Evergy, Inc. (NASDAQ:EVRG) Shares Acquired by Trexquant Investment LP

Trexquant Investment LP boosted its position in Evergy, Inc. (NASDAQ:EVRG) by 241.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 115,211 shares of the company’s stock after buying an additional 81,486 shares during the period. Trexquant Investment LP’s holdings in Evergy were worth $7,091,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the business. Lee Danner & Bass Inc. purchased a new stake in Evergy in the fourth quarter valued at $26,000. National Pension Service purchased a new stake in shares of Evergy in the fourth quarter worth about $30,000. Bank of Jackson Hole Trust acquired a new stake in Evergy during the fourth quarter worth about $31,000. Sandy Spring Bank raised its position in Evergy by 5,983.3% during the fourth quarter. Sandy Spring Bank now owns 730 shares of the company’s stock valued at $45,000 after acquiring an additional 718 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in Evergy in the fourth quarter valued at approximately $49,000. 87.24% of the stock is owned by hedge funds and other institutional investors.

Evergy Stock Down 0.3 %

EVRG opened at $69.21 on Friday. The company has a market cap of $15.92 billion, a PE ratio of 18.71, a price-to-earnings-growth ratio of 2.82 and a beta of 0.52. Evergy, Inc. has a twelve month low of $49.55 and a twelve month high of $70.30. The company has a 50-day moving average price of $66.73 and a 200 day moving average price of $63.54. 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 announced its 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 business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.24 billion. Evergy had a return on equity of 8.77% and a net margin of 14.77%. Sell-side analysts expect that Evergy, Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 3.86%. The ex-dividend date was Monday, March 10th. Evergy’s dividend payout ratio (DPR) is presently 70.45%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on EVRG shares. Guggenheim raised shares of Evergy from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. LADENBURG THALM/SH SH upgraded shares of Evergy to a “strong-buy” rating in a research report on Monday, March 17th. Barclays raised their target price on Evergy from $62.00 to $72.00 and gave the company an “overweight” rating in a research report on Friday, March 7th. Finally, UBS Group upped their price target on Evergy from $66.00 to $68.00 and gave the stock a “neutral” rating in a report on Friday, March 21st. One equities 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 stock. According to MarketBeat, Evergy presently has a consensus rating of “Buy” and a consensus target price of $69.08.

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.