Two Sigma Securities LLC Invests $659,000 in Evergy, Inc. (NASDAQ:EVRG)

Two Sigma Securities LLC bought a new position in shares of Evergy, Inc. (NASDAQ:EVRG) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 10,712 shares of the company’s stock, valued at approximately $659,000.

Other institutional investors have also bought and sold shares of the company. ExodusPoint Capital Management LP raised its stake in Evergy by 164.8% during the fourth quarter. ExodusPoint Capital Management LP now owns 2,312,953 shares of the company’s stock worth $142,362,000 after acquiring an additional 1,439,450 shares in the last quarter. SG Americas Securities LLC increased its position in shares of Evergy by 15,406.4% during the 4th quarter. SG Americas Securities LLC now owns 921,546 shares of the company’s stock worth $56,721,000 after purchasing an additional 915,603 shares in the last quarter. Brandes Investment Partners LP bought a new position in Evergy during the 4th quarter valued at about $55,652,000. Groupama Asset Managment lifted its holdings in Evergy by 3,216.6% during the 4th quarter. Groupama Asset Managment now owns 880,768 shares of the company’s stock valued at $54,211,000 after purchasing an additional 854,212 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Evergy in the fourth quarter valued at about $32,488,000. Institutional investors and hedge funds own 87.24% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on EVRG. UBS Group raised their price objective on shares of Evergy from $66.00 to $68.00 and gave the stock a “neutral” rating in a report on Friday, March 21st. LADENBURG THALM/SH SH raised Evergy to a “strong-buy” rating in a report on Monday, March 17th. Guggenheim raised Evergy from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Finally, Barclays raised their target price on Evergy from $72.00 to $73.00 and gave the company an “overweight” rating in a research note on Tuesday. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Evergy currently has an average rating of “Buy” and a consensus target price of $69.25.

Evergy Stock Down 0.6 %

Shares of EVRG opened at $67.88 on Friday. The business’s fifty day moving average price is $67.30 and its two-hundred day moving average price is $64.20. The firm has a market capitalization of $15.61 billion, a price-to-earnings ratio of 18.35, a PEG ratio of 2.82 and a beta of 0.52. Evergy, Inc. has a 52 week low of $51.69 and a 52 week high of $70.30. 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) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.11). The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.24 billion. Evergy had a net margin of 14.77% and a return on equity of 8.77%. On average, analysts predict that Evergy, Inc. will post 3.83 earnings per share for the current year.

Evergy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were given a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 3.93%. The ex-dividend date of this dividend was Monday, March 10th. Evergy’s dividend payout ratio is 70.45%.

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.