Mark A. Ruelle Sells 52,250 Shares of Evergy (EVRG) Stock

Evergy (NASDAQ:EVRG) 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 value of $3,008,555.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Shares of EVRG stock traded down $0.01 during trading hours on Thursday, reaching $57.68. The company had a trading volume of 1,828,400 shares, compared to its average volume of 1,372,953. Evergy has a 1-year low of $47.06 and a 1-year high of $58.22.

Evergy (NASDAQ:EVRG) last posted its quarterly earnings results on Thursday, August 9th. The company reported $0.56 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.56. The company had revenue of $893.40 million during the quarter, compared to analyst estimates of $623.51 million. The business’s revenue for the quarter was up 46.6% compared to the same quarter last year. During the same period last year, the company earned $0.50 EPS.

EVRG has been the topic of several research reports. Bank of America initiated coverage on Evergy in a report on Tuesday, June 5th. They set a “neutral” rating on the stock. Zacks Investment Research downgraded Evergy from a “buy” rating to a “hold” rating in a report on Friday, June 8th. SunTrust Banks initiated coverage on Evergy in a report on Tuesday, June 5th. They set a “buy” rating and a $61.00 price objective on the stock. UBS Group upped their price objective on Evergy from $56.00 to $57.00 and gave the stock a “neutral” rating in a report on Thursday, June 21st. Finally, Guggenheim started coverage on Evergy in a report on Friday, June 15th. They set a “buy” rating and a $58.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $59.75.

Several hedge funds have recently bought and sold shares of EVRG. BlackRock Inc. acquired a new position in shares of Evergy in the 2nd quarter valued at $1,068,152,000. FMR LLC acquired a new position in shares of Evergy in the 2nd quarter valued at $437,286,000. Commonwealth Bank of Australia acquired a new position in shares of Evergy in the 2nd quarter valued at $337,943,000. Renaissance Technologies LLC acquired a new position in shares of Evergy in the 2nd quarter valued at $301,928,000. Finally, Millennium Management LLC acquired a new position in shares of Evergy in the 2nd quarter valued at $224,008,000.

About Evergy

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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