GSA Capital Partners LLP lifted its position in shares of Evergy (NASDAQ:EVRG) by 346.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,292 shares of the company’s stock after buying an additional 19,623 shares during the period. GSA Capital Partners LLP’s holdings in Evergy were worth $1,389,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new stake in shares of Evergy during the 2nd quarter worth $4,579,000. Commonwealth Bank of Australia acquired a new stake in shares of Evergy during the 2nd quarter worth $337,943,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Evergy during the 2nd quarter worth $176,000. Summit Trail Advisors LLC acquired a new stake in shares of Evergy during the 2nd quarter worth $127,000. Finally, Edgemoor Investment Advisors Inc. purchased a new stake in Evergy during the 3rd quarter worth $4,300,000.
Shares of Evergy stock 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 announced its quarterly earnings results on Thursday, November 8th. The company reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.06. The business had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.67 billion. During the same period last year, the company posted $1.11 earnings per share. The firm’s revenue for the quarter was up 99.2% on a year-over-year basis.
The firm 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 of this dividend is Wednesday, November 28th. This represents a $1.90 dividend on an annualized basis and a yield of 3.15%.
A number of analysts recently weighed in on the stock. Zacks Investment Research raised shares of Evergy from a “hold” rating to a “strong-buy” rating and set a $65.00 price target for the company in a research report on Wednesday, October 10th. Wells Fargo & Co set a $62.00 price target on shares of Evergy and gave the stock a “buy” rating in a research report on Friday, October 5th. Finally, UBS Group decreased their price target on shares of Evergy from $60.00 to $58.00 and set a “neutral” rating for the company in a research report on Friday, September 21st. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $60.80.
In related news, EVP Anthony D. Somma sold 1,000 shares of the company’s stock in a transaction on Friday, October 26th. The shares were sold at an average price of $56.91, for a total transaction of $56,910.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jerl L. Banning sold 8,770 shares of the company’s stock in a transaction on Friday, September 14th. The stock was sold at an average price of $57.75, for a total transaction of $506,467.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 26,525 shares of company stock valued at $1,571,288.
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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