DRW Securities LLC Sells 68,608 Shares of Evergy, Inc. (NASDAQ:EVRG)

DRW Securities LLC trimmed its holdings in shares of Evergy, Inc. (NASDAQ:EVRG) by 48.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 71,900 shares of the company’s stock after selling 68,608 shares during the period. DRW Securities LLC’s holdings in Evergy were worth $4,425,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EVRG. Lee Danner & Bass Inc. bought a new stake in Evergy in the fourth quarter worth about $26,000. National Pension Service purchased a new stake in shares of Evergy during the 4th quarter worth approximately $30,000. Bank of Jackson Hole Trust bought a new stake in shares of Evergy in the 4th quarter worth approximately $31,000. Sandy Spring Bank lifted its stake in Evergy by 5,983.3% in the fourth quarter. Sandy Spring Bank now owns 730 shares of the company’s stock valued at $45,000 after purchasing an additional 718 shares during the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in Evergy during the fourth quarter valued at $49,000. 87.24% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on EVRG shares. UBS Group boosted their target price on Evergy from $66.00 to $68.00 and gave the company a “neutral” rating in a research note on Friday, March 21st. Barclays boosted their price objective on Evergy from $62.00 to $72.00 and gave the company an “overweight” rating in a research note on Friday, March 7th. Guggenheim upgraded shares of Evergy from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Finally, LADENBURG THALM/SH SH raised shares of Evergy to a “strong-buy” rating in a research report on Monday, March 17th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Evergy currently has a consensus rating of “Buy” and an average price target of $69.08.

Evergy Price Performance

Shares of NASDAQ:EVRG opened at $64.51 on Wednesday. Evergy, Inc. has a 52 week low of $49.55 and a 52 week high of $70.30. The company has a quick ratio of 0.32, a current ratio of 0.55 and a debt-to-equity ratio of 1.15. The company’s fifty day moving average is $66.85 and its 200 day moving average is $63.65. The stock has a market cap of $14.84 billion, a PE ratio of 17.44, a PEG ratio of 2.82 and a beta of 0.52.

Evergy (NASDAQ:EVRG) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.11). Evergy had a net margin of 14.77% and a return on equity of 8.77%. The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.24 billion. Research analysts anticipate that Evergy, Inc. will post 3.83 earnings per share for the current year.

Evergy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.14%. The ex-dividend date of this dividend was Monday, March 10th. Evergy’s payout ratio is 70.45%.

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.