH SH raised Evergy to a "strong-buy" rating in a research note on Monday, March 17th. Guggenheim raised shares of Evergy from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. UBS Group boosted their price objective on shares of Evergy from $66.00 to $68.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. Finally, Barclays raised their target price on shares of Evergy from $62.00 to $72.00 and gave the stock an "overweight" rating in a report on Friday, March 7th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Evergy presently has a consensus rating of "Buy" and a consensus price target of $69.08.
Check Out Our Latest Stock Analysis on Evergy
About Evergy
(
Free Report)
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.
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