Riverhead Capital Management LLC Has $1.99 Million Holdings in Evergy (NASDAQ:EVRG)

Riverhead Capital Management LLC grew its position in shares of Evergy (NASDAQ:EVRG) by 5.8% in the first quarter, Holdings Channel reports. The institutional investor owned 34,200 shares of the company’s stock after buying an additional 1,870 shares during the period. Riverhead Capital Management LLC’s holdings in Evergy were worth $1,985,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the business. PNC Financial Services Group Inc. raised its position in Evergy by 1.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 17,433 shares of the company’s stock worth $1,012,000 after buying an additional 219 shares during the last quarter. Heritage Wealth Advisors grew its stake in shares of Evergy by 19.4% during the 1st quarter. Heritage Wealth Advisors now owns 1,378 shares of the company’s stock worth $80,000 after purchasing an additional 224 shares during the period. Meiji Yasuda Asset Management Co Ltd. grew its stake in shares of Evergy by 1.6% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 16,430 shares of the company’s stock worth $933,000 after purchasing an additional 260 shares during the period. Sullivan Bruyette Speros & Blaney LLC grew its stake in shares of Evergy by 7.2% during the 1st quarter. Sullivan Bruyette Speros & Blaney LLC now owns 4,000 shares of the company’s stock worth $232,000 after purchasing an additional 270 shares during the period. Finally, Parallel Advisors LLC grew its stake in shares of Evergy by 9.6% during the 1st quarter. Parallel Advisors LLC now owns 3,298 shares of the company’s stock worth $191,000 after purchasing an additional 288 shares during the period.

A number of research firms have recently weighed in on EVRG. UBS Group upped their price target on shares of Evergy from $58.00 to $61.00 and gave the stock a “neutral” rating in a research note on Friday, June 7th. Zacks Investment Research raised shares of Evergy from a “sell” rating to a “hold” rating in a research note on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $61.00.

In related news, EVP Greg A. Greenwood sold 5,000 shares of the stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $59.32, for a total value of $296,600.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director S Carl Soderstrom, Jr. sold 4,000 shares of the stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $58.30, for a total transaction of $233,200.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 13,000 shares of company stock worth $759,610.

NASDAQ:EVRG opened at $60.67 on Friday. Evergy has a fifty-two week low of $51.65 and a fifty-two week high of $61.37.

Evergy (NASDAQ:EVRG) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $0.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.02. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same period last year, the company earned $0.34 earnings per share.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, May 30th will be paid a dividend of $0.475 per share. The ex-dividend date of this dividend is Wednesday, May 29th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.13%.

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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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