Virtu Financial LLC Sells 6,481 Shares of Evergy, Inc. (NASDAQ:EVRG)

Virtu Financial LLC cut its position in shares of Evergy, Inc. (NASDAQ:EVRG) by 58.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 4,680 shares of the company’s stock after selling 6,481 shares during the quarter. Virtu Financial LLC’s holdings in Evergy were worth $288,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Lee Danner & Bass Inc. acquired a new stake in Evergy during the 4th quarter worth about $26,000. National Pension Service bought a new stake in shares of Evergy during the 4th quarter valued at about $30,000. Bank of Jackson Hole Trust acquired a new stake in Evergy during the fourth quarter worth approximately $31,000. Truvestments Capital LLC bought a new stake in Evergy in the third quarter worth approximately $32,000. Finally, 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 buying an additional 718 shares during the period. Institutional investors own 87.24% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on EVRG shares. LADENBURG THALM/SH SH raised shares of Evergy to a “strong-buy” rating in a research report on Monday, March 17th. Barclays raised their price target on shares of Evergy from $62.00 to $72.00 and gave the stock an “overweight” rating in a report on Friday, March 7th. Guggenheim raised shares of Evergy from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Finally, UBS Group increased their price objective on shares of Evergy from $66.00 to $68.00 and gave the stock a “neutral” rating in a research report on Friday, March 21st. 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’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $69.08.

Evergy Stock Performance

Shares of EVRG stock opened at $67.32 on Friday. 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 firm has a fifty day simple moving average of $66.16 and a two-hundred day simple moving average of $63.25. Evergy, Inc. has a 12 month low of $49.55 and a 12 month high of $69.93. The firm has a market capitalization of $15.48 billion, a PE ratio of 18.19, a price-to-earnings-growth ratio of 2.82 and a beta of 0.62.

Evergy (NASDAQ:EVRG) last posted its earnings results on Thursday, February 27th. The company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.11). The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.24 billion. Evergy had a return on equity of 8.77% and a net margin of 14.77%. Analysts forecast that Evergy, Inc. will post 3.83 EPS for the current fiscal year.

Evergy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were issued a $0.6675 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 3.97%. Evergy’s dividend payout ratio is presently 70.45%.

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.