Neuberger Berman Group LLC lowered its stake in shares of Evergy (NASDAQ:EVRG) by 17.5% during the first quarter, HoldingsChannel reports. The institutional investor owned 1,217,249 shares of the company’s stock after selling 257,893 shares during the period. Neuberger Berman Group LLC’s holdings in Evergy were worth $70,661,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc raised its position in Evergy by 0.7% during the third quarter. Vanguard Group Inc now owns 29,586,321 shares of the company’s stock worth $1,624,880,000 after acquiring an additional 198,253 shares during the last quarter. BlackRock Inc. raised its position in Evergy by 2.7% during the first quarter. BlackRock Inc. now owns 20,259,245 shares of the company’s stock worth $1,176,051,000 after acquiring an additional 539,149 shares during the last quarter. FMR LLC raised its position in Evergy by 16.7% during the fourth quarter. FMR LLC now owns 7,503,322 shares of the company’s stock worth $425,963,000 after acquiring an additional 1,075,097 shares during the last quarter. Janus Henderson Group PLC raised its position in Evergy by 19.4% during the first quarter. Janus Henderson Group PLC now owns 4,057,234 shares of the company’s stock worth $235,523,000 after acquiring an additional 658,342 shares during the last quarter. Finally, Commonwealth Bank of Australia raised its position in Evergy by 18.6% during the first quarter. Commonwealth Bank of Australia now owns 4,026,111 shares of the company’s stock worth $233,707,000 after acquiring an additional 631,001 shares during the last quarter.
EVRG traded up $0.94 during midday trading on Wednesday, reaching $60.23. 11,472 shares of the company’s stock were exchanged, compared to its average volume of 1,756,909. Evergy has a 1-year low of $51.47 and a 1-year high of $61.37.
Evergy (NASDAQ:EVRG) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.02. The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same period in the prior year, the firm earned $0.34 EPS.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, May 30th will be given a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date is Wednesday, May 29th.
EVRG has been the subject of a number of research reports. 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. Zacks Investment Research cut shares of Evergy from a “hold” rating to a “sell” rating in a research report on Friday, March 1st. Finally, UBS Group lifted their target price on shares of Evergy from $58.00 to $61.00 and gave the stock a “neutral” rating in a research report on Friday, June 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. Evergy has an average rating of “Hold” and a consensus price target of $60.50.
In other news, SVP Charles A. Caisley sold 2,632 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $57.57, for a total value of $151,524.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Greg A. Greenwood sold 8,000 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $57.28, for a total transaction of $458,240.00. The disclosure for this sale can be found here. In the last three months, insiders sold 23,632 shares of company stock valued at $1,369,374.
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.
Featured Story: Cash Asset Ratio
Want to see what other hedge funds are holding EVRG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Evergy (NASDAQ:EVRG).
Receive News & Ratings for Evergy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Evergy and related companies with MarketBeat.com's FREE daily email newsletter.