Jane Street Group LLC Sells 47,168 Shares of Evergy, Inc. (NASDAQ:EVRG)

Jane Street Group LLC lowered its position in shares of Evergy, Inc. (NASDAQ:EVRG) by 50.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 45,836 shares of the company’s stock after selling 47,168 shares during the quarter. Jane Street Group LLC’s holdings in Evergy were worth $2,821,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Allworth Financial LP raised its position in shares of Evergy by 84.6% during the fourth quarter. Allworth Financial LP now owns 7,975 shares of the company’s stock worth $501,000 after acquiring an additional 3,654 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Evergy during the fourth quarter worth $49,000. Hennion & Walsh Asset Management Inc. raised its position in shares of Evergy by 23.1% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 10,692 shares of the company’s stock worth $658,000 after acquiring an additional 2,004 shares during the last quarter. SG Americas Securities LLC raised its position in shares of Evergy by 15,406.4% during the fourth quarter. SG Americas Securities LLC now owns 921,546 shares of the company’s stock worth $56,721,000 after acquiring an additional 915,603 shares during the last quarter. Finally, Kingsview Wealth Management LLC bought a new stake in shares of Evergy during the fourth quarter worth $214,000. Institutional investors own 87.24% of the company’s stock.

Evergy Stock Down 1.1%

NASDAQ:EVRG opened at $64.06 on Thursday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.55. The company has a market cap of $14.74 billion, a PE ratio of 17.31, a PEG ratio of 2.82 and a beta of 0.53. Evergy, Inc. has a 52-week low of $52.10 and a 52-week high of $70.36. The stock has a 50-day simple moving average of $67.27 and a 200 day simple moving average of $64.83.

Evergy (NASDAQ:EVRG) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.12). The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.21 billion. Evergy had a return on equity of 8.77% and a net margin of 14.77%. During the same quarter in the previous year, the business posted $0.54 earnings per share. On average, sell-side analysts expect that Evergy, Inc. will post 3.83 EPS for the current fiscal year.

Evergy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, May 23rd will be paid a $0.6675 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $2.67 dividend on an annualized basis and a yield of 4.17%. Evergy’s dividend payout ratio is 70.26%.

Analyst Ratings Changes

EVRG has been the subject of a number of recent analyst reports. LADENBURG THALM/SH SH upgraded Evergy to a “strong-buy” rating in a report on Thursday, May 8th. UBS Group upgraded Evergy from a “neutral” rating to a “buy” rating and upped their price objective for the company from $68.00 to $78.00 in a report on Monday, April 28th. Barclays boosted their target price on Evergy from $72.00 to $73.00 and gave the company an “overweight” rating in a research note on Tuesday, April 22nd. BMO Capital Markets started coverage on Evergy in a research note on Tuesday. They issued an “outperform” rating and a $75.00 target price for the company. Finally, Guggenheim raised Evergy from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Evergy has an average rating of “Buy” and a consensus target price of $71.50.

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.