SG Americas Securities LLC Buys 78,286 Shares of Evergy Inc. $EVRG

SG Americas Securities LLC boosted its position in Evergy Inc. (NASDAQ:EVRG) by 758.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 88,614 shares of the company’s stock after purchasing an additional 78,286 shares during the period. SG Americas Securities LLC’s holdings in Evergy were worth $6,736,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of EVRG. Spire Wealth Management lifted its position in shares of Evergy by 37.1% during the 3rd quarter. Spire Wealth Management now owns 1,246 shares of the company’s stock valued at $95,000 after buying an additional 337 shares during the last quarter. CX Institutional increased its holdings in Evergy by 7.9% in the 3rd quarter. CX Institutional now owns 2,520 shares of the company’s stock worth $192,000 after acquiring an additional 184 shares during the last quarter. Park Avenue Securities LLC raised its stake in Evergy by 16.8% in the 3rd quarter. Park Avenue Securities LLC now owns 22,235 shares of the company’s stock valued at $1,690,000 after acquiring an additional 3,201 shares during the period. Vaughan Nelson Investment Management L.P. lifted its holdings in Evergy by 23.5% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 700,184 shares of the company’s stock valued at $53,228,000 after purchasing an additional 133,150 shares during the last quarter. Finally, Greenleaf Trust lifted its holdings in Evergy by 10.6% during the third quarter. Greenleaf Trust now owns 3,867 shares of the company’s stock valued at $294,000 after purchasing an additional 372 shares during the last quarter. 87.24% of the stock is owned by hedge funds and other institutional investors.

Evergy Stock Performance

NASDAQ EVRG opened at $72.82 on Friday. Evergy Inc. has a 1 year low of $59.67 and a 1 year high of $79.32. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.52 and a quick ratio of 0.30. The stock has a market capitalization of $16.76 billion, a PE ratio of 19.95, a P/E/G ratio of 2.95 and a beta of 0.67. The company’s 50 day simple moving average is $74.60 and its two-hundred day simple moving average is $73.33.

Evergy (NASDAQ:EVRG) last released its quarterly earnings results on Wednesday, November 5th. The company reported $2.03 EPS for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.11). The firm had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $2.24 billion. Evergy had a net margin of 14.45% and a return on equity of 8.66%. The firm’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter last year, the firm earned $2.02 earnings per share. Analysts predict that Evergy Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, November 21st were paid a $0.695 dividend. The ex-dividend date was Friday, November 21st. This represents a $2.78 dividend on an annualized basis and a yield of 3.8%. This is an increase from Evergy’s previous quarterly dividend of $0.67. Evergy’s dividend payout ratio is currently 76.16%.

Analyst Ratings Changes

EVRG has been the subject of several recent research reports. Wall Street Zen downgraded shares of Evergy from a “hold” rating to a “sell” rating in a research note on Monday, December 22nd. Wells Fargo & Company raised shares of Evergy to a “hold” rating in a report on Tuesday, October 28th. Barclays reissued an “outperform” rating on shares of Evergy in a report on Thursday, October 9th. Jefferies Financial Group increased their target price on Evergy from $77.00 to $87.00 and gave the stock a “buy” rating in a research report on Thursday, October 9th. Finally, Mizuho reiterated a “neutral” rating and issued a $76.00 price target (down from $86.00) on shares of Evergy in a research report on Thursday, December 18th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $82.75.

Evergy Profile

Evergy, Inc is a regulated electric utility that generates, transmits and distributes electricity to residential, commercial and industrial customers primarily across Kansas and western Missouri. The company provides core utility services including retail electric delivery, grid operations, customer service and outage restoration, operating under state regulatory frameworks. Evergy serves a mix of urban and rural communities, including portions of the Kansas City metropolitan area and other population centers in its service territory.

The company’s business activities span power generation, system planning, transmission and distribution infrastructure, and customer-facing programs such as energy efficiency and demand-side management.