Cadence Capital Management LLC Invests $315,000 in Evergy (EVRG)
Cadence Capital Management LLC purchased a new position in Evergy (NASDAQ:EVRG) in the second quarter, HoldingsChannel.com reports. The institutional investor purchased 5,611 shares of the company’s stock, valued at approximately $315,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Adviser Investments LLC purchased a new position in Evergy in the 2nd quarter worth $101,000. Hudock Capital Group LLC purchased a new position in Evergy in the 2nd quarter worth $102,000. M&R Capital Management Inc. purchased a new position in Evergy in the 2nd quarter worth $102,000. Trust Co. of Vermont purchased a new position in Evergy in the 2nd quarter worth $112,000. Finally, First Financial Corp IN purchased a new position in Evergy in the 2nd quarter worth $112,000.
EVRG opened at $57.35 on Friday. Evergy has a 12-month low of $47.06 and a 12-month high of $58.24.
The firm also recently announced a dividend, which will be paid on Thursday, September 20th. Investors of record on Wednesday, August 29th will be issued a dividend of $0.46 per share. The ex-dividend date of this dividend is Tuesday, August 28th.
A number of equities analysts recently issued reports on EVRG shares. SunTrust Banks initiated coverage on Evergy in a research note on Tuesday, June 5th. They issued a “buy” rating and a $61.00 target price for the company. Bank of America initiated coverage on Evergy in a research note on Tuesday, June 5th. They issued a “neutral” rating for the company. Zacks Investment Research cut Evergy from a “buy” rating to a “hold” rating in a research note on Friday, June 8th. Guggenheim initiated coverage on Evergy in a research note on Friday, June 15th. They issued a “buy” rating and a $58.00 price objective for the company. Finally, UBS Group raised their price objective on Evergy from $56.00 to $57.00 and gave the stock a “neutral” rating in a research note on Thursday, June 21st. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Evergy has an average rating of “Hold” and an average target price of $59.75.
In other Evergy news, Director Mark A. Ruelle sold 52,250 shares of Evergy stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $57.58, for a total transaction of $3,008,555.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mark A. Ruelle sold 43,500 shares of Evergy stock in a transaction dated Tuesday, August 21st. The shares were sold at an average price of $57.51, for a total value of $2,501,685.00. The disclosure for this sale can be found here. Insiders have sold a total of 97,850 shares of company stock valued at $5,630,486 in the last quarter.
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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