Bright Rock Capital Management LLC Lowers Holdings in Evergy (NASDAQ:EVRG)

Bright Rock Capital Management LLC trimmed its position in Evergy (NASDAQ:EVRG) by 8.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 78,175 shares of the company’s stock after selling 7,000 shares during the period. Bright Rock Capital Management LLC’s holdings in Evergy were worth $4,702,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Pin Oak Investment Advisors Inc. purchased a new position in Evergy in the 4th quarter valued at $28,000. Raymond James & Associates grew its position in Evergy by 11.2% in the 1st quarter. Raymond James & Associates now owns 832,250 shares of the company’s stock valued at $48,312,000 after buying an additional 83,733 shares during the last quarter. Whitehelm Capital Pty Ltd grew its position in Evergy by 13.0% in the 1st quarter. Whitehelm Capital Pty Ltd now owns 87,753 shares of the company’s stock valued at $5,094,000 after buying an additional 10,114 shares during the last quarter. Willingdon Wealth Management grew its position in Evergy by 3.3% in the 1st quarter. Willingdon Wealth Management now owns 63,633 shares of the company’s stock valued at $3,694,000 after buying an additional 2,017 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in Evergy by 10.2% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 485,985 shares of the company’s stock valued at $28,211,000 after buying an additional 44,950 shares during the last quarter.

A number of research firms recently weighed in on EVRG. Zacks Investment Research lowered shares of Hallmark Financial Services from a “buy” rating to a “hold” rating in a research report on Thursday, July 18th. UBS Group reiterated a “buy” rating on shares of Fortis in a research report on Friday, June 7th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $61.20.

Shares of NASDAQ EVRG traded up $0.09 during trading on Tuesday, hitting $60.67. 1,250,500 shares of the company were exchanged, compared to its average volume of 1,690,414. Evergy has a 1 year low of $54.19 and a 1 year high of $62.12. The stock has a fifty day moving average price of $60.69.

Evergy (NASDAQ:EVRG) last issued its earnings results on Wednesday, May 8th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.42 by $0.02. The company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the previous year, the firm posted $0.34 earnings per share.

In other news, SVP Heather A. Humphrey sold 1,000 shares of Evergy stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $57.37, for a total transaction of $57,370.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director S Carl Soderstrom, Jr. sold 4,000 shares of Evergy stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $58.30, for a total value of $233,200.00. The disclosure for this sale can be found here. Insiders have sold a total of 11,000 shares of company stock worth $645,410 over the last 90 days.

About Evergy

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.

Further Reading: Why is Cost of Capital Important?

Want to see what other hedge funds are holding EVRG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Evergy (NASDAQ:EVRG).

Institutional Ownership by Quarter for Evergy (NASDAQ:EVRG)

Receive News & Ratings for Evergy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Evergy and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit