Baird Financial Group Inc. Buys New Stake in Evergy (EVRG)

Baird Financial Group Inc. bought a new position in Evergy (NASDAQ:EVRG) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 37,837 shares of the company’s stock, valued at approximately $2,125,000.

Other large investors also recently made changes to their positions in the company. Adviser Investments LLC purchased a new stake in Evergy during the second quarter valued at about $101,000. Proficio Capital Partners LLC purchased a new stake in Evergy during the second quarter valued at about $102,000. M&R Capital Management Inc. purchased a new stake in Evergy during the second quarter valued at about $102,000. Hudock Capital Group LLC purchased a new stake in Evergy during the second quarter valued at about $102,000. Finally, First Financial Corp IN purchased a new stake in Evergy during the second quarter valued at about $112,000.

NASDAQ EVRG opened at $57.76 on Friday. Evergy has a 12-month low of $47.06 and a 12-month high of $59.28.

Evergy (NASDAQ:EVRG) last posted its earnings results on Thursday, August 9th. The company reported $0.56 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.56. The firm had revenue of $893.40 million for the quarter, compared to analysts’ expectations of $623.51 million. The business’s revenue for the quarter was up 46.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.50 earnings per share.

The company also recently announced a dividend, which will be paid on Thursday, September 20th. Stockholders of record on Wednesday, August 29th will be issued a dividend of $0.46 per share. The ex-dividend date is Tuesday, August 28th.

Several analysts have issued reports on EVRG shares. Guggenheim started coverage on shares of Evergy in a research report on Friday, June 15th. They set a “buy” rating and a $58.00 price target for the company. Zacks Investment Research upgraded shares of Evergy from a “sell” rating to a “hold” rating and set a $63.00 price target for the company in a research report on Monday, August 6th. UBS Group upped their price target on shares of Evergy from $56.00 to $57.00 and gave the company a “neutral” rating in a research report on Thursday, June 21st. Bank of America started coverage on shares of Evergy in a research report on Tuesday, June 5th. They set a “neutral” rating for the company. Finally, SunTrust Banks started coverage on shares of Evergy in a research report on Tuesday, June 5th. They set a “buy” rating and a $61.00 price target for the company. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $59.75.

In other news, Director Richard L. Hawley sold 2,100 shares of the stock in a transaction dated Friday, August 24th. The shares were sold at an average price of $57.26, for a total transaction of $120,246.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark A. Ruelle sold 52,250 shares of the stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $57.58, for a total transaction of $3,008,555.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 97,850 shares of company stock valued at $5,630,486.

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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Institutional Ownership by Quarter for Evergy (NASDAQ:EVRG)

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