Ffcm LLC bought a new stake in Evergy (NASDAQ:EVRG) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 11,609 shares of the company’s stock, valued at approximately $638,000.
Several other institutional investors also recently modified their holdings of the company. Gulf International Bank UK Ltd raised its stake in shares of Evergy by 1.1% in the 3rd quarter. Gulf International Bank UK Ltd now owns 85,833 shares of the company’s stock valued at $4,713,000 after purchasing an additional 900 shares in the last quarter. CIBC Asset Management Inc raised its stake in shares of Evergy by 3.8% in the 3rd quarter. CIBC Asset Management Inc now owns 26,035 shares of the company’s stock valued at $1,430,000 after purchasing an additional 964 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Evergy by 1.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 70,946 shares of the company’s stock valued at $3,896,000 after purchasing an additional 985 shares in the last quarter. Gateway Investment Advisers LLC raised its stake in shares of Evergy by 0.7% in the 3rd quarter. Gateway Investment Advisers LLC now owns 209,080 shares of the company’s stock valued at $11,483,000 after purchasing an additional 1,418 shares in the last quarter. Finally, Commerce Bank raised its stake in Evergy by 2.8% during the third quarter. Commerce Bank now owns 59,299 shares of the company’s stock worth $3,257,000 after acquiring an additional 1,594 shares during the period.
In related news, SVP Jerl L. Banning sold 8,770 shares of the stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $57.75, for a total transaction of $506,467.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Greg A. Greenwood sold 4,815 shares of the stock in a transaction dated Tuesday, November 13th. The stock was sold at an average price of $59.39, for a total transaction of $285,962.85. The disclosure for this sale can be found here. In the last quarter, insiders have sold 15,585 shares of company stock worth $908,980.
Evergy (NASDAQ:EVRG) last released its quarterly earnings data on Thursday, November 8th. The company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.06. The business had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.67 billion. Evergy’s revenue was up 99.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.11 EPS.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 20th. Investors of record on Thursday, November 29th will be paid a dividend of $0.475 per share. The ex-dividend date of this dividend is Wednesday, November 28th. This represents a $1.90 annualized dividend and a yield of 3.24%.
Several research firms recently weighed in on EVRG. Zacks Investment Research upgraded shares of Evergy from a “sell” rating to a “hold” rating and set a $63.00 price objective on the stock in a research note on Monday, August 6th. Wells Fargo & Co set a $62.00 price objective on shares of Evergy and gave the stock a “buy” rating in a research note on Friday, October 5th. Finally, UBS Group dropped their price objective on shares of Evergy from $60.00 to $58.00 and set a “neutral” rating on the stock in a research note on Friday, September 21st. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $60.80.
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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