Evergy (EVRG) Position Boosted by Creative Planning

Creative Planning boosted its holdings in Evergy (NASDAQ:EVRG) by 7.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 40,801 shares of the company’s stock after purchasing an additional 2,683 shares during the quarter. Creative Planning’s holdings in Evergy were worth $2,241,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of EVRG. Bright Rock Capital Management LLC purchased a new position in Evergy in the second quarter valued at $5,278,000. Rockland Trust Co. purchased a new position in shares of Evergy during the second quarter worth about $9,484,000. IFM Investors Pty Ltd purchased a new position in shares of Evergy during the second quarter worth about $660,000. CENTRAL TRUST Co purchased a new position in shares of Evergy during the second quarter worth about $393,000. Finally, Marshwinds Advisory Co. purchased a new position in shares of Evergy during the second quarter worth about $939,000.

Shares of EVRG stock opened at $56.28 on Wednesday. Evergy has a 1 year low of $47.06 and a 1 year high of $59.28.



Evergy (NASDAQ:EVRG) last issued its quarterly earnings data on Thursday, August 9th. The company reported $0.56 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.56. The firm had revenue of $893.40 million for the quarter, compared to analysts’ expectations of $623.51 million. The business’s revenue for the quarter was up 46.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.50 EPS.

In related news, Director Richard L. Hawley sold 2,100 shares of the firm’s stock in a transaction dated Friday, August 24th. The stock was sold at an average price of $57.26, for a total transaction of $120,246.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Anthony D. Somma sold 1,000 shares of the firm’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 disclosure for this sale can be found here. In the last three months, insiders have sold 107,620 shares of company stock worth $6,193,864.

Several equities analysts have issued reports on EVRG shares. Wells Fargo & Co set a $62.00 price objective on Evergy and gave the stock a “buy” rating in a report on Friday, October 5th. Zacks Investment Research raised Evergy from a “sell” rating to a “hold” rating and set a $63.00 price objective on the stock in a report on Monday, August 6th. Finally, UBS Group dropped their price objective on 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 assigned a buy rating and one has issued a strong buy rating to the company. Evergy presently has a consensus rating of “Buy” and an average target price of $60.80.

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.

Further Reading: How Buying a Call Option Works

Want to see what other hedge funds are holding EVRG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Evergy (NASDAQ:EVRG).

Institutional Ownership by Quarter for Evergy (NASDAQ:EVRG)

Receive News & Ratings for Evergy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Evergy and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply