SRS Capital Advisors Inc. Takes Position in Evergy (NASDAQ:EVRG)

SRS Capital Advisors Inc. bought a new stake in Evergy (NASDAQ:EVRG) in the 2nd quarter, Holdings Channel.com reports. The firm bought 3,145 shares of the company’s stock, valued at approximately $189,000.

Other institutional investors have also recently bought and sold shares of the company. Raymond James & Associates lifted its holdings in shares of Evergy by 11.2% in the 1st quarter. Raymond James & Associates now owns 832,250 shares of the company’s stock valued at $48,312,000 after purchasing an additional 83,733 shares during the last quarter. Willingdon Wealth Management lifted its holdings in shares of Evergy by 3.3% in the 1st quarter. Willingdon Wealth Management now owns 63,633 shares of the company’s stock valued at $3,694,000 after purchasing an additional 2,017 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Evergy by 10.2% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 485,985 shares of the company’s stock valued at $28,211,000 after purchasing an additional 44,950 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Evergy by 79.1% in the 1st quarter. Wells Fargo & Company MN now owns 815,233 shares of the company’s stock valued at $47,324,000 after purchasing an additional 360,140 shares during the last quarter. Finally, Stanley Laman Group Ltd. lifted its holdings in shares of Evergy by 4.4% in the 1st quarter. Stanley Laman Group Ltd. now owns 19,056 shares of the company’s stock valued at $1,106,000 after purchasing an additional 806 shares during the last quarter.

EVRG traded down $0.34 on Thursday, hitting $64.55. 54,973 shares of the company traded hands, compared to its average volume of 1,685,134. The company has a 50 day moving average of $62.27 and a 200-day moving average of $59.24. Evergy has a 12-month low of $54.19 and a 12-month high of $66.00.

Evergy (NASDAQ:EVRG) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.58 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.02). The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same period in the previous year, the company posted $0.67 earnings per share.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 2.94%. The ex-dividend date is Thursday, August 29th.

In other Evergy news, SVP Heather A. Humphrey sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $58.24, for a total transaction of $58,240.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Greg A. Greenwood sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $59.32, for a total value of $296,600.00. The disclosure for this sale can be found here.

Several research firms have recently weighed in on EVRG. Guggenheim boosted their target price on Evergy from $65.00 to $70.00 and gave the company a “buy” rating in a report on Tuesday. UBS Group upped their price objective on Evergy from $58.00 to $61.00 and gave the company a “neutral” rating in a research note on Friday, June 7th. SunTrust Banks upped their price objective on Evergy from $66.00 to $67.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Wells Fargo & Co downgraded Evergy from an “outperform” rating to a “market perform” rating in a research note on Wednesday, August 14th. They noted that the move was a valuation call. Finally, Zacks Investment Research raised Evergy from a “sell” rating to a “hold” rating and set a $68.00 price objective for the company in a research note on Wednesday, August 14th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. Evergy presently has an average rating of “Hold” and a consensus price target of $63.71.

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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Institutional Ownership by Quarter for Evergy (NASDAQ:EVRG)

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