Y Intercept Hong Kong Ltd Sells 14,620 Shares of Evergy, Inc. (NASDAQ:EVRG)

Y Intercept Hong Kong Ltd trimmed its holdings in Evergy, Inc. (NASDAQ:EVRG) by 66.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,449 shares of the company’s stock after selling 14,620 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Evergy were worth $462,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fairscale Capital LLC acquired a new position in Evergy in the second quarter valued at approximately $27,000. Truvestments Capital LLC bought a new position in Evergy during the third quarter worth $32,000. Hexagon Capital Partners LLC boosted its stake in Evergy by 47.1% during the third quarter. Hexagon Capital Partners LLC now owns 531 shares of the company’s stock worth $33,000 after acquiring an additional 170 shares in the last quarter. Rothschild Investment LLC acquired a new stake in Evergy in the second quarter worth $37,000. Finally, Hantz Financial Services Inc. bought a new stake in Evergy in the second quarter valued at $41,000. Institutional investors own 87.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Jefferies Financial Group started coverage on shares of Evergy in a research report on Thursday, September 19th. They set a “buy” rating and a $70.00 price objective on the stock. Barclays reduced their price objective on Evergy from $67.00 to $65.00 and set an “overweight” rating for the company in a research note on Monday, October 21st. Wells Fargo & Company upped their target price on Evergy from $65.00 to $69.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Mizuho initiated coverage on shares of Evergy in a research report on Tuesday, October 29th. They issued an “outperform” rating and a $67.00 price target for the company. Finally, UBS Group upgraded shares of Evergy to a “hold” rating in a report on Wednesday, September 18th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $61.88.

Evergy Trading Down 0.3 %

NASDAQ EVRG opened at $61.91 on Monday. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15. The business has a fifty day simple moving average of $62.08 and a 200 day simple moving average of $58.83. Evergy, Inc. has a 12 month low of $48.04 and a 12 month high of $65.47. The firm has a market capitalization of $14.24 billion, a P/E ratio of 16.73, a PEG ratio of 2.77 and a beta of 0.64.

Evergy (NASDAQ:EVRG) last announced its earnings results on Thursday, November 7th. The company reported $2.02 EPS for the quarter, beating the consensus estimate of $1.95 by $0.07. Evergy had a net margin of 14.77% and a return on equity of 8.77%. The company had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $2.35 billion. During the same quarter in the prior year, the company posted $1.88 earnings per share. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. On average, analysts predict that Evergy, Inc. will post 3.85 EPS for the current fiscal year.

Evergy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Thursday, November 21st will be given a dividend of $0.6675 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.67 annualized dividend and a dividend yield of 4.31%. This is a boost from Evergy’s previous quarterly dividend of $0.64. Evergy’s dividend payout ratio (DPR) is currently 72.16%.

Insider Transactions at Evergy

In other news, EVP Kevin E. Bryant sold 48,141 shares of the firm’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $62.93, for a total transaction of $3,029,513.13. Following the completion of the sale, the executive vice president now directly owns 1 shares of the company’s stock, valued at $62.93. This trade represents a 100.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.47% of the company’s stock.

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.