Wetherby Asset Management Inc. acquired a new position in shares of Evergy (NYSE:EVRG) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 3,166 shares of the company’s stock, valued at approximately $211,000.
A number of other institutional investors also recently bought and sold shares of EVRG. Invesco Ltd. boosted its stake in Evergy by 34.3% in the 2nd quarter. Invesco Ltd. now owns 4,879,106 shares of the company’s stock worth $293,478,000 after buying an additional 1,246,803 shares during the last quarter. Commonwealth Bank of Australia boosted its stake in Evergy by 1.8% in the 2nd quarter. Commonwealth Bank of Australia now owns 4,100,212 shares of the company’s stock worth $246,616,000 after buying an additional 74,101 shares during the last quarter. Magellan Asset Management Ltd boosted its stake in Evergy by 12.2% in the 2nd quarter. Magellan Asset Management Ltd now owns 2,554,985 shares of the company’s stock worth $153,682,000 after buying an additional 276,878 shares during the last quarter. APG Asset Management N.V. boosted its stake in Evergy by 40.8% in the 2nd quarter. APG Asset Management N.V. now owns 2,158,522 shares of the company’s stock worth $114,010,000 after buying an additional 626,000 shares during the last quarter. Finally, California Public Employees Retirement System boosted its stake in Evergy by 1.8% in the 3rd quarter. California Public Employees Retirement System now owns 2,013,758 shares of the company’s stock worth $134,036,000 after buying an additional 36,305 shares during the last quarter. Hedge funds and other institutional investors own 84.65% of the company’s stock.
A number of analysts have issued reports on EVRG shares. UBS Group decreased their price target on Evergy from $68.00 to $67.00 and set a “neutral” rating on the stock in a research note on Friday, October 18th. Zacks Investment Research raised Evergy from a “sell” rating to a “hold” rating and set a $68.00 price target on the stock in a research note on Wednesday, August 14th. Guggenheim raised their price target on Evergy from $65.00 to $70.00 and gave the stock a “buy” rating in a research note on Tuesday, August 27th. ValuEngine lowered Evergy from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, SunTrust Banks raised their price target on Evergy from $66.00 to $67.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $66.29.
Evergy (NYSE:EVRG) last released its quarterly earnings data on Wednesday, November 6th. The company reported $1.57 earnings per share for the quarter, missing the consensus estimate of $1.59 by ($0.02). The firm had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.62 billion. Evergy had a net margin of 11.74% and a return on equity of 6.44%. During the same period in the prior year, the firm earned $1.38 earnings per share. On average, research analysts forecast that Evergy will post 2.88 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Wednesday, November 27th will be paid a $0.505 dividend. This is a positive change from Evergy’s previous quarterly dividend of $0.48. This represents a $2.02 annualized dividend and a dividend yield of 3.20%. The ex-dividend date is Tuesday, November 26th. Evergy’s payout ratio is currently 71.16%.
In other news, COO Kevin E. Bryant sold 4,000 shares of Evergy stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $65.18, for a total value of $260,720.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Heather A. Humphrey sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $66.20, for a total value of $66,200.00. Insiders sold a total of 11,000 shares of company stock worth $706,300 over the last ninety days. Corporate insiders own 0.38% of the company’s stock.
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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