Zurcher Kantonalbank Zurich Cantonalbank Takes Position in Evergy (EVRG)

Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Evergy (NASDAQ:EVRG) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 45,466 shares of the company’s stock, valued at approximately $2,497,000.

A number of other large investors have also recently bought and sold shares of EVRG. BlackRock Inc. purchased a new stake in Evergy during the 2nd quarter worth approximately $1,068,152,000. FMR LLC purchased a new stake in shares of Evergy in the second quarter valued at approximately $437,286,000. Commonwealth Bank of Australia purchased a new stake in shares of Evergy in the second quarter valued at approximately $337,943,000. Renaissance Technologies LLC purchased a new stake in shares of Evergy in the second quarter valued at approximately $301,928,000. Finally, Millennium Management LLC purchased a new stake in shares of Evergy in the second quarter valued at approximately $224,008,000.

In related news, EVP Greg A. Greenwood sold 4,815 shares of the company’s stock in a transaction that occurred on Tuesday, November 13th. The stock was sold at an average price of $59.39, for a total value of $285,962.85. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Jerl L. Banning sold 8,770 shares of the company’s stock in a transaction that occurred on Friday, September 14th. The shares were sold at an average price of $57.75, for a total value of $506,467.50. The disclosure for this sale can be found here. Insiders sold 15,585 shares of company stock valued at $908,980 over the last 90 days.

EVRG has been the subject of a number of analyst reports. Wells Fargo & Co set a $62.00 price target on Evergy and gave the company a “buy” rating in a research report on Friday, October 5th. Zacks Investment Research upgraded 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. Finally, UBS Group dropped their price target on Evergy from $60.00 to $58.00 and set a “neutral” rating for the company in a research report on Friday, September 21st. Two research 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’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $60.80.

EVRG stock opened at $59.71 on Tuesday. 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 results on Thursday, November 8th. The company reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.06. The company had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.67 billion. Evergy’s revenue for the quarter was up 99.2% on a year-over-year basis. During the same quarter last year, the company earned $1.11 earnings per share.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 20th. Stockholders 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 dividend yield of 3.18%.

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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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