SG Americas Securities LLC Acquires 9,085 Shares of Evergy Inc. $EVRG

SG Americas Securities LLC grew its stake in Evergy Inc. (NASDAQ:EVRG) by 10.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 97,699 shares of the company’s stock after buying an additional 9,085 shares during the period. SG Americas Securities LLC’s holdings in Evergy were worth $7,082,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Accredited Wealth Management LLC boosted its holdings in Evergy by 1,310.3% during the third quarter. Accredited Wealth Management LLC now owns 409 shares of the company’s stock worth $31,000 after buying an additional 380 shares during the last quarter. Sentry Investment Management LLC acquired a new position in shares of Evergy during the 3rd quarter worth about $41,000. Root Financial Partners LLC bought a new stake in shares of Evergy in the 3rd quarter valued at about $44,000. CYBER HORNET ETFs LLC bought a new stake in shares of Evergy in the 2nd quarter valued at about $42,000. Finally, Quarry LP raised its position in shares of Evergy by 1,222.9% in the 3rd quarter. Quarry LP now owns 635 shares of the company’s stock valued at $48,000 after acquiring an additional 587 shares during the period. 87.24% of the stock is currently owned by institutional investors.

Evergy Price Performance

Shares of EVRG opened at $81.59 on Tuesday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.27 and a current ratio of 0.49. The stock has a 50 day simple moving average of $80.19 and a 200 day simple moving average of $76.93. Evergy Inc. has a 52-week low of $61.94 and a 52-week high of $85.23. The firm has a market capitalization of $18.79 billion, a PE ratio of 22.23, a P/E/G ratio of 2.09 and a beta of 0.65.

Evergy (NASDAQ:EVRG) last posted its earnings results on Saturday, January 31st. The company reported $0.42 earnings per share (EPS) for the quarter. Evergy had a return on equity of 8.79% and a net margin of 14.35%. Sell-side analysts predict that Evergy Inc. will post 3.83 EPS for the current fiscal year.

Evergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Tuesday, March 10th were given a dividend of $0.695 per share. The ex-dividend date of this dividend was Tuesday, March 10th. This represents a $2.78 annualized dividend and a dividend yield of 3.4%. Evergy’s dividend payout ratio is currently 75.75%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on EVRG. Wells Fargo & Company lifted their price objective on shares of Evergy from $79.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Friday, February 20th. Citigroup increased their target price on shares of Evergy from $89.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Wall Street Zen raised shares of Evergy from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. Weiss Ratings reissued a “buy (b-)” rating on shares of Evergy in a report on Monday, December 29th. Finally, Mizuho set a $82.00 price objective on shares of Evergy in a research report on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $87.75.

Insider Buying and Selling

In related news, SVP Heather A. Humphrey sold 3,650 shares of the company’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $82.61, for a total value of $301,526.50. Following the completion of the transaction, the senior vice president directly owned 44,007 shares of the company’s stock, valued at approximately $3,635,418.27. This represents a 7.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Charles L. King sold 2,440 shares of the stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $82.19, for a total value of $200,543.60. Following the transaction, the senior vice president owned 18,359 shares of the company’s stock, valued at approximately $1,508,926.21. This trade represents a 11.73% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 8,937 shares of company stock worth $736,492 over the last ninety days. Company insiders own 1.42% of the company’s stock.

Evergy Company Profile

Evergy, Inc is a regulated electric utility that generates, transmits and distributes electricity to residential, commercial and industrial customers primarily across Kansas and western Missouri. The company provides core utility services including retail electric delivery, grid operations, customer service and outage restoration, operating under state regulatory frameworks. Evergy serves a mix of urban and rural communities, including portions of the Kansas City metropolitan area and other population centers in its service territory.

The company’s business activities span power generation, system planning, transmission and distribution infrastructure, and customer-facing programs such as energy efficiency and demand-side management.