Ledyard National Bank Buys Shares of 94,950 Evergy (NASDAQ:EVRG)

Ledyard National Bank bought a new stake in shares of Evergy (NASDAQ:EVRG) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 94,950 shares of the company’s stock, valued at approximately $5,711,000.

Several other institutional investors have also modified their holdings of the business. Dimensional Fund Advisors LP boosted its holdings in Evergy by 2.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,080,468 shares of the company’s stock valued at $61,336,000 after acquiring an additional 22,091 shares during the period. Geode Capital Management LLC boosted its holdings in Evergy by 6.4% during the 4th quarter. Geode Capital Management LLC now owns 3,525,405 shares of the company’s stock valued at $199,800,000 after acquiring an additional 212,498 shares during the period. American Century Companies Inc. purchased a new position in Evergy during the 4th quarter valued at about $418,000. Washington Trust Bank purchased a new position in Evergy during the 1st quarter valued at about $26,000. Finally, State of Alaska Department of Revenue boosted its stake in shares of Evergy by 5.9% in the 1st quarter. State of Alaska Department of Revenue now owns 339,970 shares of the company’s stock valued at $19,733,000 after buying an additional 18,971 shares during the period.

EVRG has been the subject of several recent research reports. UBS Group lifted their price objective on Evergy from $58.00 to $61.00 and gave the company a “neutral” rating in a research note on Friday, June 7th. Zacks Investment Research cut Evergy from a “hold” rating to a “sell” rating and set a $65.00 price objective for the company. in a research note on Thursday, July 18th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $61.20.

In related news, Director S Carl Soderstrom, Jr. sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $58.30, for a total transaction of $233,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Greg A. Greenwood sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $59.32, for a total value of $296,600.00. The disclosure for this sale can be found here. Insiders sold a total of 10,000 shares of company stock valued at $588,040 in the last quarter.

Shares of EVRG opened at $60.48 on Wednesday. The firm has a 50-day moving average of $60.90. Evergy has a 1 year low of $54.19 and a 1 year high of $62.12.

Evergy (NASDAQ:EVRG) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.02. The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the previous year, the business posted $0.34 EPS.

Evergy 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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