Canada Pension Plan Investment Board Decreases Position in Evergy (EVRG)

Canada Pension Plan Investment Board reduced its stake in shares of Evergy (NASDAQ:EVRG) by 87.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 142,180 shares of the company’s stock after selling 1,034,200 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.05% of Evergy worth $7,809,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of EVRG. M&R Capital Management Inc. acquired a new stake in shares of Evergy during the second quarter worth approximately $102,000. Proficio Capital Partners LLC bought a new position in Evergy during the second quarter valued at approximately $102,000. JNBA Financial Advisors raised its position in Evergy by 2,742.5% during the third quarter. JNBA Financial Advisors now owns 2,075 shares of the company’s stock valued at $114,000 after acquiring an additional 2,002 shares in the last quarter. Flagship Harbor Advisors LLC bought a new position in Evergy during the second quarter valued at approximately $116,000. Finally, Dubuque Bank & Trust Co. bought a new position in Evergy during the third quarter valued at approximately $119,000.

In other news, insider Terry D. Bassham sold 10,940 shares of Evergy stock in a transaction that occurred on Tuesday, December 4th. The shares were sold at an average price of $60.54, for a total value of $662,307.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Anthony D. Somma sold 1,000 shares of Evergy stock in a transaction that occurred on Friday, November 16th. The shares were sold at an average price of $59.64, for a total transaction of $59,640.00. The disclosure for this sale can be found here. In the last three months, insiders sold 26,525 shares of company stock worth $1,571,288.

EVRG has been the topic of several recent research reports. Wells Fargo & Co set a $62.00 price objective on shares of Evergy and gave the company a “buy” rating in a research report on Friday, October 5th. UBS Group cut their price objective on shares of Evergy from $60.00 to $58.00 and set a “neutral” rating on the stock in a research report on Friday, September 21st. Finally, Zacks Investment Research raised shares of Evergy from a “hold” rating to a “strong-buy” rating and set a $65.00 price objective on the stock in a research report on Wednesday, October 10th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Evergy currently has a consensus rating of “Buy” and an average price target of $60.80.

Shares of EVRG opened at $60.31 on Friday. Evergy has a twelve month low of $47.06 and a twelve month high of $61.10.

Evergy (NASDAQ:EVRG) last issued its quarterly earnings data on Thursday, November 8th. The company reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.06. The business had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.67 billion. Evergy’s revenue was up 99.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.11 EPS.

The firm also recently disclosed 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. This represents a $1.90 annualized dividend and a yield of 3.15%. The ex-dividend date is Wednesday, November 28th.

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Evergy 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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Institutional Ownership by Quarter for Evergy (NASDAQ:EVRG)

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