Gabelli Funds LLC cut its stake in shares of Evergy (NASDAQ:EVRG) by 20.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,066,071 shares of the company’s stock after selling 545,181 shares during the period. Evergy accounts for about 0.7% of Gabelli Funds LLC’s investment portfolio, making the stock its 18th biggest holding. Gabelli Funds LLC owned 0.76% of Evergy worth $113,469,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently modified their holdings of EVRG. BlackRock Inc. acquired a new position in Evergy during the second quarter valued at approximately $1,068,152,000. FMR LLC bought a new stake in Evergy in the second quarter valued at approximately $437,286,000. Commonwealth Bank of Australia bought a new stake in Evergy in the second quarter valued at approximately $337,943,000. Renaissance Technologies LLC bought a new stake in Evergy in the second quarter valued at approximately $301,928,000. Finally, Millennium Management LLC bought a new stake in Evergy in the second quarter valued at approximately $224,008,000.
EVRG has been the topic of several research analyst reports. Wells Fargo & Co set a $62.00 price objective on Evergy and gave the company a “buy” rating in a research note on Friday, October 5th. Zacks Investment Research upgraded Evergy from a “sell” rating to a “hold” rating and set a $63.00 price objective on the stock in a research note on Monday, August 6th. Finally, UBS Group dropped their price objective on Evergy from $60.00 to $58.00 and set a “neutral” rating on the stock in a research note on Friday, September 21st. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Evergy presently has a consensus rating of “Buy” and an average target price of $60.80.
NASDAQ:EVRG opened at $55.83 on Monday. Evergy has a 12-month low of $47.06 and a 12-month high of $59.28.
Evergy (NASDAQ:EVRG) last released its quarterly earnings data on Thursday, August 9th. The company reported $0.56 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.56. The business had revenue of $893.40 million during the quarter, compared to the consensus estimate of $623.51 million. Evergy’s quarterly revenue was up 46.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.50 EPS.
In other news, Director Mark A. Ruelle sold 43,500 shares of the stock in a transaction that occurred on Tuesday, August 21st. The stock was sold at an average price of $57.51, for a total transaction of $2,501,685.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Mark A. Ruelle sold 52,250 shares of the stock in a transaction that occurred 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. Insiders sold 107,620 shares of company stock worth $6,193,864 in the last 90 days.
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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