Beach Investment Counsel Inc. PA Grows Stake in Evergy (EVRG)

Beach Investment Counsel Inc. PA grew its position in Evergy (NASDAQ:EVRG) by 1.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 203,203 shares of the company’s stock after acquiring an additional 1,989 shares during the quarter. Beach Investment Counsel Inc. PA owned about 0.07% of Evergy worth $11,160,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in EVRG. Adviser Investments LLC acquired a new stake in shares of Evergy in the second quarter valued at approximately $101,000. Proficio Capital Partners LLC acquired a new stake in shares of Evergy in the second quarter valued at approximately $102,000. Hudock Capital Group LLC acquired a new stake in shares of Evergy in the second quarter valued at approximately $102,000. M&R Capital Management Inc. acquired a new stake in shares of Evergy in the second quarter valued at approximately $102,000. Finally, First Financial Corp IN acquired a new stake in shares of Evergy in the second quarter valued at approximately $112,000.

EVRG stock opened at $55.83 on Monday. Evergy has a 52-week low of $47.06 and a 52-week high of $59.28.

Evergy (NASDAQ:EVRG) last posted its earnings results on Thursday, August 9th. The company reported $0.56 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.56. The business had revenue of $893.40 million for the quarter, compared to analyst estimates of $623.51 million. Evergy’s revenue was up 46.6% compared to the same quarter last year. During the same period last year, the business earned $0.50 EPS.

Several equities research analysts recently commented on the company. Zacks Investment Research cut Evergy from a “hold” rating to a “strong sell” rating in a report on Saturday, July 14th. Wells Fargo & Co set a $62.00 price target on Evergy and gave the company a “buy” rating in a report on Friday, October 5th. Finally, UBS Group cut their price target on Evergy from $60.00 to $58.00 and set a “neutral” rating for the company in a report on Friday, September 21st. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Evergy currently has a consensus rating of “Buy” and an average price target of $60.80.

In other Evergy news, EVP Anthony D. Somma sold 1,000 shares of the firm’s stock in a transaction on Friday, October 26th. The stock was sold at an average price of $56.91, for a total transaction of $56,910.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark A. Ruelle sold 52,250 shares of the firm’s stock in a transaction on Wednesday, August 15th. The stock was sold at an average price of $57.58, for a total value of $3,008,555.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 107,620 shares of company stock valued at $6,193,864.

Evergy 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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Institutional Ownership by Quarter for Evergy (NASDAQ:EVRG)

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