Advisory Services Network LLC purchased a new position in Evergy (NASDAQ:EVRG) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 6,584 shares of the company’s stock, valued at approximately $362,000.
Other hedge funds have also bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of Evergy in the second quarter valued at approximately $1,068,152,000. FMR LLC purchased a new stake in Evergy during the 2nd quarter worth about $437,286,000. Commonwealth Bank of Australia acquired a new stake in Evergy in the 2nd quarter worth about $337,943,000. Renaissance Technologies LLC acquired a new stake in Evergy in the 2nd quarter worth about $301,928,000. Finally, Millennium Management LLC acquired a new position in shares of Evergy in the 2nd quarter valued at about $224,008,000.
EVRG has been the topic of several analyst reports. UBS Group dropped their price objective on Evergy from $60.00 to $58.00 and set a “neutral” rating on the stock in a report on Friday, September 21st. Wells Fargo & Co set a $62.00 price target on Evergy and gave the stock a “buy” rating in a research report on Friday, October 5th. Finally, Zacks Investment Research upgraded Evergy from a “hold” rating to a “strong-buy” rating and set a $65.00 price objective for the company in a report on Wednesday, October 10th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $60.80.
Evergy (NASDAQ:EVRG) last posted its earnings results on Thursday, November 8th. The company reported $1.32 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.26 by $0.06. The business had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter in the prior year, the firm posted $1.11 earnings per share. The business’s revenue was up 99.2% on a year-over-year basis.
In other news, SVP Jerl L. Banning sold 8,770 shares of the company’s stock in a transaction on Friday, September 14th. The shares were sold at an average price of $57.75, for a total transaction of $506,467.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Anthony D. Somma sold 1,000 shares of the company’s stock in a transaction on Friday, October 26th. The stock was sold at an average price of $56.91, for a total transaction of $56,910.00. The disclosure for this sale can be found here. Insiders have sold 107,620 shares of company stock valued at $6,193,864 in the last quarter.
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: Hedge Funds Explained
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