Sentry Investment Management LLC lifted its position in Evergy (NASDAQ:EVRG) by 17.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 17,861 shares of the company’s stock after buying an additional 2,700 shares during the period. Sentry Investment Management LLC’s holdings in Evergy were worth $981,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of EVRG. SRS Capital Advisors Inc. purchased a new stake in Evergy during the third quarter valued at approximately $173,000. Skandinaviska Enskilda Banken AB publ purchased a new stake in Evergy during the third quarter valued at approximately $1,102,000. Penserra Capital Management LLC purchased a new stake in Evergy during the third quarter valued at approximately $1,570,000. Gulf International Bank UK Ltd increased its holdings in Evergy by 1.1% during the third quarter. Gulf International Bank UK Ltd now owns 85,833 shares of the company’s stock valued at $4,713,000 after buying an additional 900 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. increased its holdings in Evergy by 8.6% during the third quarter. Mn Services Vermogensbeheer B.V. now owns 45,662 shares of the company’s stock valued at $2,508,000 after buying an additional 3,600 shares during the last quarter.
Shares of NASDAQ EVRG opened at $58.35 on Friday. Evergy has a 1 year low of $47.06 and a 1 year high of $59.28.
In related news, Director Richard L. Hawley sold 2,100 shares of the company’s stock in a transaction on Friday, August 24th. The shares were sold at an average price of $57.26, for a total transaction of $120,246.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Anthony D. Somma sold 1,000 shares of the company’s stock in a transaction on Friday, October 26th. The stock was sold at an average price of $56.91, for a total transaction of $56,910.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 107,620 shares of company stock valued at $6,193,864.
A number of brokerages have recently issued reports on EVRG. Zacks Investment Research cut shares of Evergy from a “hold” rating to a “strong sell” rating in a research note on Saturday, July 14th. UBS Group reduced their price objective on shares of Evergy from $60.00 to $58.00 and set a “neutral” rating for the company in a research note on Friday, September 21st. Finally, Wells Fargo & Co set a $62.00 price objective on shares of Evergy and gave the stock a “buy” rating in a research note on Friday, October 5th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Evergy has a consensus rating of “Buy” and an average price target of $60.80.
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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