Evergy, Inc. (NASDAQ:EVRG) Short Interest Up 6.8% in January

Evergy, Inc. (NASDAQ:EVRG) was the recipient of a significant growth in short interest in January. As of January 15th, there was short interest totalling 9,680,000 shares, a growth of 6.8% from the December 31st total of 9,060,000 shares. Based on an average daily volume of 1,790,000 shares, the days-to-cover ratio is presently 5.4 days. Currently, 4.3% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on EVRG shares. Mizuho began coverage on shares of Evergy in a report on Tuesday, October 29th. They issued an “outperform” rating and a $67.00 price objective for the company. LADENBURG THALM/SH SH raised Evergy from a “neutral” rating to a “buy” rating and increased their price objective for the company from $59.00 to $68.50 in a report on Thursday, January 2nd. Guggenheim upgraded Evergy from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Barclays decreased their target price on Evergy from $65.00 to $62.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. Finally, Wells Fargo & Company boosted their price objective on shares of Evergy from $65.00 to $69.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Evergy currently has an average rating of “Moderate Buy” and an average price target of $65.36.

Evergy Trading Up 1.1 %

Shares of EVRG stock opened at $64.87 on Tuesday. The firm has a market capitalization of $14.92 billion, a P/E ratio of 17.53, a price-to-earnings-growth ratio of 2.69 and a beta of 0.66. Evergy has a 1 year low of $48.04 and a 1 year high of $65.47. The firm’s fifty day simple moving average is $62.41 and its 200 day simple moving average is $61.02. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15.

Evergy (NASDAQ:EVRG) last announced its quarterly earnings data on Thursday, November 7th. The company reported $2.02 EPS for the quarter, beating analysts’ consensus estimates of $1.95 by $0.07. Evergy had a net margin of 14.77% and a return on equity of 8.77%. The business had revenue of $1.81 billion during the quarter, compared to analyst estimates of $2.35 billion. During the same quarter in the prior year, the business earned $1.88 earnings per share. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. As a group, sell-side analysts predict that Evergy will post 3.84 EPS for the current year.

Insider Buying and Selling at Evergy

In other Evergy news, EVP Kevin E. Bryant sold 48,141 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $62.93, for a total value of $3,029,513.13. Following the completion of the sale, the executive vice president now directly owns 1 shares of the company’s stock, valued at $62.93. The trade was a 100.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 3.26% of the company’s stock.

Institutional Trading of Evergy

Several institutional investors have recently modified their holdings of the company. Bank of Jackson Hole Trust acquired a new position in shares of Evergy in the fourth quarter valued at $31,000. Truvestments Capital LLC bought a new stake in Evergy in the 3rd quarter valued at $32,000. Hexagon Capital Partners LLC lifted its holdings in shares of Evergy by 47.1% during the 3rd quarter. Hexagon Capital Partners LLC now owns 531 shares of the company’s stock worth $33,000 after acquiring an additional 170 shares during the period. Sentry Investment Management LLC acquired a new stake in shares of Evergy during the 3rd quarter valued at about $51,000. Finally, USA Financial Formulas bought a new stake in Evergy in the fourth quarter valued at about $73,000. Institutional investors and hedge funds own 87.24% of the company’s stock.

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.