Marshall Wace North America L.P. lifted its holdings in shares of Evergy (NASDAQ:EVRG) by 2.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 297,367 shares of the company’s stock after purchasing an additional 6,877 shares during the period. Marshall Wace North America L.P. owned about 0.11% of Evergy worth $16,331,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Proficio Capital Partners LLC purchased a new position in shares of Evergy during the 2nd quarter worth approximately $102,000. M&R Capital Management Inc. purchased a new position in shares of Evergy during the 2nd quarter worth approximately $102,000. JNBA Financial Advisors increased its stake in shares of Evergy by 2,742.5% during the 3rd quarter. JNBA Financial Advisors now owns 2,075 shares of the company’s stock worth $114,000 after purchasing an additional 2,002 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new position in shares of Evergy during the 2nd quarter worth approximately $116,000. Finally, Dubuque Bank & Trust Co. purchased a new position in shares of Evergy during the 3rd quarter worth approximately $119,000.
A number of brokerages have recently weighed in on EVRG. Zacks Investment Research raised shares of Evergy from a “hold” rating to a “strong-buy” rating and set a $65.00 price objective for the company in a research note on Wednesday, October 10th. Wells Fargo & Co set a $62.00 price objective on shares of Evergy and gave the stock a “buy” rating in a research note on Friday, October 5th. Finally, UBS Group dropped their price objective on shares of Evergy from $60.00 to $58.00 and set a “neutral” rating for the company 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 assigned a strong buy rating to the stock. Evergy has an average rating of “Buy” and a consensus target price of $60.80.
In other Evergy news, EVP Anthony D. Somma sold 1,000 shares of Evergy stock in a transaction on Friday, October 26th. The shares were sold at an average price of $56.91, for a total value of $56,910.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Terry D. Bassham sold 10,940 shares of Evergy stock in a transaction on Tuesday, December 4th. The shares were sold at an average price of $60.54, for a total transaction of $662,307.60. The disclosure for this sale can be found here. Insiders sold a total of 26,525 shares of company stock valued at $1,571,288 over the last ninety days.
EVRG stock opened at $60.31 on Friday. Evergy has a one year low of $47.06 and a one year high of $61.10.
Evergy (NASDAQ:EVRG) last released its earnings results on Thursday, November 8th. The company reported $1.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.26 by $0.06. The firm had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.67 billion. The firm’s revenue was up 99.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.11 earnings per share.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 20th. Shareholders of record on Thursday, November 29th will be paid a $0.475 dividend. The ex-dividend date is Wednesday, November 28th. This represents a $1.90 annualized dividend and a yield of 3.15%.
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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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