Evergy, Inc. (NYSE:EVRG) Shares Sold by Duality Advisers LP

Duality Advisers LP cut its position in Evergy, Inc. (NYSE:EVRG) by 85.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,981 shares of the company’s stock after selling 66,513 shares during the period. Duality Advisers LP’s holdings in Evergy were worth $573,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Metis Global Partners LLC increased its holdings in shares of Evergy by 20.5% in the third quarter. Metis Global Partners LLC now owns 8,326 shares of the company’s stock valued at $422,000 after purchasing an additional 1,419 shares during the period. CTC Alternative Strategies Ltd. acquired a new position in shares of Evergy in the fourth quarter valued at about $1,121,000. RNC Capital Management LLC increased its holdings in shares of Evergy by 8.6% in the fourth quarter. RNC Capital Management LLC now owns 586,133 shares of the company’s stock valued at $30,596,000 after purchasing an additional 46,437 shares during the period. Assenagon Asset Management S.A. increased its holdings in shares of Evergy by 47.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,516,817 shares of the company’s stock valued at $79,178,000 after purchasing an additional 487,322 shares during the period. Finally, Creative Planning grew its holdings in Evergy by 25.2% during the third quarter. Creative Planning now owns 107,816 shares of the company’s stock worth $5,466,000 after acquiring an additional 21,690 shares during the period. 87.24% of the stock is owned by institutional investors and hedge funds.

Evergy Stock Down 0.1 %

Shares of EVRG opened at $52.42 on Friday. The company has a current ratio of 0.51, a quick ratio of 0.29 and a debt-to-equity ratio of 1.14. Evergy, Inc. has a 12 month low of $46.92 and a 12 month high of $63.65. The stock’s 50 day moving average is $51.31 and its two-hundred day moving average is $50.98. The firm has a market cap of $12.04 billion, a P/E ratio of 14.78, a PEG ratio of 2.73 and a beta of 0.57.

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

Evergy Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Guggenheim cut Evergy from a “buy” rating to a “neutral” rating and set a $52.00 price target for the company. in a research report on Monday, January 22nd. Wells Fargo & Company reduced their price target on Evergy from $60.00 to $57.00 and set an “overweight” rating for the company in a research report on Friday, March 1st. Citigroup assumed coverage on Evergy in a research report on Tuesday, March 26th. They set a “buy” rating and a $64.00 price target for the company. Barclays lifted their price target on Evergy from $54.00 to $55.00 and gave the company an “overweight” rating in a research report on Thursday, March 14th. Finally, LADENBURG THALM/SH SH assumed coverage on Evergy in a research report on Thursday, April 4th. They set a “neutral” rating and a $51.00 price target for the company. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Evergy presently has an average rating of “Moderate Buy” and an average price target of $56.00.

Evergy Company 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.