Strs Ohio Boosts Holdings in Evergy (EVRG)

Strs Ohio raised its position in shares of Evergy (NASDAQ:EVRG) by 35.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 55,249 shares of the company’s stock after acquiring an additional 14,558 shares during the period. Strs Ohio’s holdings in Evergy were worth $3,034,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. Adviser Investments LLC acquired a new position in shares of Evergy during the second quarter worth about $101,000. Proficio Capital Partners LLC acquired a new position in shares of Evergy during the second quarter worth about $102,000. Hudock Capital Group LLC acquired a new position in shares of Evergy during the second quarter worth about $102,000. M&R Capital Management Inc. acquired a new position in shares of Evergy during the second quarter worth about $102,000. Finally, First Financial Corp IN acquired a new position in shares of Evergy during the second quarter worth about $112,000.

NASDAQ:EVRG opened at $56.57 on Tuesday. Evergy has a one year low of $47.06 and a one year high of $59.28.

Evergy (NASDAQ:EVRG) last released its quarterly earnings results on Thursday, August 9th. The company reported $0.56 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.56. The business had revenue of $893.40 million during the quarter, compared to analyst estimates of $623.51 million. During the same quarter last year, the firm posted $0.50 EPS. The company’s revenue was up 46.6% compared to the same quarter last year.

In related news, EVP Anthony D. Somma sold 1,000 shares of the business’s stock in a transaction dated Friday, October 26th. The stock was sold at an average price of $56.91, for a total value of $56,910.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Mark A. Ruelle sold 52,250 shares of the business’s stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $57.58, for a total value of $3,008,555.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 107,620 shares of company stock worth $6,193,864.

A number of research analysts have commented on the company. Zacks Investment Research upgraded Evergy from a “hold” rating to a “strong-buy” rating and set a $65.00 price objective on the stock in a research note on Wednesday, October 10th. UBS Group reduced their price objective on Evergy from $60.00 to $58.00 and set a “neutral” rating on the stock in a research note on Friday, September 21st. Finally, Wells Fargo & Co set a $62.00 price objective on Evergy and gave the stock a “buy” rating in a research note on Friday, October 5th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $60.80.

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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