Parallel Advisors LLC raised its stake in Evergy (NASDAQ:EVRG) by 9.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,298 shares of the company’s stock after purchasing an additional 288 shares during the period. Parallel Advisors LLC’s holdings in Evergy were worth $191,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Change Path LLC bought a new position in shares of Evergy during the 4th quarter worth about $213,000. Pin Oak Investment Advisors Inc. bought a new position in shares of Evergy during the 4th quarter worth about $28,000. First PREMIER Bank lifted its holdings in shares of Evergy by 0.6% during the 4th quarter. First PREMIER Bank now owns 45,289 shares of the company’s stock worth $2,571,000 after acquiring an additional 255 shares during the period. Whitehelm Capital Pty Ltd lifted its holdings in shares of Evergy by 13.0% during the 1st quarter. Whitehelm Capital Pty Ltd now owns 87,753 shares of the company’s stock worth $5,094,000 after acquiring an additional 10,114 shares during the period. Finally, Morgan Stanley lifted its holdings in shares of Evergy by 64.7% during the 3rd quarter. Morgan Stanley now owns 1,854,479 shares of the company’s stock worth $101,847,000 after acquiring an additional 728,308 shares during the period.
Shares of Evergy stock opened at $58.12 on Friday. Evergy has a 12-month low of $50.89 and a 12-month high of $61.10.
Evergy (NASDAQ:EVRG) last announced its earnings results on Wednesday, May 8th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.02. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter last year, the business earned $0.34 EPS.
The company also recently announced 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. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date is Wednesday, May 29th.
EVRG has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Evergy from a “sell” rating to a “hold” rating in a research report on Wednesday, April 24th. Bank of America upgraded shares of Evergy from a “neutral” rating to a “buy” rating and set a $62.00 target price for the company in a research report on Tuesday, February 12th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. Evergy presently has an average rating of “Hold” and an average target price of $60.14.
In related news, Director Richard L. Hawley acquired 500 shares of the stock in a transaction on Tuesday, February 26th. The stock was purchased at an average price of $55.63 per share, for a total transaction of $27,815.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Anthony D. Somma sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $59.04, for a total transaction of $59,040.00. The disclosure for this sale can be found here. Insiders have sold a total of 15,632 shares of company stock valued at $896,584 in the last quarter.
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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