Nissay Asset Management Corp Japan ADV Buys New Stake in Evergy (EVRG)
Nissay Asset Management Corp Japan ADV bought a new position in Evergy (NASDAQ:EVRG) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 12,763 shares of the company’s stock, valued at approximately $717,000.
A number of other large investors have also recently added to or reduced their stakes in EVRG. Jennison Associates LLC bought a new stake in Evergy in the second quarter valued at approximately $163,515,000. Bank of New York Mellon Corp bought a new stake in Evergy in the second quarter valued at approximately $137,635,000. Massachusetts Financial Services Co. MA bought a new stake in Evergy in the second quarter valued at approximately $129,959,000. Wedge Capital Management L L P NC bought a new stake in Evergy in the second quarter valued at approximately $124,319,000. Finally, Duff & Phelps Investment Management Co. bought a new stake in Evergy in the second quarter valued at approximately $122,841,000.
Shares of EVRG stock opened at $57.45 on Friday. Evergy has a fifty-two week low of $47.06 and a fifty-two week high of $58.24.
The firm also recently announced a dividend, which will be paid on Thursday, September 20th. Investors of record on Wednesday, August 29th will be issued a dividend of $0.46 per share. The ex-dividend date is Tuesday, August 28th.
Several analysts have weighed in on EVRG shares. Bank of America started coverage on Evergy in a research report on Tuesday, June 5th. They issued a “neutral” rating for the company. Zacks Investment Research downgraded Evergy from a “hold” rating to a “strong sell” rating in a research report on Saturday, July 14th. SunTrust Banks started coverage on Evergy in a research report on Tuesday, June 5th. They issued a “buy” rating and a $61.00 price objective for the company. Guggenheim started coverage on Evergy in a research report on Friday, June 15th. They issued a “buy” rating and a $58.00 price objective for the company. Finally, UBS Group boosted their price objective on Evergy from $56.00 to $57.00 and gave the company a “neutral” rating in a research report on Thursday, June 21st. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Evergy presently has a consensus rating of “Hold” and a consensus price target of $59.75.
In related news, Director Richard L. Hawley sold 2,100 shares of the company’s stock in a transaction that occurred on Friday, August 24th. The stock was sold at an average price of $57.26, for a total transaction of $120,246.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Mark A. Ruelle sold 43,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 21st. The shares were sold at an average price of $57.51, for a total value of $2,501,685.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 97,850 shares of company stock valued at $5,630,486.
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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