Evergy (EVRG) Position Raised by First Trust Advisors LP

First Trust Advisors LP boosted its holdings in shares of Evergy (NASDAQ:EVRG) by 13.6% in the first quarter, HoldingsChannel reports. The firm owned 948,174 shares of the company’s stock after acquiring an additional 113,874 shares during the period. First Trust Advisors LP’s holdings in Evergy were worth $55,042,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in EVRG. Teachers Advisors LLC increased its holdings in shares of Evergy by 15.5% during the 3rd quarter. Teachers Advisors LLC now owns 971,434 shares of the company’s stock valued at $53,351,000 after purchasing an additional 130,525 shares in the last quarter. Morgan Stanley increased its holdings in shares of Evergy by 64.7% during the 3rd quarter. Morgan Stanley now owns 1,854,479 shares of the company’s stock valued at $101,847,000 after purchasing an additional 728,308 shares in the last quarter. Vanguard Group Inc increased its holdings in shares of Evergy by 0.7% during the 3rd quarter. Vanguard Group Inc now owns 29,586,321 shares of the company’s stock valued at $1,624,880,000 after purchasing an additional 198,253 shares in the last quarter. Virtu Financial LLC increased its holdings in shares of Evergy by 3.3% during the 4th quarter. Virtu Financial LLC now owns 6,692 shares of the company’s stock valued at $380,000 after purchasing an additional 214 shares in the last quarter. Finally, Meeder Asset Management Inc. increased its holdings in shares of Evergy by 209.7% during the 4th quarter. Meeder Asset Management Inc. now owns 1,437 shares of the company’s stock valued at $82,000 after purchasing an additional 973 shares in the last quarter.

In related news, EVP Anthony D. Somma sold 1,000 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $56.21, for a total value of $56,210.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard L. Hawley purchased 500 shares of the business’s stock in a transaction that occurred on Tuesday, February 26th. The stock was bought at an average cost of $55.63 per share, with a total value of $27,815.00. The disclosure for this purchase can be found here. In the last three months, insiders sold 18,632 shares of company stock valued at $1,070,744.

Several equities research analysts recently commented on the stock. Zacks Investment Research raised shares of Evergy from a “sell” rating to a “hold” rating in a report on Wednesday, April 24th. Bank of America raised shares of Evergy from a “neutral” rating to a “buy” rating and set a $62.00 price target for the company in a report on Tuesday, February 12th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $60.14.

Shares of NASDAQ EVRG opened at $59.41 on Monday. Evergy has a one year low of $50.89 and a one year high of $61.10.

Evergy (NASDAQ:EVRG) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.42 by $0.02. The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same period in the previous year, the firm posted $0.34 EPS.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, May 30th will be issued a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 3.20%. The ex-dividend date of this dividend is Wednesday, May 29th.

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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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