Cypress Capital Management LLC boosted its stake in shares of Evergy (NASDAQ:EVRG) by 2.8% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 184,930 shares of the company’s stock after buying an additional 5,030 shares during the quarter. Evergy comprises approximately 2.0% of Cypress Capital Management LLC’s investment portfolio, making the stock its 20th largest holding. Cypress Capital Management LLC’s holdings in Evergy were worth $10,735,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in EVRG. Change Path LLC bought a new stake in Evergy in the 4th quarter valued at about $213,000. Pin Oak Investment Advisors Inc. bought a new stake in Evergy during the 4th quarter worth approximately $28,000. Whitehelm Capital Pty Ltd increased its holdings in Evergy by 13.0% during the 1st quarter. Whitehelm Capital Pty Ltd now owns 87,753 shares of the company’s stock worth $5,094,000 after purchasing an additional 10,114 shares in the last quarter. Morgan Stanley increased its holdings in Evergy by 64.7% during the 3rd quarter. Morgan Stanley now owns 1,854,479 shares of the company’s stock worth $101,847,000 after purchasing an additional 728,308 shares in the last quarter. Finally, Creative Planning increased its holdings in Evergy by 6.9% during the 4th quarter. Creative Planning now owns 43,612 shares of the company’s stock worth $2,476,000 after purchasing an additional 2,811 shares in the last quarter.
EVRG has been the subject of a number of recent research reports. Bank of America raised Evergy from a “neutral” rating to a “buy” rating and set a $62.00 price objective for the company in a report on Tuesday, February 12th. Zacks Investment Research downgraded Evergy from a “hold” rating to a “sell” rating in a research note on Friday, March 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $60.14.
Shares of NASDAQ:EVRG traded up $0.01 during trading on Wednesday, hitting $58.03. 2,463 shares of the company were exchanged, compared to its average volume of 1,794,749. Evergy has a 52-week low of $50.89 and a 52-week high of $61.10.
Evergy (NASDAQ:EVRG) last posted its earnings results on Wednesday, May 8th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.02. The company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the prior year, the company earned $0.34 EPS.
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, May 30th will be issued a $0.475 dividend. The ex-dividend date is Wednesday, May 29th. This represents a $1.90 annualized dividend and a dividend yield of 3.27%.
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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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