Paloma Partners Management Co bought a new position in Evergy (NASDAQ:EVRG) in the 2nd quarter, Holdings Channel.com reports. The firm bought 160,442 shares of the company’s stock, valued at approximately $9,651,000.
Several other hedge funds and other institutional investors also recently modified their holdings of the company. CWM LLC boosted its holdings in Evergy by 325.0% in the second quarter. CWM LLC now owns 425 shares of the company’s stock valued at $26,000 after purchasing an additional 325 shares during the last quarter. Rockefeller Capital Management L.P. boosted its holdings in Evergy by 66.3% in the second quarter. Rockefeller Capital Management L.P. now owns 424 shares of the company’s stock valued at $26,000 after purchasing an additional 169 shares during the last quarter. Bremer Bank National Association purchased a new position in Evergy in the first quarter valued at about $37,000. Centersquare Investment Management LLC purchased a new position in Evergy in the first quarter valued at about $38,000. Finally, Icon Wealth Partners LLC purchased a new position in Evergy in the first quarter valued at about $40,000.
NASDAQ EVRG traded up $0.39 on Thursday, hitting $65.54. 48,249 shares of the stock traded hands, compared to its average volume of 1,688,103. The stock has a 50-day moving average of $63.73 and a 200 day moving average of $59.94. Evergy has a twelve month low of $54.19 and a twelve month high of $66.01.
Evergy (NASDAQ:EVRG) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.58 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.02). The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter in the prior year, the firm earned $0.67 EPS.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 2.90%. The ex-dividend date is Thursday, August 29th.
A number of research analysts recently commented on EVRG shares. Zacks Investment Research raised Evergy from a “sell” rating to a “hold” rating and set a $68.00 price target for the company in a report on Wednesday, August 14th. UBS Group increased their price target on Evergy from $58.00 to $61.00 and gave the company a “neutral” rating in a report on Friday, June 7th. Wells Fargo & Co set a $69.00 price target on Evergy and gave the company a “hold” rating in a report on Tuesday, September 3rd. SunTrust Banks increased their price target on Evergy from $66.00 to $67.00 and gave the company a “buy” rating in a report on Friday, August 9th. Finally, Guggenheim increased their price target on Evergy from $65.00 to $70.00 and gave the company a “buy” rating in a report on Tuesday, August 27th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $64.71.
In other Evergy news, COO Kevin E. Bryant sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $65.18, for a total transaction of $260,720.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Greg A. Greenwood sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $63.23, for a total value of $379,380.00. The disclosure for this sale can be found here.
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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