Evergy, Inc. (NASDAQ:EVRG) Short Interest Update

Evergy, Inc. (NASDAQ:EVRG) was the recipient of a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 9,600,000 shares, a decrease of 6.3% from the January 15th total of 10,240,000 shares. Based on an average trading volume of 1,870,000 shares, the days-to-cover ratio is currently 5.1 days. Approximately 4.2% of the shares of the stock are short sold.

Evergy Stock Up 0.4 %

Shares of NASDAQ:EVRG traded up $0.27 during midday trading on Tuesday, hitting $66.93. The stock had a trading volume of 353,059 shares, compared to its average volume of 1,690,153. Evergy has a 12 month low of $48.60 and a 12 month high of $67.89. The company has a quick ratio of 0.32, a current ratio of 0.55 and a debt-to-equity ratio of 1.15. The business’s 50-day simple moving average is $62.82 and its 200-day simple moving average is $61.66. The company has a market cap of $15.39 billion, a P/E ratio of 18.09, a PEG ratio of 2.75 and a beta of 0.66.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. LADENBURG THALM/SH SH raised shares of Evergy from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $59.00 to $68.50 in a report on Thursday, January 2nd. Guggenheim upgraded shares of Evergy from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Mizuho began coverage on shares of Evergy in a report on Tuesday, October 29th. They set an “outperform” rating and a $67.00 target price on the stock. Finally, Barclays dropped their target price on shares of Evergy from $65.00 to $62.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $65.36.

Hedge Funds Weigh In On Evergy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Woodline Partners LP bought a new position in Evergy during the fourth quarter worth $850,000. iSAM Funds UK Ltd bought a new position in Evergy during the fourth quarter worth $840,000. Vennlight Capital Management LP bought a new position in Evergy during the fourth quarter worth $10,363,000. Vident Advisory LLC boosted its position in Evergy by 60.8% during the fourth quarter. Vident Advisory LLC now owns 6,971 shares of the company’s stock worth $429,000 after purchasing an additional 2,637 shares during the period. Finally, Wexford Capital LP boosted its position in Evergy by 15.1% during the fourth quarter. Wexford Capital LP now owns 97,727 shares of the company’s stock worth $6,015,000 after purchasing an additional 12,801 shares during the period. 87.24% of the stock is owned by institutional investors.

About Evergy

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.