Tdam USA Inc. cut its stake in Evergy (NASDAQ:EVRG) by 10.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,229 shares of the company’s stock after selling 808 shares during the quarter. Tdam USA Inc.’s holdings in Evergy were worth $420,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in EVRG. Truvestments Capital LLC purchased a new position in Evergy during the 1st quarter worth $25,000. Washington Trust Bank purchased a new position in Evergy during the 1st quarter worth $26,000. Altshuler Shaham Ltd purchased a new position in Evergy during the 4th quarter worth $26,000. Larson Financial Group LLC grew its stake in Evergy by 4,500.0% during the 1st quarter. Larson Financial Group LLC now owns 460 shares of the company’s stock worth $27,000 after buying an additional 450 shares during the last quarter. Finally, Pin Oak Investment Advisors Inc. purchased a new position in Evergy during the 4th quarter worth $28,000.
In other Evergy news, Director S Carl Soderstrom, Jr. sold 4,000 shares of Evergy stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $58.30, for a total transaction of $233,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Anthony D. Somma sold 1,000 shares of Evergy stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $56.21, for a total value of $56,210.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 18,632 shares of company stock valued at $1,070,744.
EVRG stock traded up $0.14 on Wednesday, hitting $58.90. 10,372 shares of the company’s stock were exchanged, compared to its average volume of 1,778,311. Evergy has a 12-month low of $50.89 and a 12-month high of $61.10.
Evergy (NASDAQ:EVRG) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.44 EPS for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.02. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same period in the prior year, the firm posted $0.34 EPS.
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, May 30th will be given a dividend of $0.475 per share. The ex-dividend date of this dividend is Wednesday, May 29th. This represents a $1.90 dividend on an annualized basis and a yield of 3.23%.
Several brokerages recently weighed in on EVRG. Zacks Investment Research downgraded Evergy from a “hold” rating to a “sell” rating in a research note on Friday, March 1st. Bank of America upgraded Evergy from a “neutral” rating to a “buy” rating and set a $62.00 target price on the stock in a research note on Tuesday, February 12th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $60.14.
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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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