Evergy (NASDAQ:EVRG) Shares Sold by Korea Investment CORP

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Korea Investment CORP reduced its position in shares of Evergy (NASDAQ:EVRG) by 97.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 500 shares of the company’s stock after selling 19,300 shares during the quarter. Korea Investment CORP’s holdings in Evergy were worth $30,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of EVRG. Raymond James & Associates boosted its position in Evergy by 11.2% during the first quarter. Raymond James & Associates now owns 832,250 shares of the company’s stock worth $48,312,000 after purchasing an additional 83,733 shares in the last quarter. Willingdon Wealth Management raised its stake in shares of Evergy by 3.3% during the 1st quarter. Willingdon Wealth Management now owns 63,633 shares of the company’s stock worth $3,694,000 after buying an additional 2,017 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Evergy by 10.2% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 485,985 shares of the company’s stock worth $28,211,000 after buying an additional 44,950 shares during the period. Wells Fargo & Company MN lifted its position in shares of Evergy by 79.1% during the 1st quarter. Wells Fargo & Company MN now owns 815,233 shares of the company’s stock valued at $47,324,000 after buying an additional 360,140 shares in the last quarter. Finally, Stanley Laman Group Ltd. lifted its position in shares of Evergy by 4.4% during the 1st quarter. Stanley Laman Group Ltd. now owns 19,056 shares of the company’s stock valued at $1,106,000 after buying an additional 806 shares in the last quarter.

Shares of NASDAQ EVRG traded up $0.32 during midday trading on Wednesday, hitting $64.59. The stock had a trading volume of 40,403 shares, compared to its average volume of 1,693,341. The stock has a 50 day simple moving average of $63.19 and a 200-day simple moving average of $59.62. Evergy has a 1 year low of $54.19 and a 1 year high of $66.01.

Evergy (NASDAQ:EVRG) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.58 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.02). The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same period last year, the firm earned $0.67 EPS.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Stockholders 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 dividend yield of 2.94%. The ex-dividend date is Thursday, August 29th.

Several equities research analysts recently commented on EVRG shares. UBS Group boosted their price target on shares of Evergy from $58.00 to $61.00 and gave the stock a “neutral” rating in a report on Friday, June 7th. Wells Fargo & Co set a $69.00 price objective on shares of Evergy and gave the company a “hold” rating in a report on Tuesday, September 3rd. Zacks Investment Research upgraded shares of Evergy from a “sell” rating to a “hold” rating and set a $68.00 target price on the stock in a research report on Wednesday, August 14th. SunTrust Banks boosted their target price on shares of Evergy from $66.00 to $67.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Finally, Guggenheim upped their price target on shares of Evergy from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Tuesday, August 27th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $64.71.

In other Evergy news, EVP Greg A. Greenwood sold 6,000 shares of the company’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $63.23, for a total value of $379,380.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Kevin E. Bryant sold 4,000 shares of the company’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $65.18, for a total value of $260,720.00. The disclosure for this sale can be found here.

About Evergy

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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Institutional Ownership by Quarter for Evergy (NASDAQ:EVRG)

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