Baird Financial Group Inc. acquired a new position in Evergy (NASDAQ:EVRG) during the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 37,837 shares of the company’s stock, valued at approximately $2,125,000.
Several other institutional investors have also added to or reduced their stakes in EVRG. Bright Rock Capital Management LLC bought a new stake in Evergy during the 2nd quarter valued at $5,278,000. Rockland Trust Co. bought a new position in shares of Evergy in the second quarter worth $9,484,000. IFM Investors Pty Ltd bought a new position in shares of Evergy in the second quarter worth $660,000. CENTRAL TRUST Co bought a new position in shares of Evergy in the second quarter worth $393,000. Finally, Marshwinds Advisory Co. bought a new position in shares of Evergy in the second quarter worth $939,000.
In related news, Director Richard L. Hawley sold 2,100 shares of the company’s stock in a transaction on Friday, August 24th. The shares were sold at an average price of $57.26, for a total value of $120,246.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark A. Ruelle sold 52,250 shares of the company’s stock in a transaction on 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. Insiders sold 97,850 shares of company stock valued at $5,630,486 over the last quarter.
EVRG has been the topic of several research analyst reports. Bank of America initiated coverage on shares of Evergy in a report on Tuesday, June 5th. They issued a “neutral” rating on the stock. Zacks Investment Research cut shares of Evergy from a “buy” rating to a “hold” rating in a report on Friday, June 8th. SunTrust Banks initiated coverage on shares of Evergy in a report on Tuesday, June 5th. They issued a “buy” rating and a $61.00 price target on the stock. UBS Group upped their price target on shares of Evergy from $56.00 to $57.00 and gave the stock a “neutral” rating in a report on Thursday, June 21st. Finally, Guggenheim initiated coverage on shares of Evergy in a report on Friday, June 15th. They issued a “buy” rating and a $58.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $59.75.
Evergy stock opened at $57.76 on Friday. Evergy has a fifty-two week low of $47.06 and a fifty-two week high of $59.28.
Evergy (NASDAQ:EVRG) last released its quarterly earnings results on Thursday, August 9th. The company reported $0.56 earnings per share for the quarter, hitting the consensus estimate of $0.56. The firm had revenue of $893.40 million during the quarter, compared to the consensus estimate of $623.51 million. The company’s revenue for the quarter was up 46.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.50 EPS.
The company also recently declared a dividend, which will be paid on Thursday, September 20th. Stockholders of record on Wednesday, August 29th will be issued a $0.46 dividend. The ex-dividend date is Tuesday, August 28th.
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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