Eaton Vance Management lessened its stake in Evergy (NASDAQ:EVRG) by 9.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 110,394 shares of the company’s stock after selling 11,447 shares during the quarter. Eaton Vance Management’s holdings in Evergy were worth $6,063,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. BlackRock Inc. increased its holdings in Evergy by 11.7% in the third quarter. BlackRock Inc. now owns 21,248,712 shares of the company’s stock valued at $1,166,980,000 after purchasing an additional 2,225,498 shares during the last quarter. FMR LLC bought a new stake in Evergy in the second quarter valued at about $437,286,000. Commonwealth Bank of Australia bought a new stake in Evergy in the second quarter valued at about $337,943,000. Renaissance Technologies LLC bought a new stake in Evergy in the second quarter valued at about $301,928,000. Finally, Millennium Management LLC bought a new stake in Evergy in the second quarter valued at about $224,008,000.
NASDAQ:EVRG opened at $60.77 on Friday. Evergy has a 1 year low of $47.06 and a 1 year high of $61.10.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 20th. Shareholders of record on Thursday, November 29th will be paid a $0.475 dividend. The ex-dividend date of this dividend is Wednesday, November 28th. This represents a $1.90 dividend on an annualized basis and a yield of 3.13%.
A number of research analysts have issued reports on the company. Zacks Investment Research raised Evergy from a “hold” rating to a “strong-buy” rating and set a $65.00 target price for the company in a research note on Wednesday, October 10th. Wells Fargo & Co set a $62.00 target price on Evergy and gave the company a “buy” rating in a research note on Friday, October 5th. Finally, UBS Group decreased their target price on Evergy from $60.00 to $58.00 and set a “neutral” rating for the company in a research note on Friday, September 21st. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $60.80.
In other news, EVP Greg A. Greenwood sold 4,815 shares of the company’s stock in a transaction dated Tuesday, November 13th. The stock was sold at an average price of $59.39, for a total transaction of $285,962.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Anthony D. Somma sold 1,000 shares of the company’s stock in a transaction dated Friday, November 16th. The stock was sold at an average price of $59.64, for a total value of $59,640.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 15,585 shares of company stock valued at $908,980.
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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