Evergy (EVRG) Stake Increased by First Trust Advisors LP

First Trust Advisors LP lifted its holdings in Evergy (NASDAQ:EVRG) by 188.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 773,695 shares of the company’s stock after purchasing an additional 505,183 shares during the quarter. First Trust Advisors LP’s holdings in Evergy were worth $42,491,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Massachusetts Financial Services Co. MA lifted its position in Evergy by 6.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,454,605 shares of the company’s stock worth $134,808,000 after acquiring an additional 140,105 shares during the period. Tokio Marine Asset Management Co. Ltd. lifted its position in Evergy by 23.1% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 32,000 shares of the company’s stock worth $1,757,000 after acquiring an additional 6,000 shares during the period. UMB Bank N A MO lifted its position in Evergy by 31.7% during the 3rd quarter. UMB Bank N A MO now owns 44,890 shares of the company’s stock worth $2,465,000 after acquiring an additional 10,806 shares during the period. Duff & Phelps Investment Management Co. lifted its position in Evergy by 1.2% during the 3rd quarter. Duff & Phelps Investment Management Co. now owns 2,213,383 shares of the company’s stock worth $121,559,000 after acquiring an additional 25,655 shares during the period. Finally, IFM Investors Pty Ltd lifted its position in Evergy by 33.1% during the 3rd quarter. IFM Investors Pty Ltd now owns 15,647 shares of the company’s stock worth $859,000 after acquiring an additional 3,894 shares during the period.

A number of analysts have commented on the company. Zacks Investment Research raised Evergy from a “hold” rating to a “strong-buy” rating and set a $65.00 price target for the company in a research report on Wednesday, October 10th. UBS Group lowered their price target on Evergy from $60.00 to $58.00 and set a “neutral” rating for the company in a research report on Friday, September 21st. Finally, Wells Fargo & Co set a $62.00 price target on Evergy and gave the stock a “buy” rating in a research report on Friday, October 5th. 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. The company currently has a consensus rating of “Buy” and an average target price of $60.80.



In other Evergy news, SVP Jerl L. Banning sold 8,770 shares of Evergy stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $57.75, for a total transaction of $506,467.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mark A. Ruelle sold 52,250 shares of Evergy stock in a transaction dated Wednesday, August 15th. The shares were 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. Insiders have sold a total of 107,620 shares of company stock valued at $6,193,864 in the last quarter.

NASDAQ EVRG opened at $56.28 on Wednesday. Evergy has a fifty-two week low of $47.06 and a fifty-two week high of $59.28.

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

Evergy Company 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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