Duality Advisers LP Sells 66,513 Shares of Evergy, Inc. (NYSE:EVRG)

Duality Advisers LP cut its stake in shares of Evergy, Inc. (NYSE:EVRG) by 85.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,981 shares of the company’s stock after selling 66,513 shares during the quarter. Duality Advisers LP’s holdings in Evergy were worth $573,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of EVRG. CVA Family Office LLC bought a new position in shares of Evergy during the fourth quarter valued at $29,000. Itau Unibanco Holding S.A. bought a new position in shares of Evergy during the third quarter valued at $35,000. MV Capital Management Inc. increased its holdings in shares of Evergy by 3,263.6% during the fourth quarter. MV Capital Management Inc. now owns 740 shares of the company’s stock valued at $39,000 after acquiring an additional 718 shares in the last quarter. Headinvest LLC bought a new position in shares of Evergy during the third quarter valued at $40,000. Finally, Asset Dedication LLC bought a new stake in Evergy in the 3rd quarter worth about $45,000. 87.24% of the stock is currently owned by institutional investors.

Evergy Trading Down 0.1 %

Shares of NYSE:EVRG opened at $52.42 on Friday. The stock has a market capitalization of $12.04 billion, a price-to-earnings ratio of 14.78, a PEG ratio of 2.73 and a beta of 0.57. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.29 and a current ratio of 0.51. The stock’s 50-day simple moving average is $51.31 and its two-hundred day simple moving average is $50.98. Evergy, Inc. has a 52-week low of $46.92 and a 52-week high of $63.65.

Evergy (NYSE:EVRG) last announced its earnings results on Thursday, February 29th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.03). The firm had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Evergy had a return on equity of 8.47% and a net margin of 13.28%. During the same period in the previous year, the business posted $0.30 earnings per share. Analysts expect that Evergy, Inc. will post 3.84 EPS for the current year.

Evergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Monday, March 11th were given a dividend of $0.6425 per share. The ex-dividend date was Friday, March 8th. This represents a $2.57 dividend on an annualized basis and a dividend yield of 4.90%. Evergy’s payout ratio is currently 80.82%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on EVRG. Barclays lifted their price objective on Evergy from $54.00 to $55.00 and gave the stock an “overweight” rating in a report on Thursday, March 14th. LADENBURG THALM/SH SH began coverage on Evergy in a report on Thursday, April 4th. They issued a “neutral” rating and a $51.00 price objective for the company. Guggenheim downgraded Evergy from a “buy” rating to a “neutral” rating and set a $52.00 price objective for the company. in a report on Monday, January 22nd. Wells Fargo & Company reduced their price objective on Evergy from $60.00 to $57.00 and set an “overweight” rating for the company in a report on Friday, March 1st. Finally, Bank of America upgraded Evergy from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $51.00 to $57.00 in a report on Wednesday, March 13th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Evergy currently has a consensus rating of “Moderate Buy” and a consensus target price of $56.00.

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.