Paloma Partners Management Co Buys Shares of 160,442 Evergy (NASDAQ:EVRG)

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Paloma Partners Management Co purchased a new stake in Evergy (NASDAQ:EVRG) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 160,442 shares of the company’s stock, valued at approximately $9,651,000. Paloma Partners Management Co owned approximately 0.07% of Evergy at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. BlackRock Inc. boosted its stake in shares of Evergy by 2.7% in the first quarter. BlackRock Inc. now owns 20,259,245 shares of the company’s stock valued at $1,176,051,000 after buying an additional 539,149 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Evergy by 34.3% in the second quarter. Invesco Ltd. now owns 4,879,106 shares of the company’s stock valued at $293,478,000 after buying an additional 1,246,803 shares in the last quarter. Commonwealth Bank of Australia boosted its stake in shares of Evergy by 1.8% in the second quarter. Commonwealth Bank of Australia now owns 4,100,212 shares of the company’s stock valued at $246,616,000 after buying an additional 74,101 shares in the last quarter. Geode Capital Management LLC raised its holdings in Evergy by 6.4% during the fourth quarter. Geode Capital Management LLC now owns 3,525,405 shares of the company’s stock worth $199,800,000 after purchasing an additional 212,498 shares during the last quarter. Finally, Magellan Asset Management Ltd raised its holdings in Evergy by 12.2% during the second quarter. Magellan Asset Management Ltd now owns 2,554,985 shares of the company’s stock worth $153,682,000 after purchasing an additional 276,878 shares during the last quarter.

In other news, EVP Greg A. Greenwood sold 6,000 shares of the business’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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Kevin E. Bryant sold 4,000 shares of the business’s stock in a transaction on Monday, August 19th. The stock was 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.

EVRG has been the subject of several research reports. Wells Fargo & Co set a $69.00 price objective on Evergy and gave the stock a “hold” rating in a report on Tuesday, September 3rd. Guggenheim lifted their price objective on Evergy from $65.00 to $70.00 and gave the stock a “buy” rating in a report on Tuesday, August 27th. UBS Group lifted their price objective on Evergy from $58.00 to $61.00 and gave the stock a “neutral” rating in a report on Friday, June 7th. SunTrust Banks lifted their price objective on Evergy from $66.00 to $67.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Finally, Zacks Investment Research raised Evergy from a “sell” rating to a “hold” rating and set a $68.00 price objective for the company in a report on Wednesday, August 14th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $64.71.

EVRG stock traded up $0.39 during midday trading on Thursday, hitting $65.54. 48,249 shares of the stock were exchanged, compared to its average volume of 1,688,103. The stock’s 50-day moving average price is $63.73 and its 200-day moving average price is $59.94. Evergy has a fifty-two week low of $54.19 and a fifty-two week high of $66.01.

Evergy (NASDAQ:EVRG) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.58 earnings per share (EPS) for the quarter, missing the 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 in the previous year, the company posted $0.67 earnings per share.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, August 30th will be issued a $0.475 dividend. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 2.90%.

Evergy 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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Institutional Ownership by Quarter for Evergy (NASDAQ:EVRG)

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