Evergy (EVRG) SVP Sells $151,524.24 in Stock

Evergy (NASDAQ:EVRG) SVP Charles A. Caisley sold 2,632 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $57.57, for a total transaction of $151,524.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

NASDAQ EVRG traded up $0.55 during trading hours on Friday, reaching $57.67. The company’s stock had a trading volume of 6,149,190 shares, compared to its average volume of 1,971,106. Evergy has a fifty-two week low of $49.74 and a fifty-two week high of $61.10.

Evergy (NASDAQ:EVRG) last issued its quarterly earnings data on Thursday, February 21st. The company reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.16). The company had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.26 billion.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 20th. Investors of record on Monday, March 4th will be paid a $0.475 dividend. The ex-dividend date of this dividend is Friday, March 1st. This represents a $1.90 dividend on an annualized basis and a yield of 3.29%.

A number of hedge funds and other institutional investors have recently modified their holdings of EVRG. BlackRock Inc. grew its stake in Evergy by 11.7% in the 3rd quarter. BlackRock Inc. now owns 21,248,712 shares of the company’s stock valued at $1,166,980,000 after acquiring an additional 2,225,498 shares during the last quarter. Zimmer Partners LP boosted its stake in shares of Evergy by 56.3% during the 3rd quarter. Zimmer Partners LP now owns 5,470,601 shares of the company’s stock worth $300,445,000 after purchasing an additional 1,970,694 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in shares of Evergy by 5,507.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,660,636 shares of the company’s stock worth $29,000 after purchasing an additional 1,631,019 shares during the last quarter. Scout Investments Inc. boosted its stake in shares of Evergy by 446.5% during the 4th quarter. Scout Investments Inc. now owns 1,517,831 shares of the company’s stock worth $86,167,000 after purchasing an additional 1,240,119 shares during the last quarter. Finally, FMR LLC boosted its stake in shares of Evergy by 16.7% during the 4th quarter. FMR LLC now owns 7,503,322 shares of the company’s stock worth $425,963,000 after purchasing an additional 1,075,097 shares during the last quarter.

A number of brokerages recently commented on EVRG. Goldman Sachs Group cut shares of Evergy from a “neutral” rating to a “sell” rating and increased their price objective for the company from $53.00 to $56.00 in a research note on Friday, January 4th. Bank of America raised shares of Evergy from a “neutral” rating to a “buy” rating and set a $62.00 price objective on the stock in a research note on Tuesday, February 12th. Finally, Zacks Investment Research raised shares of Evergy from a “hold” rating to a “strong-buy” rating and set a $64.00 price objective on the stock in a research note on Friday, January 11th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $60.14.

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Evergy Company Profile

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: Do investors pay a separate front-end load every time they buy additional shares?

Insider Buying and Selling by Quarter for Evergy (NASDAQ:EVRG)

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