Summit Global Investments boosted its position in shares of Evergy (NASDAQ:EVRG) by 1.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 209,680 shares of the company’s stock after acquiring an additional 2,455 shares during the quarter. Evergy accounts for approximately 1.6% of Summit Global Investments’ investment portfolio, making the stock its 14th biggest holding. Summit Global Investments’ holdings in Evergy were worth $12,172,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Magellan Asset Management Ltd increased its holdings in shares of Evergy by 1,143.0% in the first quarter. Magellan Asset Management Ltd now owns 2,278,107 shares of the company’s stock valued at $132,244,000 after purchasing an additional 2,094,839 shares during the last quarter. Oregon Public Employees Retirement Fund increased its holdings in shares of Evergy by 5,507.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,660,636 shares of the company’s stock valued at $29,000 after purchasing an additional 1,631,019 shares during the last quarter. FMR LLC increased its holdings in shares of Evergy by 16.7% in the fourth quarter. FMR LLC now owns 7,503,322 shares of the company’s stock valued at $425,963,000 after purchasing an additional 1,075,097 shares during the last quarter. Ceredex Value Advisors LLC acquired a new position in shares of Evergy in the first quarter valued at $46,333,000. Finally, Vaughan Nelson Investment Management L.P. acquired a new position in shares of Evergy in the first quarter valued at $44,363,000.
Shares of EVRG stock traded up $0.18 on Friday, hitting $60.36. The company’s stock had a trading volume of 369,391 shares, compared to its average volume of 1,745,936. Evergy has a fifty-two week low of $51.63 and a fifty-two week high of $61.37.
Evergy (NASDAQ:EVRG) last released its quarterly earnings results on Wednesday, May 8th. The company reported $0.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.02. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same quarter last year, the company posted $0.34 earnings per share.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, May 30th will be paid a $0.475 dividend. The ex-dividend date of this dividend is Wednesday, May 29th. This represents a $1.90 annualized dividend and a dividend yield of 3.15%.
In related news, EVP Anthony D. Somma sold 2,000 shares of the company’s stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $57.10, for a total value of $114,200.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Greg A. Greenwood sold 5,000 shares of the company’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $59.32, for a total transaction of $296,600.00. The disclosure for this sale can be found here. Insiders sold 13,000 shares of company stock worth $759,610 over the last 90 days.
Several research firms have commented on EVRG. UBS Group upped their price objective on shares of Evergy from $58.00 to $61.00 and gave the company a “neutral” rating in a report on Friday, June 7th. Zacks Investment Research upgraded shares of Evergy from a “sell” rating to a “hold” rating in a report on Wednesday, April 24th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $60.50.
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