Evergy (EVRG) SVP Sells $506,467.50 in Stock
Evergy (NASDAQ:EVRG) SVP Jerl L. Banning sold 8,770 shares of Evergy stock in a transaction on Friday, September 14th. The shares were sold at an average price of $57.75, for a total value of $506,467.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Evergy stock opened at $57.70 on Tuesday. Evergy has a 1-year low of $47.06 and a 1-year high of $59.28.
Evergy (NASDAQ:EVRG) last posted its quarterly earnings results on Thursday, August 9th. The company reported $0.56 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.56. The business had revenue of $893.40 million during the quarter, compared to analyst estimates of $623.51 million. During the same quarter in the prior year, the business earned $0.50 earnings per share. The firm’s quarterly revenue was up 46.6% on a year-over-year basis.
A number of institutional investors have recently bought and sold shares of the business. Adviser Investments LLC acquired a new stake in Evergy in the second quarter valued at $101,000. Proficio Capital Partners LLC acquired a new stake in Evergy in the second quarter valued at $102,000. Hudock Capital Group LLC acquired a new stake in Evergy in the second quarter valued at $102,000. M&R Capital Management Inc. acquired a new stake in Evergy in the second quarter valued at $102,000. Finally, Trust Co. of Vermont acquired a new stake in Evergy in the second quarter valued at $112,000.
A number of analysts have weighed in on the company. Zacks Investment Research upgraded Evergy from a “sell” rating to a “hold” rating and set a $63.00 price target on the stock in a research note on Monday, August 6th. UBS Group raised their price target on Evergy from $56.00 to $57.00 and gave the company a “neutral” rating in a research note on Thursday, June 21st. Guggenheim assumed coverage on Evergy in a research note on Friday, June 15th. They issued a “buy” rating and a $58.00 price target on the stock. Bank of America assumed coverage on Evergy in a research note on Tuesday, June 5th. They issued a “neutral” rating on the stock. Finally, SunTrust Banks assumed coverage on Evergy in a research note on Tuesday, June 5th. They issued a “buy” rating and a $61.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $59.75.
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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