Texas Permanent School Fund decreased its position in shares of Evergy (NASDAQ:EVRG) by 6.5% during the first quarter, according to its most recent filing with the SEC. The firm owned 49,537 shares of the company’s stock after selling 3,454 shares during the period. Texas Permanent School Fund’s holdings in Evergy were worth $2,876,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of EVRG. American National Insurance Co. TX bought a new stake in shares of Evergy in the 1st quarter worth approximately $3,095,000. American National Registered Investment Advisor Inc. bought a new stake in shares of Evergy in the 1st quarter worth approximately $358,000. Comerica Bank boosted its position in shares of Evergy by 9.0% in the 1st quarter. Comerica Bank now owns 172,872 shares of the company’s stock worth $9,881,000 after purchasing an additional 14,262 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its position in shares of Evergy by 46.9% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 74,788 shares of the company’s stock worth $4,341,000 after purchasing an additional 23,860 shares in the last quarter. Finally, Andesa Financial Management Inc. boosted its position in shares of Evergy by 127.9% in the 1st quarter. Andesa Financial Management Inc. now owns 10,100 shares of the company’s stock worth $588,000 after purchasing an additional 5,669 shares in the last quarter.
A number of brokerages have recently commented on EVRG. Zacks Investment Research raised Evergy from a “sell” rating to a “hold” rating in a research report on Wednesday, April 24th. Bank of America raised Evergy from a “neutral” rating to a “buy” rating and set a $62.00 price target on the stock in a research report on Tuesday, February 12th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. Evergy currently has a consensus rating of “Hold” and a consensus price target of $60.14.
In related news, EVP Anthony D. Somma sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $59.04, for a total value of $59,040.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Charles A. Caisley sold 2,632 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $57.57, for a total value of $151,524.24. The disclosure for this sale can be found here. Insiders sold a total of 15,632 shares of company stock worth $896,584 over the last ninety days.
EVRG stock traded up $0.25 during midday trading on Thursday, hitting $58.46. The company’s stock had a trading volume of 4,213 shares, compared to its average volume of 1,789,185. Evergy has a 12 month low of $50.89 and a 12 month high of $61.10.
Evergy (NASDAQ:EVRG) last released its quarterly earnings data on Wednesday, May 8th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.02. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period last year, the company posted $0.34 earnings per share.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, May 30th will be given a $0.475 dividend. The ex-dividend date of this dividend is Wednesday, May 29th. This represents a $1.90 annualized dividend and a yield of 3.25%.
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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