Evergy (NYSE:EVRG) Position Reduced by Boston Private Wealth LLC

Boston Private Wealth LLC trimmed its stake in shares of Evergy (NYSE:EVRG) by 5.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,804 shares of the company’s stock after selling 868 shares during the quarter. Boston Private Wealth LLC’s holdings in Evergy were worth $985,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Invesco Ltd. lifted its position in shares of Evergy by 34.3% in the 2nd quarter. Invesco Ltd. now owns 4,879,106 shares of the company’s stock worth $293,478,000 after buying an additional 1,246,803 shares during the last quarter. Nuveen Asset Management LLC lifted its position in shares of Evergy by 147.3% in the 2nd quarter. Nuveen Asset Management LLC now owns 1,312,062 shares of the company’s stock worth $78,920,000 after buying an additional 781,566 shares during the last quarter. BNP Paribas Arbitrage SA lifted its position in shares of Evergy by 565.6% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 863,951 shares of the company’s stock worth $51,967,000 after buying an additional 734,160 shares during the last quarter. APG Asset Management N.V. lifted its position in shares of Evergy by 40.8% in the 2nd quarter. APG Asset Management N.V. now owns 2,158,522 shares of the company’s stock worth $114,010,000 after buying an additional 626,000 shares during the last quarter. Finally, California Public Employees Retirement System lifted its position in shares of Evergy by 19.6% in the 2nd quarter. California Public Employees Retirement System now owns 1,977,453 shares of the company’s stock worth $118,944,000 after buying an additional 324,016 shares during the last quarter. Hedge funds and other institutional investors own 84.65% of the company’s stock.

EVRG has been the topic of a number of recent research reports. Wells Fargo & Co set a $69.00 price target on shares of Evergy and gave the stock a “hold” rating in a research report on Tuesday, September 3rd. ValuEngine cut shares of Evergy from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Guggenheim increased their price objective on shares of Evergy from $65.00 to $70.00 and gave the stock a “buy” rating in a report on Tuesday, August 27th. Bank of America cut shares of Evergy from a “buy” rating to a “neutral” rating and set a $67.00 price objective on the stock. in a report on Thursday, October 10th. Finally, Zacks Investment Research raised shares of Evergy from a “sell” rating to a “hold” rating and set a $68.00 price objective on the stock in a report on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $66.29.

EVRG stock opened at $63.06 on Friday. The company has a quick ratio of 0.30, a current ratio of 0.44 and a debt-to-equity ratio of 0.81. Evergy has a fifty-two week low of $54.57 and a fifty-two week high of $67.81. The firm’s 50-day simple moving average is $64.51 and its 200 day simple moving average is $61.87. The stock has a market cap of $14.72 billion, a PE ratio of 23.62, a price-to-earnings-growth ratio of 3.30 and a beta of 0.13.

Evergy (NYSE:EVRG) last released its quarterly earnings data on Wednesday, November 6th. The company reported $1.57 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.59 by ($0.02). Evergy had a return on equity of 6.44% and a net margin of 11.74%. The firm had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.62 billion. During the same period last year, the business earned $1.38 EPS. Equities analysts forecast that Evergy will post 2.88 EPS for the current fiscal year.

In other Evergy news, COO Kevin E. Bryant sold 4,000 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $65.18, for a total transaction of $260,720.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Greg A. Greenwood sold 6,000 shares of the firm’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $63.23, for a total transaction of $379,380.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,000 shares of company stock worth $706,300. Corporate insiders own 0.38% of the company’s stock.

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 (NYSE:EVRG)

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