Virtu Financial LLC Sells 6,481 Shares of Evergy, Inc. (NASDAQ:EVRG)

Virtu Financial LLC lessened its stake in shares of Evergy, Inc. (NASDAQ:EVRG - Free Report) by 58.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,680 shares of the company's stock after selling 6,481 shares during the quarter. Virtu Financial LLC's holdings in Evergy were worth $288,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Lee Danner & Bass Inc. bought a new stake in Evergy during the fourth quarter valued at about $26,000. National Pension Service purchased a new position in shares of Evergy during the 4th quarter valued at about $30,000. Bank of Jackson Hole Trust purchased a new position in shares of Evergy during the 4th quarter valued at about $31,000. Truvestments Capital LLC bought a new position in shares of Evergy during the 3rd quarter valued at approximately $32,000. Finally, Sandy Spring Bank increased its holdings in Evergy by 5,983.3% in the 4th quarter. Sandy Spring Bank now owns 730 shares of the company's stock worth $45,000 after acquiring an additional 718 shares in the last quarter. 87.24% of the stock is currently owned by institutional investors.

Evergy Price Performance

Shares of EVRG traded up $0.06 during midday trading on Tuesday, hitting $69.01. 1,736,452 shares of the company traded hands, compared to its average volume of 1,908,059. The stock has a market cap of $15.87 billion, a price-to-earnings ratio of 18.65, a PEG ratio of 2.82 and a beta of 0.62. The firm has a 50 day moving average of $66.48 and a 200-day moving average of $63.46. 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, Inc. has a 52 week low of $49.55 and a 52 week high of $69.93.

Remove Ads

Evergy (NASDAQ:EVRG - Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.35 EPS for the quarter, missing analysts' consensus estimates of $0.46 by ($0.11). Evergy had a net margin of 14.77% and a return on equity of 8.77%. The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.24 billion. On average, analysts forecast that Evergy, Inc. will post 3.83 EPS for the current fiscal year.

Evergy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were given a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 3.87%. The ex-dividend date was Monday, March 10th. Evergy's dividend payout ratio is presently 70.45%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on EVRG. LADENBURG THALM/SH SH raised shares of Evergy to a "strong-buy" rating in a report on Monday, March 17th. Barclays lifted their target price on shares of Evergy from $62.00 to $72.00 and gave the company an "overweight" rating in a research note on Friday, March 7th. UBS Group increased their price target on Evergy from $66.00 to $68.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. Finally, Guggenheim raised Evergy from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. One 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's stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $69.08.

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.