Capital Analysts LLC Decreases Position in Evergy (EVRG)
Capital Analysts LLC reduced its stake in shares of Evergy (NASDAQ:EVRG) by 1.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 54,804 shares of the company’s stock after selling 1,038 shares during the quarter. Capital Analysts LLC’s holdings in Evergy were worth $3,010,000 as of its most recent filing with the SEC.
Other hedge funds also recently bought and sold shares of the company. Nomura Asset Management Co. Ltd. raised its position in Evergy by 2.5% during the third quarter. Nomura Asset Management Co. Ltd. now owns 96,428 shares of the company’s stock valued at $5,295,000 after acquiring an additional 2,368 shares in the last quarter. Toronto Dominion Bank boosted its stake in shares of Evergy by 1.3% in the 3rd quarter. Toronto Dominion Bank now owns 176,539 shares of the company’s stock valued at $9,694,000 after purchasing an additional 2,187 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Evergy by 4.8% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 892,068 shares of the company’s stock valued at $48,992,000 after purchasing an additional 40,926 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of Evergy by 208.2% in the 3rd quarter. SG Americas Securities LLC now owns 33,814 shares of the company’s stock valued at $1,857,000 after purchasing an additional 22,844 shares in the last quarter. Finally, ING Groep NV acquired a new stake in shares of Evergy in the 3rd quarter valued at $1,211,000.
Several equities research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Evergy from a “sell” rating to a “hold” rating and set a $63.00 target price on the stock in a research note on Monday, August 6th. Wells Fargo & Co set a $62.00 target price on shares of Evergy and gave the company a “buy” rating in a research note on Friday, October 5th. Finally, UBS Group reduced their target price on shares of Evergy from $60.00 to $58.00 and set a “neutral” rating on the stock in a research note on Friday, September 21st. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $60.80.
Evergy (NASDAQ:EVRG) last issued its quarterly earnings results on Thursday, November 8th. The company reported $1.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.26 by $0.06. The company had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.67 billion. The firm’s quarterly revenue was up 99.2% on a year-over-year basis. During the same quarter last year, the company earned $1.11 EPS.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 20th. Investors of record on Thursday, November 29th will be given a dividend of $0.475 per share. The ex-dividend date is Wednesday, November 28th. This represents a $1.90 annualized dividend and a yield of 3.18%.
In related news, Director Mark A. Ruelle sold 43,500 shares of the company’s stock in a transaction dated Tuesday, August 21st. The shares were sold at an average price of $57.51, for a total transaction of $2,501,685.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Richard L. Hawley sold 2,100 shares of the company’s stock in a transaction dated Friday, August 24th. The stock was sold at an average price of $57.26, for a total transaction of $120,246.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 55,370 shares of company stock worth $3,185,309.
Evergy Company Profile
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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