Vaughan David Investments LLC IL raised its stake in Evergy (NASDAQ:EVRG) by 2.5% during the first quarter, Holdings Channel reports. The institutional investor owned 365,101 shares of the company’s stock after acquiring an additional 8,846 shares during the period. Vaughan David Investments LLC IL’s holdings in Evergy were worth $21,194,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EVRG. Change Path LLC bought a new stake in shares of Evergy during the 4th quarter valued at about $213,000. Pin Oak Investment Advisors Inc. bought a new stake in shares of Evergy during the 4th quarter valued at about $28,000. Whitehelm Capital Pty Ltd boosted its position in shares of Evergy by 13.0% during the 1st quarter. Whitehelm Capital Pty Ltd now owns 87,753 shares of the company’s stock valued at $5,094,000 after purchasing an additional 10,114 shares in the last quarter. Raymond James & Associates boosted its position in shares of Evergy by 11.2% during the 1st quarter. Raymond James & Associates now owns 832,250 shares of the company’s stock valued at $48,312,000 after purchasing an additional 83,733 shares in the last quarter. Finally, Morgan Stanley boosted its position in shares of Evergy by 64.7% during the 3rd quarter. Morgan Stanley now owns 1,854,479 shares of the company’s stock valued at $101,847,000 after purchasing an additional 728,308 shares in the last quarter.
In related news, EVP Anthony D. Somma sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $56.21, for a total transaction of $56,210.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Richard L. Hawley purchased 500 shares of the company’s stock in a transaction that occurred on Tuesday, February 26th. The shares were purchased at an average cost of $55.63 per share, for a total transaction of $27,815.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 18,632 shares of company stock worth $1,070,744.
Shares of Evergy stock traded up $0.15 on Wednesday, hitting $58.91. 11,978 shares of the company’s stock traded hands, compared to its average volume of 1,778,311. Evergy has a one year low of $50.89 and a one year high of $61.10.
Evergy (NASDAQ:EVRG) last announced its earnings results on Wednesday, May 8th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.42 by $0.02. The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the previous year, the company earned $0.34 EPS.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, May 30th will be given a dividend of $0.475 per share. The ex-dividend date of this dividend is Wednesday, May 29th. This represents a $1.90 annualized dividend and a dividend yield of 3.23%.
Several equities research analysts recently commented on the company. Bank of America upgraded Evergy from a “neutral” rating to a “buy” rating and set a $62.00 target price on the stock in a research report on Tuesday, February 12th. Zacks Investment Research upgraded Evergy from a “sell” rating to a “hold” rating in a research report on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $60.14.
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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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