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

Evergy, Inc. (NASDAQ:EVRG) 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 daily volume of 1,790,000 shares, the short-interest ratio is presently 5.4 days. Approximately 4.3% of the company’s stock are short sold.

Insider Transactions at Evergy

In other news, EVP Kevin E. Bryant sold 48,141 shares of the company’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 sale, the executive vice president now owns 1 shares in the company, valued at approximately $62.93. This represents a 100.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.26% of the company’s stock.

Hedge Funds Weigh In On Evergy

Large investors have recently made changes to their positions in the business. Bank of Jackson Hole Trust purchased a new position in Evergy during the 4th quarter valued at about $31,000. Truvestments Capital LLC bought a new stake in shares of Evergy during the 3rd quarter worth $32,000. Hexagon Capital Partners LLC grew its position in shares of Evergy by 47.1% in the third quarter. Hexagon Capital Partners LLC now owns 531 shares of the company’s stock valued at $33,000 after purchasing an additional 170 shares during the last quarter. Sentry Investment Management LLC bought a new position in Evergy in the 3rd quarter worth approximately $51,000. Finally, USA Financial Formulas acquired a new position in Evergy during the 4th quarter valued at $73,000. Institutional investors own 87.24% of the company’s stock.

Evergy Stock Performance

NASDAQ EVRG traded down $0.22 on Tuesday, hitting $64.65. The stock had a trading volume of 291,003 shares, compared to its average volume of 1,754,631. The company’s 50-day moving average is $62.41 and its two-hundred day moving average is $61.02. Evergy has a one year low of $48.04 and a one year high of $65.47. The stock has a market cap of $14.87 billion, a price-to-earnings ratio of 17.49, a P/E/G ratio of 2.69 and a beta of 0.66. The company has a quick ratio of 0.32, a current ratio of 0.55 and a debt-to-equity ratio of 1.15.

Evergy (NASDAQ:EVRG) last issued its quarterly earnings data on Thursday, November 7th. The company reported $2.02 earnings per share for the quarter, beating analysts’ consensus estimates of $1.95 by $0.07. Evergy had a net margin of 14.77% and a return on equity of 8.77%. The business had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $2.35 billion. During the same period in the previous year, the business earned $1.88 earnings per share. The company’s revenue was up 8.5% on a year-over-year basis. On average, analysts expect that Evergy will post 3.84 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. LADENBURG THALM/SH SH raised Evergy from a “neutral” rating to a “buy” rating and increased their target price for the stock from $59.00 to $68.50 in a report on Thursday, January 2nd. Barclays decreased their price objective on shares of Evergy from $65.00 to $62.00 and set an “overweight” rating for the company in a report on Monday, January 27th. Mizuho assumed coverage on shares of Evergy in a report on Tuesday, October 29th. They set an “outperform” rating and a $67.00 target price on the stock. Guggenheim raised shares of Evergy from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Finally, Wells Fargo & Company increased their price objective on shares of Evergy from $65.00 to $69.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $65.36.

About Evergy

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.