Y Intercept Hong Kong Ltd Sells 14,620 Shares of Evergy, Inc. (NASDAQ:EVRG)

Y Intercept Hong Kong Ltd lowered its position in Evergy, Inc. (NASDAQ:EVRG - Free Report) by 66.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 7,449 shares of the company's stock after selling 14,620 shares during the period. Y Intercept Hong Kong Ltd's holdings in Evergy were worth $462,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Millennium Management LLC raised its position in shares of Evergy by 38.6% during the second quarter. Millennium Management LLC now owns 3,683,000 shares of the company's stock valued at $195,089,000 after buying an additional 1,026,374 shares during the last quarter. Federated Hermes Inc. grew its stake in Evergy by 18.8% during the second quarter. Federated Hermes Inc. now owns 3,490,674 shares of the company's stock valued at $184,901,000 after acquiring an additional 552,455 shares in the last quarter. Point72 Asset Management L.P. grew its stake in Evergy by 25.8% during the third quarter. Point72 Asset Management L.P. now owns 2,848,735 shares of the company's stock valued at $176,650,000 after acquiring an additional 583,923 shares in the last quarter. Pathway Financial Advisers LLC increased its holdings in Evergy by 6,854.6% in the 3rd quarter. Pathway Financial Advisers LLC now owns 2,539,001 shares of the company's stock valued at $157,443,000 after acquiring an additional 2,502,493 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Evergy by 42.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,135,011 shares of the company's stock worth $132,392,000 after purchasing an additional 634,735 shares in the last quarter. Institutional investors own 87.24% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on EVRG shares. Barclays cut their price objective on Evergy from $67.00 to $65.00 and set an "overweight" rating for the company in a research report on Monday, October 21st. UBS Group upgraded Evergy to a "hold" rating in a research report on Wednesday, September 18th. Mizuho started coverage on shares of Evergy in a report on Tuesday, October 29th. They issued an "outperform" rating and a $67.00 target price for the company. Wells Fargo & Company upped their price target on shares of Evergy from $65.00 to $69.00 and gave the company an "overweight" rating in a research note on Wednesday, October 16th. Finally, Jefferies Financial Group assumed coverage on shares of Evergy in a research note on Thursday, September 19th. They issued a "buy" rating and a $70.00 price objective for the company. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $61.88.

Evergy Trading Down 0.8 %

EVRG stock traded down $0.49 during mid-day trading on Monday, reaching $61.42. 1,778,807 shares of the stock traded hands, compared to its average volume of 2,045,723. The stock has a market capitalization of $14.13 billion, a PE ratio of 16.60, a PEG ratio of 2.77 and a beta of 0.64. Evergy, Inc. has a one year low of $48.04 and a one year high of $65.47. The business has a 50-day moving average price of $62.11 and a two-hundred day moving average price of $58.89. 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 announced its quarterly earnings data on Thursday, November 7th. The company reported $2.02 EPS for the quarter, beating the consensus estimate of $1.95 by $0.07. Evergy had a return on equity of 8.77% and a net margin of 14.77%. The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $2.35 billion. During the same quarter in the prior year, the company posted $1.88 EPS. Evergy's quarterly revenue was up 8.5% on a year-over-year basis. Equities research analysts expect that Evergy, Inc. will post 3.85 EPS for the current year.

Evergy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Thursday, November 21st will be paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 4.35%. The ex-dividend date is Thursday, November 21st. This is an increase from Evergy's previous quarterly dividend of $0.64. Evergy's payout ratio is currently 72.16%.

Insider Activity at Evergy

In other news, EVP Kevin E. Bryant sold 48,141 shares of the business's 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 sale, the executive vice president now owns 1 shares in the company, valued at approximately $62.93. The trade was a 100.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.47% of the stock is owned by company insiders.

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.