Pin Oak Investment Advisors Inc. Invests $28,000 in Evergy (EVRG)

Pin Oak Investment Advisors Inc. purchased a new stake in Evergy (NASDAQ:EVRG) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 500 shares of the company’s stock, valued at approximately $28,000.

Several other institutional investors and hedge funds have also bought and sold shares of EVRG. SG Americas Securities LLC lifted its stake in shares of Evergy by 208.2% in the third quarter. SG Americas Securities LLC now owns 33,814 shares of the company’s stock valued at $1,857,000 after buying an additional 22,844 shares during the period. Prudential Financial Inc. boosted its stake in shares of Evergy by 2.7% in the 3rd quarter. Prudential Financial Inc. now owns 300,067 shares of the company’s stock valued at $16,479,000 after purchasing an additional 7,902 shares during the last quarter. MML Investors Services LLC raised its holdings in shares of Evergy by 38.0% in the third quarter. MML Investors Services LLC now owns 8,474 shares of the company’s stock valued at $465,000 after purchasing an additional 2,334 shares during the last quarter. Alliancebernstein L.P. boosted its position in shares of Evergy by 1.6% in the third quarter. Alliancebernstein L.P. now owns 476,206 shares of the company’s stock valued at $26,153,000 after acquiring an additional 7,501 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of Evergy by 1.3% during the third quarter. Bank of New York Mellon Corp now owns 2,483,076 shares of the company’s stock worth $136,371,000 after acquiring an additional 31,887 shares in the last quarter.

In other news, SVP Charles A. Caisley sold 2,632 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $57.57, for a total value of $151,524.24. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Anthony D. Somma sold 1,000 shares of the company’s stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $59.04, for a total value of $59,040.00. The disclosure for this sale can be found here. Insiders have sold 15,632 shares of company stock worth $896,194 in the last three months.

A number of brokerages have weighed in on EVRG. Goldman Sachs Group lowered Evergy from a “neutral” rating to a “sell” rating and boosted their target price for the stock from $53.00 to $56.00 in a research report on Friday, January 4th. Bank of America upgraded Evergy from a “neutral” rating to a “buy” rating and set a $62.00 price target for the company in a research note on Tuesday, February 12th. Finally, Zacks Investment Research upgraded Evergy from a “hold” rating to a “strong-buy” rating and set a $64.00 target price on the stock in a research note on Friday, January 11th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $60.14.

Shares of Evergy stock traded down $0.24 on Friday, reaching $56.57. 2,316,194 shares of the stock were exchanged, compared to its average volume of 1,822,605. Evergy has a twelve month low of $50.89 and a twelve month high of $61.10.

Evergy (NASDAQ:EVRG) last issued its quarterly earnings results on Thursday, February 21st. The company reported $0.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.16). The company had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.26 billion.

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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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Institutional Ownership by Quarter for Evergy (NASDAQ:EVRG)

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