Forsta AP Fonden Purchases Shares of 70,400 Evergy (EVRG)

Forsta AP Fonden purchased a new stake in Evergy (NASDAQ:EVRG) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 70,400 shares of the company’s stock, valued at approximately $3,953,000.

A number of other institutional investors and hedge funds have also modified their holdings of EVRG. BlackRock Inc. acquired a new position in Evergy in the second quarter valued at approximately $1,068,152,000. FMR LLC acquired a new position in Evergy in the second quarter valued at approximately $437,286,000. Commonwealth Bank of Australia acquired a new position in Evergy in the second quarter valued at approximately $337,943,000. Renaissance Technologies LLC acquired a new position in Evergy in the second quarter valued at approximately $301,928,000. Finally, Millennium Management LLC acquired a new position in Evergy in the second quarter valued at approximately $224,008,000.

In related news, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark A. Ruelle sold 43,500 shares of the company’s stock in a transaction on Tuesday, August 21st. The stock was sold at an average price of $57.51, for a total value of $2,501,685.00. The disclosure for this sale can be found here. Insiders have sold 97,850 shares of company stock valued at $5,630,486 in the last quarter.

EVRG has been the subject of several recent research reports. SunTrust Banks initiated coverage on Evergy in a report on Tuesday, June 5th. They set a “buy” rating and a $61.00 price objective for the company. Zacks Investment Research downgraded Evergy from a “hold” rating to a “strong sell” rating in a report on Saturday, July 14th. Bank of America initiated coverage on Evergy in a report on Tuesday, June 5th. They set a “neutral” rating for the company. UBS Group boosted their price objective on Evergy from $56.00 to $57.00 and gave the company a “neutral” rating in a report on Thursday, June 21st. Finally, Guggenheim initiated coverage on Evergy in a report on Friday, June 15th. They set a “buy” rating and a $58.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Evergy currently has a consensus rating of “Hold” and a consensus price target of $59.75.

NASDAQ EVRG opened at $57.76 on Friday. Evergy has a 52 week low of $47.06 and a 52 week high of $59.28.

Evergy (NASDAQ:EVRG) last released its quarterly earnings data on Thursday, August 9th. The company reported $0.56 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.56. The firm had revenue of $893.40 million for the quarter, compared to the consensus estimate of $623.51 million. The company’s revenue was up 46.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.50 EPS.

The business also recently declared a dividend, which will be paid on Thursday, September 20th. Investors of record on Wednesday, August 29th will be issued a dividend of $0.46 per share. The ex-dividend date of this dividend is Tuesday, August 28th.

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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Institutional Ownership by Quarter for Evergy (NASDAQ:EVRG)

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