Smith Moore & CO. bought a new position in shares of Evergy (NASDAQ:EVRG) during the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 4,989 shares of the company’s stock, valued at approximately $290,000.
A number of other institutional investors also recently bought and sold shares of EVRG. Truvestments Capital LLC acquired a new stake in Evergy in the first quarter valued at approximately $25,000. Altshuler Shaham Ltd purchased a new position in Evergy during the fourth quarter worth approximately $26,000. Washington Trust Bank purchased a new position in Evergy during the first quarter worth approximately $26,000. Larson Financial Group LLC lifted its position in Evergy by 4,500.0% during the first quarter. Larson Financial Group LLC now owns 460 shares of the company’s stock worth $27,000 after buying an additional 450 shares in the last quarter. Finally, Pin Oak Investment Advisors Inc. purchased a new position in Evergy during the fourth quarter worth approximately $28,000.
In other Evergy news, EVP Anthony D. Somma sold 1,000 shares of Evergy stock in a transaction on Wednesday, February 20th. The stock was sold at an average price of $59.04, for a total value of $59,040.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Richard L. Hawley bought 500 shares of Evergy stock in a transaction on Tuesday, February 26th. The stock was acquired at an average price of $55.63 per share, for a total transaction of $27,815.00. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 19,632 shares of company stock worth $1,129,784.
Evergy (NASDAQ:EVRG) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.44 EPS 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 analysts’ expectations of $1.20 billion. During the same quarter in the previous year, the business posted $0.34 EPS.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, May 30th will be given a dividend of $0.475 per share. The ex-dividend date is Wednesday, May 29th. This represents a $1.90 dividend on an annualized basis and a yield of 3.22%.
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 report on Tuesday, February 12th. Zacks Investment Research downgraded Evergy from a “hold” rating to a “sell” rating in a research report on Friday, March 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. Evergy currently has a consensus rating of “Hold” and a consensus target price of $60.14.
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.
See Also: Retained Earnings
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