Evergy (EVRG) Position Lifted by Scout Investments Inc.

Scout Investments Inc. increased its position in shares of Evergy (NASDAQ:EVRG) by 446.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,517,831 shares of the company’s stock after buying an additional 1,240,119 shares during the quarter. Evergy comprises 2.2% of Scout Investments Inc.’s investment portfolio, making the stock its 3rd biggest holding. Scout Investments Inc. owned about 0.58% of Evergy worth $86,167,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in EVRG. SG Americas Securities LLC purchased a new position in shares of Evergy in the 2nd quarter valued at approximately $616,000. GSA Capital Partners LLP purchased a new position in shares of Evergy in the 2nd quarter valued at approximately $318,000. Dimensional Fund Advisors LP purchased a new position in shares of Evergy in the 2nd quarter valued at approximately $64,426,000. PNC Financial Services Group Inc. purchased a new position in shares of Evergy in the 2nd quarter valued at approximately $1,253,000. Finally, FMR LLC purchased a new position in shares of Evergy in the 2nd quarter valued at approximately $437,286,000.

Several research analysts have weighed in on EVRG shares. Goldman Sachs Group downgraded Evergy from a “neutral” rating to a “sell” rating and lifted their target price for the company from $53.00 to $56.00 in a research note on Friday, January 4th. Wells Fargo & Co set a $62.00 price target on Evergy and gave the company a “buy” rating in a report on Friday, October 5th. Zacks Investment Research raised Evergy from a “hold” rating to a “strong-buy” rating and set a $65.00 price target for the company in a report on Wednesday, October 10th. Finally, UBS Group reduced their price target on Evergy from $60.00 to $58.00 and set a “neutral” rating for the company in a report on Friday, September 21st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $59.83.

In related news, EVP Greg A. Greenwood sold 4,815 shares of Evergy stock in a transaction on Tuesday, November 13th. The stock was sold at an average price of $59.39, for a total transaction of $285,962.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Anthony D. Somma sold 1,000 shares of Evergy stock in a transaction on Friday, October 26th. The stock was sold at an average price of $56.91, for a total value of $56,910.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 18,755 shares of company stock valued at $1,124,990.

Shares of EVRG traded down $0.39 during mid-day trading on Friday, hitting $56.47. The company’s stock had a trading volume of 2,056,810 shares, compared to its average volume of 1,698,325. Evergy has a 1-year low of $47.06 and a 1-year high of $61.10.

Evergy (NASDAQ:EVRG) last issued its quarterly earnings data on Thursday, November 8th. The company reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.06. The firm had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.67 billion. The business’s revenue for the quarter was up 99.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.11 earnings per share.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 20th. Investors of record on Thursday, November 29th were issued a dividend of $0.475 per share. The ex-dividend date was Wednesday, November 28th. This represents a $1.90 annualized dividend and a yield of 3.36%.

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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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