105,069 Shares in Evergy (EVRG) Purchased by Soros Fund Management LLC
Soros Fund Management LLC acquired a new position in Evergy (NASDAQ:EVRG) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 105,069 shares of the company’s stock, valued at approximately $5,900,000. Soros Fund Management LLC owned about 0.07% of Evergy at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in EVRG. BlackRock Inc. bought a new stake in Evergy in the 2nd quarter worth approximately $1,068,152,000. FMR LLC purchased a new position in shares of Evergy in the 2nd quarter worth approximately $437,286,000. Commonwealth Bank of Australia purchased a new position in shares of Evergy in the 2nd quarter worth approximately $337,943,000. Renaissance Technologies LLC purchased a new position in shares of Evergy in the 2nd quarter worth approximately $301,928,000. Finally, Janus Henderson Group PLC purchased a new position in shares of Evergy in the 2nd quarter worth approximately $169,059,000.
In related news, Director Mark A. Ruelle sold 43,500 shares of the business’s stock in a transaction on Tuesday, August 21st. The stock was sold at an average price of $57.51, for a total transaction of $2,501,685.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard L. Hawley sold 2,100 shares of the business’s stock in a transaction on Friday, August 24th. The shares were sold at an average price of $57.26, for a total value of $120,246.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 97,850 shares of company stock valued at $5,630,486.
Evergy (NASDAQ:EVRG) last announced its earnings results on Thursday, August 9th. The company reported $0.56 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.56. The company had revenue of $893.40 million during the quarter, compared to analysts’ expectations of $623.51 million. Evergy’s revenue for the quarter was up 46.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.50 EPS.
The firm also recently disclosed a dividend, which will be paid on Thursday, September 20th. Investors of record on Wednesday, August 29th will be issued a dividend of $0.46 per share. The ex-dividend date is Tuesday, August 28th.
A number of equities analysts have recently commented on EVRG shares. Bank of America started coverage on Evergy in a report on Tuesday, June 5th. They issued a “neutral” rating for the company. Zacks Investment Research upgraded Evergy from a “sell” rating to a “hold” rating and set a $63.00 target price for the company in a report on Monday, August 6th. SunTrust Banks started coverage on Evergy in a report on Tuesday, June 5th. They issued a “buy” rating and a $61.00 target price for the company. Guggenheim started coverage on Evergy in a report on Friday, June 15th. They issued a “buy” rating and a $58.00 target price for the company. Finally, UBS Group lifted their target price on Evergy from $56.00 to $57.00 and gave the stock a “neutral” rating in a report on Thursday, June 21st. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $59.75.
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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