Panagora Asset Management Inc. lifted its holdings in shares of Evergy (NASDAQ:EVRG) by 3.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 69,965 shares of the company’s stock after buying an additional 2,507 shares during the period. Panagora Asset Management Inc.’s holdings in Evergy were worth $4,208,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in EVRG. Magellan Asset Management Ltd boosted its position in shares of Evergy by 1,143.0% during the first quarter. Magellan Asset Management Ltd now owns 2,278,107 shares of the company’s stock valued at $132,244,000 after buying an additional 2,094,839 shares during the last quarter. Ceredex Value Advisors LLC purchased a new stake in shares of Evergy during the first quarter valued at $46,333,000. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Evergy during the first quarter valued at $44,363,000. BNP Paribas Arbitrage SA boosted its position in shares of Evergy by 565.6% during the second quarter. BNP Paribas Arbitrage SA now owns 863,951 shares of the company’s stock valued at $51,967,000 after buying an additional 734,160 shares during the last quarter. Finally, Commonwealth Bank of Australia boosted its position in shares of Evergy by 18.6% during the first quarter. Commonwealth Bank of Australia now owns 4,026,111 shares of the company’s stock valued at $233,707,000 after buying an additional 631,001 shares during the last quarter.
In other news, EVP Greg A. Greenwood sold 6,000 shares of Evergy stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $63.23, for a total transaction of $379,380.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Kevin E. Bryant sold 4,000 shares of Evergy stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $65.18, for a total value of $260,720.00. The disclosure for this sale can be found here.
Evergy (NASDAQ:EVRG) last announced its earnings results on Wednesday, August 7th. The company reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.02). The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same quarter last year, the firm earned $0.67 earnings per share.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, August 30th will be given a dividend of $0.475 per share. The ex-dividend date is Thursday, August 29th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 2.96%.
Several research firms recently commented on EVRG. SunTrust Banks increased their price objective on Evergy from $66.00 to $67.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Guggenheim raised their target price on Evergy from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Tuesday, August 27th. UBS Group raised their target price on Evergy from $58.00 to $61.00 and gave the stock a “neutral” rating in a research report on Friday, June 7th. Wells Fargo & Co cut Evergy from an “outperform” rating to a “market perform” rating in a research report 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 target price on the stock in a research report on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. The company presently has a consensus 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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