SG Americas Securities LLC Has $589,000 Stock Position in Evergy, Inc. (NYSE:EVRG)

SG Americas Securities LLC lowered its stake in shares of Evergy, Inc. (NYSE:EVRGGet Rating) by 83.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,621 shares of the company’s stock after selling 42,006 shares during the period. SG Americas Securities LLC’s holdings in Evergy were worth $589,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FSB Premier Wealth Management Inc. acquired a new position in shares of Evergy during the 4th quarter worth approximately $27,000. CVA Family Office LLC acquired a new position in shares of Evergy during the 1st quarter worth approximately $32,000. City State Bank acquired a new position in shares of Evergy during the 4th quarter worth approximately $51,000. Mystic Asset Management Inc. acquired a new position in shares of Evergy during the 4th quarter worth approximately $53,000. Finally, Private Capital Group LLC increased its holdings in shares of Evergy by 26.5% during the 1st quarter. Private Capital Group LLC now owns 870 shares of the company’s stock worth $60,000 after acquiring an additional 182 shares during the last quarter. Institutional investors own 87.39% of the company’s stock.

Evergy Stock Performance

NYSE:EVRG opened at $68.37 on Thursday. The stock has a fifty day moving average price of $65.67 and a 200-day moving average price of $65.97. The company has a market cap of $15.69 billion, a price-to-earnings ratio of 19.42, a PEG ratio of 3.79 and a beta of 0.49. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.33 and a current ratio of 0.51. Evergy, Inc. has a fifty-two week low of $59.34 and a fifty-two week high of $73.13.

Evergy (NYSE:EVRGGet Rating) last released its earnings results on Thursday, May 5th. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.03. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.43 billion. Evergy had a return on equity of 8.93% and a net margin of 15.59%. During the same period in the prior year, the company posted $0.55 EPS. As a group, equities analysts anticipate that Evergy, Inc. will post 3.53 EPS for the current fiscal year.

Insider Activity

In other news, Director Sandra Aj Lawrence sold 500 shares of the company’s stock in a transaction on Wednesday, May 25th. The stock was sold at an average price of $69.48, for a total transaction of $34,740.00. Following the completion of the sale, the director now directly owns 1,680 shares in the company, valued at approximately $116,726.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last three months, insiders sold 1,657 shares of company stock worth $112,987. 3.32% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Wells Fargo & Company boosted their target price on Evergy from $67.00 to $75.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 19th. UBS Group lowered Evergy from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $78.00 to $70.00 in a report on Thursday, June 30th. Finally, Credit Suisse Group began coverage on Evergy in a report on Monday, April 25th. They issued an “outperform” rating and a $76.00 price objective on the stock. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Evergy has a consensus rating of “Hold” and a consensus target price of $71.33.

Evergy Company Profile

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Evergy, Inc, together with its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in Kansas and Missouri, the United States. It generates electricity through coal, hydroelectric, landfill gas, uranium, and natural gas and oil sources, as well as solar, wind, other renewable sources.

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Institutional Ownership by Quarter for Evergy (NYSE:EVRG)

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