Evergy (NASDAQ:EVRG) EVP Greg A. Greenwood sold 8,000 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $57.28, for a total value of $458,240.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
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 52 week low of $49.74 and a 52 week high of $61.10.
Evergy (NASDAQ:EVRG) last posted its quarterly earnings results on Thursday, February 21st. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.16). The company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.26 billion.
The firm also recently declared 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. This represents a $1.90 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date is Friday, March 1st.
EVRG has been the topic of a number of analyst reports. Bank of America upgraded 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. Zacks Investment Research cut Evergy from a “hold” rating to a “sell” rating in a research note on Friday, March 1st. Finally, Goldman Sachs Group cut Evergy from a “neutral” rating to a “sell” rating and upped their price objective for the stock from $53.00 to $56.00 in a research note on Friday, January 4th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. Evergy currently has an average rating of “Hold” and a consensus target price of $60.14.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc raised its stake in Evergy by 0.7% in the 3rd quarter. Vanguard Group Inc now owns 29,586,321 shares of the company’s stock valued at $1,624,880,000 after acquiring an additional 198,253 shares during the period. BlackRock Inc. boosted its stake in Evergy by 11.7% in the third quarter. BlackRock Inc. now owns 21,248,712 shares of the company’s stock valued at $1,166,980,000 after buying an additional 2,225,498 shares in the last quarter. FMR LLC boosted its stake in Evergy by 16.7% in the fourth quarter. FMR LLC now owns 7,503,322 shares of the company’s stock valued at $425,963,000 after buying an additional 1,075,097 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Evergy by 7.3% in the third quarter. Renaissance Technologies LLC now owns 5,769,275 shares of the company’s stock valued at $316,849,000 after buying an additional 392,100 shares in the last quarter. Finally, Zimmer Partners LP boosted its stake in Evergy by 56.3% in the third quarter. Zimmer Partners LP now owns 5,470,601 shares of the company’s stock valued at $300,445,000 after buying an additional 1,970,694 shares in the last quarter.
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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.
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