Picton Mahoney Asset Management Sells 66,052 Shares of Evergy, Inc. (NASDAQ:EVRG)

Picton Mahoney Asset Management lessened its stake in shares of Evergy, Inc. (NASDAQ:EVRG) by 53.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 58,455 shares of the company’s stock after selling 66,052 shares during the quarter. Picton Mahoney Asset Management’s holdings in Evergy were worth $3,596,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. National Pension Service bought a new stake in shares of Evergy during the fourth quarter worth $30,000. Bank of Jackson Hole Trust bought a new stake in shares of Evergy during the fourth quarter worth $31,000. Truvestments Capital LLC bought a new stake in shares of Evergy during the third quarter worth $32,000. SBI Securities Co. Ltd. acquired a new position in shares of Evergy during the fourth quarter worth $49,000. Finally, USA Financial Formulas acquired a new position in shares of Evergy during the fourth quarter worth $73,000. Institutional investors own 87.24% of the company’s stock.

Evergy Trading Up 1.3 %

EVRG opened at $67.45 on Friday. Evergy, Inc. has a 1-year low of $49.55 and a 1-year high of $69.93. 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 company has a market cap of $15.51 billion, a P/E ratio of 18.23, a price-to-earnings-growth ratio of 2.82 and a beta of 0.62. The company has a fifty day moving average price of $65.02 and a two-hundred day moving average price of $62.78.

Evergy (NASDAQ:EVRG) last posted its quarterly earnings results 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. Analysts predict that Evergy, Inc. will post 3.83 EPS for the current fiscal year.

Evergy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be issued a $0.6675 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 3.96%. Evergy’s dividend payout ratio is presently 70.45%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on EVRG. LADENBURG THALM/SH SH upgraded shares of Evergy from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $59.00 to $68.50 in a report on Thursday, January 2nd. Barclays lifted 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. Finally, Guggenheim upgraded shares of Evergy from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, Evergy currently has an average rating of “Moderate Buy” and an average price target of $68.42.

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.