United Services Automobile Association Lowers Stake in Evergy (EVRG)

United Services Automobile Association cut its holdings in shares of Evergy (NASDAQ:EVRG) by 4.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 222,236 shares of the company’s stock after selling 9,689 shares during the period. United Services Automobile Association owned 0.08% of Evergy worth $12,205,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. M&R Capital Management Inc. purchased a new position in shares of Evergy during the second quarter worth approximately $102,000. Proficio Capital Partners LLC purchased a new position in shares of Evergy during the second quarter worth approximately $102,000. JNBA Financial Advisors grew its position in shares of Evergy by 2,742.5% during the third quarter. JNBA Financial Advisors now owns 2,075 shares of the company’s stock worth $114,000 after acquiring an additional 2,002 shares during the last quarter. Flagship Harbor Advisors LLC purchased a new position in shares of Evergy during the second quarter worth approximately $116,000. Finally, Dubuque Bank & Trust Co. purchased a new position in shares of Evergy during the third quarter worth approximately $119,000.

In related news, SVP Jerl L. Banning sold 8,770 shares of Evergy stock in a transaction on Friday, September 14th. The shares were sold at an average price of $57.75, for a total value of $506,467.50. The transaction was disclosed in a document filed with the SEC, which is available through 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. Over the last quarter, insiders sold 26,525 shares of company stock worth $1,571,288.

NASDAQ:EVRG opened at $60.31 on Friday. Evergy has a 1-year low of $47.06 and a 1-year high of $61.10.

Evergy (NASDAQ:EVRG) last posted its quarterly earnings data on Thursday, November 8th. The company reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates 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. During the same quarter last year, the business earned $1.11 earnings per share. The business’s quarterly revenue was up 99.2% on a year-over-year basis.

The company 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 $0.475 dividend. The ex-dividend date is Wednesday, November 28th. This represents a $1.90 dividend on an annualized basis and a yield of 3.15%.

A number of brokerages have recently issued reports on EVRG. Wells Fargo & Co set a $62.00 target price on shares of Evergy and gave the stock a “buy” rating in a research report on Friday, October 5th. UBS Group lowered 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 upgraded 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 investment 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 has an average rating of “Buy” and an average price target of $60.80.

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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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