Evergy (EVRG) Stake Increased by Wexford Capital LP
Wexford Capital LP grew its stake in Evergy (NASDAQ:EVRG) by 59.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 330,777 shares of the company’s stock after acquiring an additional 123,609 shares during the quarter. Evergy accounts for 1.2% of Wexford Capital LP’s holdings, making the stock its 11th biggest position. Wexford Capital LP owned 0.13% of Evergy worth $18,166,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds also recently made changes to their positions in EVRG. Adviser Investments LLC bought a new stake in shares of Evergy in the 2nd quarter valued at about $101,000. M&R Capital Management Inc. bought a new stake in shares of Evergy in the 2nd quarter valued at about $102,000. Proficio Capital Partners LLC bought a new stake in shares of Evergy in the 2nd quarter valued at about $102,000. JNBA Financial Advisors increased its stake in shares of Evergy by 2,742.5% in the 3rd quarter. JNBA Financial Advisors now owns 2,075 shares of the company’s stock valued at $114,000 after acquiring an additional 2,002 shares during the last quarter. Finally, Flagship Harbor Advisors LLC bought a new stake in shares of Evergy in the 2nd quarter valued at about $116,000.
In related news, EVP Anthony D. Somma sold 1,000 shares of the stock in a transaction that occurred on Friday, November 16th. The stock was sold at an average price of $59.64, for a total transaction of $59,640.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Greg A. Greenwood sold 4,815 shares of the stock in a transaction that occurred on Tuesday, November 13th. The stock was sold at an average price of $59.39, for a total value of $285,962.85. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,585 shares of company stock valued at $908,980.
Evergy (NASDAQ:EVRG) last posted its earnings results on Thursday, November 8th. The company reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.06. The business had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same period in the previous year, the company posted $1.11 earnings per share. Evergy’s revenue for the quarter was up 99.2% compared to the same quarter last year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 20th. Investors of record on Thursday, November 29th will be paid a dividend of $0.475 per share. The ex-dividend date is Wednesday, November 28th. This represents a $1.90 dividend on an annualized basis and a yield of 3.14%.
A number of brokerages have recently commented on EVRG. Zacks Investment Research raised Evergy from a “hold” rating to a “strong-buy” rating and set a $65.00 price target for the company in a research note on Wednesday, October 10th. UBS Group lowered their price target on Evergy from $60.00 to $58.00 and set a “neutral” rating for the company in a research note on Friday, September 21st. Finally, Wells Fargo & Co set a $62.00 price target on Evergy and gave the company a “buy” rating in a research note on Friday, October 5th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $60.80.
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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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