Insider Selling: Evergy (EVRG) EVP Sells 1,000 Shares of Stock

Evergy (NASDAQ:EVRG) EVP Anthony D. Somma sold 1,000 shares of Evergy stock in a transaction on Friday, December 14th. The stock was sold at an average price of $60.17, for a total value of $60,170.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of EVRG stock traded up $0.31 on Friday, reaching $60.54. 1,572,994 shares of the company’s stock traded hands, compared to its average volume of 1,487,392. Evergy has a 12-month low of $47.06 and a 12-month high of $61.10.

Evergy (NASDAQ:EVRG) last issued its quarterly earnings results on Thursday, November 8th. The company reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.06. The business had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.67 billion. During the same quarter in the prior year, the firm posted $1.11 EPS. The business’s quarterly revenue was up 99.2% compared to the same quarter last year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 20th. Stockholders of record on Thursday, November 29th will be issued a dividend of $0.475 per share. The ex-dividend date of this dividend is Wednesday, November 28th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.14%.

A number of brokerages have recently weighed in on EVRG. UBS Group lowered their price target on Evergy from $60.00 to $58.00 and set a “neutral” rating on the stock in a report on Friday, September 21st. Wells Fargo & Co set a $62.00 price target on Evergy and gave the company a “buy” rating in a report on Friday, October 5th. Finally, Zacks Investment Research upgraded Evergy from a “hold” rating to a “strong-buy” rating and set a $65.00 price target on the stock in a report on Wednesday, October 10th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $60.80.

Hedge funds have recently modified their holdings of the company. Proficio Capital Partners LLC purchased a new position in shares of Evergy during the second quarter valued at $102,000. M&R Capital Management Inc. acquired a new stake in Evergy during the second quarter valued at $102,000. JNBA Financial Advisors boosted its position in Evergy by 2,742.5% during the third quarter. JNBA Financial Advisors now owns 2,075 shares of the company’s stock valued at $114,000 after purchasing an additional 2,002 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new stake in Evergy during the second quarter valued at $116,000. Finally, Dubuque Bank & Trust Co. acquired a new stake in Evergy during the third quarter valued at $119,000.

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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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Insider Buying and Selling by Quarter for Evergy (NASDAQ:EVRG)

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