Gateway Investment Advisers LLC grew its stake in shares of Evergy (NASDAQ:EVRG) by 0.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 209,080 shares of the company’s stock after purchasing an additional 1,418 shares during the quarter. Gateway Investment Advisers LLC owned approximately 0.08% of Evergy worth $11,483,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in EVRG. BlackRock Inc. acquired a new stake in Evergy during the second quarter worth approximately $1,068,152,000. FMR LLC acquired a new stake in Evergy during the second quarter worth approximately $437,286,000. Commonwealth Bank of Australia purchased a new position in shares of Evergy during the second quarter worth approximately $337,943,000. Renaissance Technologies LLC purchased a new position in shares of Evergy during the second quarter worth approximately $301,928,000. Finally, Millennium Management LLC purchased a new position in shares of Evergy during the second quarter worth approximately $224,008,000.
In other news, Director Richard L. Hawley sold 2,100 shares of the firm’s stock in a transaction that occurred on Friday, August 24th. The shares were sold at an average price of $57.26, for a total transaction of $120,246.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Mark A. Ruelle sold 43,500 shares of Evergy stock in a transaction on Tuesday, August 21st. The shares were sold at an average price of $57.51, for a total transaction of $2,501,685.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 106,620 shares of company stock worth $6,136,954.
Evergy (NASDAQ:EVRG) last announced its earnings results on Thursday, August 9th. The company reported $0.56 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.56. The business had revenue of $893.40 million for the quarter, compared to analysts’ expectations of $623.51 million. The business’s revenue was up 46.6% on a year-over-year basis. During the same quarter last year, the business posted $0.50 earnings per share.
The firm also recently announced a dividend, which was paid on Thursday, September 20th. Stockholders of record on Wednesday, August 29th were given a dividend of $0.46 per share. The ex-dividend date was Tuesday, August 28th.
EVRG has been the topic of a number of research reports. UBS Group raised their target price on shares of Evergy from $56.00 to $57.00 and gave the stock a “neutral” rating in a research report on Thursday, June 21st. Zacks Investment Research lowered shares of Evergy from a “hold” rating to a “strong sell” rating in a research report on Saturday, July 14th. Finally, Wells Fargo & Co set a $62.00 target price on shares of Evergy and gave the stock a “buy” rating in a research report on Friday, October 5th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Evergy currently has an average rating of “Buy” and an average target price of $60.80.
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.
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