Hudson Bay Capital Management LP Sells 36,758 Shares of Evergy Inc. $EVRG

Hudson Bay Capital Management LP decreased its holdings in shares of Evergy Inc. (NASDAQ:EVRG) by 9.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 334,248 shares of the company’s stock after selling 36,758 shares during the period. Hudson Bay Capital Management LP owned 0.15% of Evergy worth $23,040,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Simplicity Wealth LLC bought a new stake in shares of Evergy during the 2nd quarter valued at about $778,000. Amundi grew its position in Evergy by 14.2% during the first quarter. Amundi now owns 140,301 shares of the company’s stock valued at $9,710,000 after buying an additional 17,477 shares during the period. Northern Trust Corp raised its position in Evergy by 16.7% in the first quarter. Northern Trust Corp now owns 2,737,480 shares of the company’s stock worth $188,749,000 after acquiring an additional 392,361 shares during the period. Wedmont Private Capital boosted its stake in shares of Evergy by 11.8% during the 2nd quarter. Wedmont Private Capital now owns 3,845 shares of the company’s stock worth $265,000 after acquiring an additional 406 shares during the last quarter. Finally, Integrity Alliance LLC. bought a new stake in shares of Evergy during the 1st quarter valued at $319,000. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on EVRG shares. Jefferies Financial Group upped their price target on Evergy from $77.00 to $87.00 and gave the stock a “buy” rating in a research report on Thursday, October 9th. Wells Fargo & Company raised shares of Evergy to a “hold” rating in a report on Tuesday, October 28th. Barclays reaffirmed an “outperform” rating on shares of Evergy in a report on Thursday, October 9th. Royal Bank Of Canada upgraded Evergy to a “moderate buy” rating in a research report on Tuesday, October 28th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Evergy in a research report on Thursday, December 4th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Evergy has a consensus rating of “Buy” and a consensus price target of $80.72.

Insider Transactions at Evergy

In other Evergy news, SVP Lesley Lissette Elwell sold 8,000 shares of the stock in a transaction on Monday, September 15th. The shares were sold at an average price of $72.33, for a total transaction of $578,640.00. Following the transaction, the senior vice president directly owned 499 shares of the company’s stock, valued at $36,092.67. This trade represents a 94.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.42% of the company’s stock.

Evergy Price Performance

EVRG opened at $73.80 on Friday. The company has a quick ratio of 0.30, a current ratio of 0.52 and a debt-to-equity ratio of 1.20. The business has a fifty day moving average of $76.54 and a 200 day moving average of $72.47. Evergy Inc. has a 52-week low of $59.67 and a 52-week high of $79.32. The stock has a market cap of $16.99 billion, a P/E ratio of 20.22, a PEG ratio of 3.18 and a beta of 0.65.

Evergy (NASDAQ:EVRG) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $2.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.14 by ($0.11). Evergy had a return on equity of 8.66% and a net margin of 14.45%.The firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same period last year, the company earned $2.02 EPS. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Evergy Inc. will post 3.83 EPS for the current year.

Evergy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, November 21st will be paid a dividend of $0.695 per share. This represents a $2.78 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, November 21st. This is a positive change from Evergy’s previous quarterly dividend of $0.67. Evergy’s dividend payout ratio is currently 76.16%.

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.