Usca Ria LLC Makes New $2.79 Million Investment in Evergy (NASDAQ:EVRG)
Usca Ria LLC purchased a new position in Evergy (NASDAQ:EVRG) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 46,363 shares of the company’s stock, valued at approximately $2,789,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its holdings in shares of Evergy by 2.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,080,468 shares of the company’s stock valued at $61,336,000 after acquiring an additional 22,091 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Evergy by 6.4% in the 4th quarter. Geode Capital Management LLC now owns 3,525,405 shares of the company’s stock valued at $199,800,000 after acquiring an additional 212,498 shares in the last quarter. American Century Companies Inc. bought a new position in shares of Evergy in the 4th quarter valued at about $418,000. Nisa Investment Advisors LLC grew its holdings in shares of Evergy by 4.9% in the 1st quarter. Nisa Investment Advisors LLC now owns 72,296 shares of the company’s stock valued at $4,197,000 after acquiring an additional 3,350 shares in the last quarter. Finally, IFM Investors Pty Ltd grew its holdings in shares of Evergy by 6.3% in the 1st quarter. IFM Investors Pty Ltd now owns 16,800 shares of the company’s stock valued at $975,000 after acquiring an additional 992 shares in the last quarter.
In related news, EVP Greg A. Greenwood sold 5,000 shares of Evergy stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $59.32, for a total transaction of $296,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Heather A. Humphrey sold 1,000 shares of Evergy stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $58.24, for a total value of $58,240.00. The disclosure for this sale can be found here.
Evergy (NASDAQ:EVRG) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.02). The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same period in the prior year, the firm earned $0.67 EPS.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, August 30th will be issued a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date is Thursday, August 29th.
Several equities analysts have recently weighed in on the company. UBS Group raised their price objective on Evergy from $58.00 to $61.00 and gave the company a “neutral” rating in a report on Friday, June 7th. Wells Fargo & Co cut Evergy from an “outperform” rating to a “market perform” rating in a report on Wednesday. They noted that the move was a valuation call. SunTrust Banks raised their price objective on Evergy from $66.00 to $67.00 and gave the company a “buy” rating in a report on Friday, August 9th. Finally, Zacks Investment Research upgraded Evergy from a “sell” rating to a “hold” rating and set a $68.00 price objective for the company in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $62.67.
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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