Evergy (EVRG) Stake Boosted by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System grew its stake in shares of Evergy (NASDAQ:EVRG) by 4.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 395,980 shares of the company’s stock after acquiring an additional 16,856 shares during the quarter. State Board of Administration of Florida Retirement System owned about 0.15% of Evergy worth $21,747,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of EVRG. Robeco Institutional Asset Management B.V. increased its holdings in Evergy by 83.7% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 42,891 shares of the company’s stock worth $2,356,000 after buying an additional 19,537 shares during the period. Financial Counselors Inc. increased its holdings in Evergy by 2.2% in the 3rd quarter. Financial Counselors Inc. now owns 87,656 shares of the company’s stock worth $4,814,000 after buying an additional 1,852 shares during the period. Dubuque Bank & Trust Co. acquired a new position in Evergy in the 3rd quarter worth approximately $119,000. Nissay Asset Management Corp Japan ADV increased its holdings in Evergy by 68.2% in the 3rd quarter. Nissay Asset Management Corp Japan ADV now owns 21,461 shares of the company’s stock worth $1,179,000 after buying an additional 8,698 shares during the period. Finally, Sullivan Bruyette Speros & Blaney LLC acquired a new position in Evergy in the 3rd quarter worth approximately $205,000.

Several brokerages recently weighed in on EVRG. Zacks Investment Research downgraded shares of Evergy from a “hold” rating to a “strong sell” rating in a report on Saturday, July 14th. Wells Fargo & Co set a $62.00 price target on shares of Evergy and gave the stock a “buy” rating in a report on Friday, October 5th. Finally, UBS Group cut their price target on shares of Evergy from $60.00 to $58.00 and set a “neutral” rating on the stock in a report on Friday, September 21st. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $60.80.

In other news, EVP Anthony D. Somma sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, October 26th. The shares were sold at an average price of $56.91, for a total transaction of $56,910.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Jerl L. Banning sold 8,770 shares of the firm’s stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $57.75, for a total transaction of $506,467.50. The disclosure for this sale can be found here. Insiders have sold a total of 107,620 shares of company stock worth $6,193,864 in the last ninety days.

Shares of NASDAQ EVRG opened at $57.14 on Friday. Evergy has a 12 month low of $47.06 and a 12 month high of $59.28.

Evergy (NASDAQ:EVRG) last issued its quarterly earnings data on Wednesday, November 7th. The company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.06. The firm had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.67 billion. Evergy’s revenue for the quarter was up 99.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.11 EPS.

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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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