SG Americas Securities LLC Reduces Stock Position in Evergy, Inc. (NYSE:EVRG)

SG Americas Securities LLC decreased its holdings in Evergy, Inc. (NYSE:EVRG) by 94.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,943 shares of the company’s stock after selling 108,689 shares during the period. SG Americas Securities LLC’s holdings in Evergy were worth $369,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Manning & Napier Advisors LLC purchased a new position in Evergy in the 2nd quarter worth about $112,464,000. Wedge Capital Management L L P NC boosted its holdings in shares of Evergy by 8.0% in the second quarter. Wedge Capital Management L L P NC now owns 260,331 shares of the company’s stock valued at $13,790,000 after purchasing an additional 19,193 shares during the period. State Board of Administration of Florida Retirement System grew its stake in Evergy by 11.2% in the first quarter. State Board of Administration of Florida Retirement System now owns 316,455 shares of the company’s stock worth $16,892,000 after purchasing an additional 31,985 shares in the last quarter. Jennison Associates LLC bought a new position in Evergy in the first quarter worth approximately $37,526,000. Finally, Entropy Technologies LP increased its holdings in Evergy by 129.2% during the 1st quarter. Entropy Technologies LP now owns 36,838 shares of the company’s stock worth $1,966,000 after purchasing an additional 20,764 shares during the period. 87.24% of the stock is currently owned by institutional investors.

Evergy Stock Performance

Shares of EVRG stock opened at $61.12 on Friday. The company has a current ratio of 0.59, a quick ratio of 0.35 and a debt-to-equity ratio of 1.23. The company has a market cap of $14.05 billion, a PE ratio of 19.78, a PEG ratio of 2.65 and a beta of 0.62. Evergy, Inc. has a 12-month low of $47.46 and a 12-month high of $62.58. The business’s fifty day simple moving average is $60.11 and its 200-day simple moving average is $56.14.

Evergy (NYSE:EVRG) last issued its quarterly earnings results on Friday, August 9th. The company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.01. Evergy had a return on equity of 8.50% and a net margin of 13.12%. The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter last year, the company earned $0.81 earnings per share. Analysts expect that Evergy, Inc. will post 3.84 earnings per share for the current fiscal year.

Evergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Tuesday, August 20th were issued a dividend of $0.6425 per share. This represents a $2.57 dividend on an annualized basis and a dividend yield of 4.20%. The ex-dividend date of this dividend was Tuesday, August 20th. Evergy’s dividend payout ratio (DPR) is presently 83.17%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on EVRG shares. Wells Fargo & Company increased their target price on shares of Evergy from $65.00 to $69.00 and gave the stock an “overweight” rating in a report on Wednesday. Jefferies Financial Group began coverage on shares of Evergy in a report on Thursday, September 19th. They set a “buy” rating and a $70.00 price objective on the stock. UBS Group upgraded Evergy to a “hold” rating in a report on Wednesday, September 18th. Finally, Barclays increased their target price on Evergy from $61.00 to $64.00 and gave the company an “overweight” rating in a research report on Tuesday, August 13th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $61.00.

Insider Transactions at Evergy

In related news, Director Ann D. Murtlow sold 3,301 shares of the business’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $58.85, for a total transaction of $194,263.85. Following the completion of the transaction, the director now directly owns 2,847 shares in the company, valued at $167,545.95. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, SVP Charles A. Caisley sold 9,236 shares of Evergy stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $59.63, for a total value of $550,742.68. Following the completion of the transaction, the senior vice president now owns 33,425 shares in the company, valued at $1,993,132.75. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ann D. Murtlow sold 3,301 shares of the company’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $58.85, for a total value of $194,263.85. Following the completion of the transaction, the director now directly owns 2,847 shares of the company’s stock, valued at $167,545.95. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,884 shares of company stock worth $941,810 over the last three months. 0.47% of the stock is currently owned by insiders.

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.