Tealwood Asset Management Inc. Has $3.14 Million Stake in Evergy (EVRG)

Tealwood Asset Management Inc. cut its stake in shares of Evergy (NASDAQ:EVRG) by 3.4% in the first quarter, HoldingsChannel reports. The institutional investor owned 54,073 shares of the company’s stock after selling 1,892 shares during the period. Evergy comprises approximately 1.3% of Tealwood Asset Management Inc.’s portfolio, making the stock its 28th largest holding. Tealwood Asset Management Inc.’s holdings in Evergy were worth $3,139,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc grew its position in shares of Evergy by 0.7% during the third quarter. Vanguard Group Inc now owns 29,586,321 shares of the company’s stock worth $1,624,880,000 after buying an additional 198,253 shares in the last quarter. FMR LLC grew its position in shares of Evergy by 16.7% during the fourth quarter. FMR LLC now owns 7,503,322 shares of the company’s stock worth $425,963,000 after buying an additional 1,075,097 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Evergy by 6.4% during the fourth quarter. Geode Capital Management LLC now owns 3,525,405 shares of the company’s stock worth $199,800,000 after buying an additional 212,498 shares in the last quarter. Northern Trust Corp grew its position in shares of Evergy by 4.7% during the fourth quarter. Northern Trust Corp now owns 3,200,681 shares of the company’s stock worth $181,703,000 after buying an additional 143,853 shares in the last quarter. Finally, Legal & General Group Plc grew its position in shares of Evergy by 8.2% during the fourth quarter. Legal & General Group Plc now owns 2,700,783 shares of the company’s stock worth $153,307,000 after buying an additional 204,160 shares in the last quarter.

EVRG stock traded up $0.29 during trading on Monday, hitting $58.01. 22,114 shares of the company’s stock were exchanged, compared to its average volume of 1,839,124. Evergy has a 52-week low of $50.81 and a 52-week high of $61.10.

Evergy (NASDAQ:EVRG) last posted its earnings results on Thursday, February 21st. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.16). The company had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.26 billion.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Monday, March 4th were paid a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date was Friday, March 1st.

In other news, Director Richard L. Hawley acquired 500 shares of Evergy stock in a transaction on Tuesday, February 26th. The stock was bought at an average price of $55.63 per share, for a total transaction of $27,815.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Charles A. Caisley sold 2,632 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $57.57, for a total value of $151,524.24. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,632 shares of company stock valued at $896,194.

Several research firms recently weighed in on EVRG. Goldman Sachs Group cut Evergy from a “neutral” rating to a “sell” rating and boosted their target price for the stock from $53.00 to $56.00 in a research note on Friday, January 4th. Zacks Investment Research upgraded Evergy from a “hold” rating to a “strong-buy” rating and set a $64.00 target price for the company in a research note on Friday, January 11th. Finally, Bank of America upgraded Evergy from a “neutral” rating to a “buy” rating and set a $62.00 target price for the company in a research note on Tuesday, February 12th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $60.14.

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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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