Short Interest in Evergy, Inc. (NYSE:EVRG) Drops By 19.8%

Evergy, Inc. (NYSE:EVRGGet Rating) saw a large decline in short interest during the month of April. As of April 30th, there was short interest totalling 1,990,000 shares, a decline of 19.8% from the April 15th total of 2,480,000 shares. Based on an average daily trading volume, of 1,420,000 shares, the short-interest ratio is currently 1.4 days. Currently, 0.9% of the company’s stock are short sold.

NYSE EVRG opened at $67.06 on Thursday. The firm has a market cap of $15.39 billion, a P/E ratio of 19.05, a P/E/G ratio of 3.15 and a beta of 0.47. Evergy has a 52-week low of $59.46 and a 52-week high of $73.13. The business’s 50-day moving average price is $68.14 and its 200 day moving average price is $66.04. The company has a quick ratio of 0.33, a current ratio of 0.51 and a debt-to-equity ratio of 1.00.

Evergy (NYSE:EVRGGet Rating) last announced its earnings results on Thursday, May 5th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.03. Evergy had a return on equity of 8.93% and a net margin of 15.59%. During the same period in the prior year, the company posted $0.55 EPS. As a group, analysts anticipate that Evergy will post 3.53 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 20th. Shareholders of record on Friday, May 20th will be paid a $0.5725 dividend. The ex-dividend date of this dividend is Thursday, May 19th. This represents a $2.29 annualized dividend and a yield of 3.41%. Evergy’s dividend payout ratio is currently 65.06%.

In related news, SVP Charles L. King sold 1,200 shares of the business’s stock in a transaction that occurred on Thursday, March 10th. The stock was sold at an average price of $63.26, for a total transaction of $75,912.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.47% of the stock is owned by insiders.

Hedge funds have recently added to or reduced their stakes in the company. Lansing Street Advisors purchased a new position in shares of Evergy during the 1st quarter worth approximately $26,000. FSB Premier Wealth Management Inc. purchased a new position in Evergy in the fourth quarter worth $27,000. SWS Partners purchased a new position in Evergy in the first quarter worth $27,000. PSI Advisors LLC acquired a new stake in Evergy in the third quarter valued at $31,000. Finally, CVA Family Office LLC purchased a new stake in shares of Evergy during the 1st quarter worth $32,000. Institutional investors own 87.39% of the company’s stock.

A number of analysts have recently commented on the company. Credit Suisse Group assumed coverage on Evergy in a research report on Monday, April 25th. They set an “outperform” rating and a $76.00 target price on the stock. Wells Fargo & Company lifted their price target on Evergy from $67.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 19th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $71.00.

Evergy Company Profile (Get Rating)

Evergy, Inc, together with its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in Kansas and Missouri, the United States. It generates electricity through coal, hydroelectric, landfill gas, uranium, and natural gas and oil sources, as well as solar, wind, other renewable sources.

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