Signaturefd LLC Buys 1,659 Shares of Evergy (NASDAQ:EVRG)
Signaturefd LLC raised its stake in Evergy (NASDAQ:EVRG) by 61.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,339 shares of the company’s stock after buying an additional 1,659 shares during the period. Signaturefd LLC’s holdings in Evergy were worth $261,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. BlackRock Inc. boosted its position in shares of Evergy by 2.7% during the 1st quarter. BlackRock Inc. now owns 20,259,245 shares of the company’s stock valued at $1,176,051,000 after purchasing an additional 539,149 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of Evergy by 19.4% during the 1st quarter. Janus Henderson Group PLC now owns 4,057,234 shares of the company’s stock valued at $235,523,000 after purchasing an additional 658,342 shares in the last quarter. Commonwealth Bank of Australia boosted its position in shares of Evergy by 18.6% during the 1st quarter. Commonwealth Bank of Australia now owns 4,026,111 shares of the company’s stock valued at $233,707,000 after purchasing an additional 631,001 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Evergy by 6.4% during the 4th quarter. Geode Capital Management LLC now owns 3,525,405 shares of the company’s stock valued at $199,800,000 after purchasing an additional 212,498 shares in the last quarter. Finally, Magellan Asset Management Ltd boosted its position in shares of Evergy by 1,143.0% during the 1st quarter. Magellan Asset Management Ltd now owns 2,278,107 shares of the company’s stock valued at $132,244,000 after purchasing an additional 2,094,839 shares in the last quarter.
In related news, EVP Greg A. Greenwood sold 5,000 shares of the company’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 transaction of $296,600.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Heather A. Humphrey sold 1,000 shares of the company’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 value of $58,240.00. The disclosure for this sale can be found here.
Evergy (NASDAQ:EVRG) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.58 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.02). The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the prior year, the business posted $0.67 earnings per share.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, August 30th will be paid a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date is Thursday, August 29th.
Several equities research analysts recently commented on EVRG shares. SunTrust Banks upped their target price on Evergy from $66.00 to $67.00 and gave the company a “buy” rating in a research report on Friday, August 9th. UBS Group upped their target price on Evergy from $58.00 to $61.00 and gave the company a “neutral” rating in a research report on Friday, June 7th. Zacks Investment Research upgraded 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. Finally, Wells Fargo & Co lowered Evergy from an “outperform” rating to a “market perform” rating in a research report on Wednesday. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $62.67.
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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