Squarepoint Ops LLC Invests $5.24 Million in Evergy (NYSE:EVRG)

Squarepoint Ops LLC purchased a new stake in Evergy (NYSE:EVRG) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 78,650 shares of the company’s stock, valued at approximately $5,235,000.

Several other hedge funds also recently bought and sold shares of EVRG. D.A. Davidson & CO. grew its holdings in shares of Evergy by 2.5% in the third quarter. D.A. Davidson & CO. now owns 6,439 shares of the company’s stock valued at $429,000 after purchasing an additional 160 shares during the period. Mondrian Investment Partners LTD boosted its holdings in Evergy by 25.0% in the 3rd quarter. Mondrian Investment Partners LTD now owns 829 shares of the company’s stock valued at $55,000 after purchasing an additional 166 shares during the last quarter. Rockefeller Capital Management L.P. boosted its holdings in Evergy by 66.3% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 424 shares of the company’s stock valued at $26,000 after purchasing an additional 169 shares during the last quarter. 6 Meridian boosted its holdings in Evergy by 2.2% in the 3rd quarter. 6 Meridian now owns 8,810 shares of the company’s stock valued at $586,000 after purchasing an additional 187 shares during the last quarter. Finally, Prudential PLC grew its stake in shares of Evergy by 0.9% in the 2nd quarter. Prudential PLC now owns 21,735 shares of the company’s stock valued at $1,307,000 after buying an additional 189 shares during the period. Institutional investors and hedge funds own 86.21% of the company’s stock.

In related news, SVP Heather A. Humphrey sold 1,000 shares of the business’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $66.20, for a total value of $66,200.00. Also, CFO Anthony D. Somma sold 2,000 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $64.96, for a total value of $129,920.00. Following the transaction, the chief financial officer now directly owns 50,636 shares in the company, valued at approximately $3,289,314.56. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,000 shares of company stock worth $778,110. Company insiders own 0.38% of the company’s stock.

A number of analysts have recently issued reports on EVRG shares. Guggenheim raised their price target on shares of Evergy from $65.00 to $70.00 and gave the stock a “buy” rating in a report on Tuesday, August 27th. ValuEngine cut Evergy from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. UBS Group lowered their price objective on Evergy from $68.00 to $67.00 and set a “neutral” rating for the company in a research report on Friday, October 18th. Zacks Investment Research raised Evergy from a “sell” rating to a “hold” rating and set a $68.00 target price for the company in a research note on Wednesday, August 14th. Finally, Wells Fargo & Co set a $69.00 target price on Evergy and gave the stock a “hold” rating in a research note on Tuesday, September 3rd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $65.71.

NYSE EVRG opened at $62.56 on Wednesday. The firm’s 50-day moving average is $63.65 and its two-hundred day moving average is $62.64. Evergy has a 12 month low of $54.57 and a 12 month high of $67.81. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.73 and a quick ratio of 0.51. The stock has a market capitalization of $14.42 billion, a P/E ratio of 23.43, a PEG ratio of 3.41 and a beta of 0.12.

Evergy (NYSE:EVRG) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $1.57 earnings per share for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.02). Evergy had a net margin of 11.97% and a return on equity of 6.96%. The company had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.62 billion. During the same quarter in the prior year, the business earned $1.38 earnings per share. As a group, analysts anticipate that Evergy will post 2.88 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Wednesday, November 27th will be issued a $0.505 dividend. This is a positive change from Evergy’s previous quarterly dividend of $0.48. This represents a $2.02 annualized dividend and a dividend yield of 3.23%. The ex-dividend date is Tuesday, November 26th. Evergy’s dividend payout ratio is currently 75.66%.

About Evergy

Westar Energy, Inc engages in the generation, transmission and distribution of electricity in Kansas. It provides electricity to residential, commercial, and industrial customers in the cities of Topeka, Lawrence, Manhattan, Salina, and Hutchinson. The company was founded in 1924 and is headquartered in Topeka, KS.

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Institutional Ownership by Quarter for Evergy (NYSE:EVRG)

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