D.A. Davidson & CO. Buys Shares of 4,687 Evergy (EVRG)

D.A. Davidson & CO. bought a new stake in shares of Evergy (NASDAQ:EVRG) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 4,687 shares of the company’s stock, valued at approximately $263,000.

A number of other large investors have also bought and sold shares of EVRG. Massachusetts Financial Services Co. MA purchased a new position in Evergy during the 2nd quarter valued at about $129,959,000. Wedge Capital Management L L P NC acquired a new stake in shares of Evergy during the 2nd quarter worth about $124,319,000. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in shares of Evergy during the 2nd quarter worth about $47,792,000. Victory Capital Management Inc. acquired a new stake in shares of Evergy during the 2nd quarter worth about $33,507,000. Finally, Retirement Systems of Alabama acquired a new stake in shares of Evergy during the 2nd quarter worth about $29,326,000.

In other Evergy news, Director Mark A. Ruelle sold 52,250 shares of the firm’s stock in a transaction dated Wednesday, August 15th. The shares were sold at an average price of $57.58, for a total transaction of $3,008,555.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Several research firms have issued reports on EVRG. SunTrust Banks began coverage on shares of Evergy in a research note on Tuesday, June 5th. They set a “buy” rating and a $61.00 price target on the stock. Zacks Investment Research cut shares of Evergy from a “hold” rating to a “strong sell” rating in a research note on Saturday, July 14th. Bank of America began coverage on shares of Evergy in a research note on Tuesday, June 5th. They set a “neutral” rating on the stock. UBS Group raised their price target on shares of Evergy from $56.00 to $57.00 and gave the stock a “neutral” rating in a research note on Thursday, June 21st. Finally, Guggenheim began coverage on shares of Evergy in a research note on Friday, June 15th. They set a “buy” rating and a $58.00 price target on the stock. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $59.75.

Evergy stock opened at $57.68 on Friday. Evergy has a 12-month low of $47.06 and a 12-month high of $58.22.

Evergy (NASDAQ:EVRG) last released its quarterly earnings results on Thursday, August 9th. The company reported $0.56 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.56. The firm had revenue of $893.40 million for the quarter, compared to analyst estimates of $623.51 million. During the same period in the prior year, the business earned $0.50 earnings per share. Evergy’s revenue for the quarter was up 46.6% on a year-over-year basis.

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.

Further Reading: Investing in Dividend Stocks

Want to see what other hedge funds are holding EVRG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Evergy (NASDAQ:EVRG).

Institutional Ownership by Quarter for Evergy (NASDAQ:EVRG)

Receive News & Ratings for Evergy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Evergy and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply