Evergy (EVRG) Short Interest Update
Evergy (NASDAQ:EVRG) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 8,140,070 shares, an increase of 146.6% from the August 15th total of 3,301,538 shares. Approximately 3.0% of the company’s shares are short sold. Based on an average daily trading volume, of 1,609,083 shares, the short-interest ratio is currently 5.1 days.
In other news, SVP Jerl L. Banning sold 8,770 shares of Evergy stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $57.75, for a total value of $506,467.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Richard L. Hawley sold 2,100 shares of Evergy stock in a transaction dated 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. Over the last three months, insiders sold 106,620 shares of company stock worth $6,136,954.
A number of institutional investors have recently added to or reduced their stakes in EVRG. Adviser Investments LLC acquired a new position in Evergy during the 2nd quarter worth approximately $101,000. M&R Capital Management Inc. acquired a new position in Evergy during the 2nd quarter worth approximately $102,000. Hudock Capital Group LLC acquired a new position in Evergy during the 2nd quarter worth approximately $102,000. Proficio Capital Partners LLC acquired a new position in Evergy during the 2nd quarter worth approximately $102,000. Finally, First Financial Corp IN acquired a new position in Evergy during the 2nd quarter worth approximately $112,000.
Evergy (NASDAQ:EVRG) last released its quarterly earnings data on Thursday, August 9th. The company reported $0.56 earnings per share for the quarter, meeting the consensus estimate of $0.56. The firm had revenue of $893.40 million during the quarter, compared to analyst estimates of $623.51 million. The business’s revenue for the quarter was up 46.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.50 earnings per share.
The business also recently declared a dividend, which will be paid on Thursday, September 20th. Investors of record on Wednesday, August 29th will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Tuesday, August 28th.
Several equities analysts have recently weighed in on EVRG shares. Bank of America started coverage on Evergy in a research note on Tuesday, June 5th. They issued a “neutral” rating on the stock. Zacks Investment Research raised Evergy from a “sell” rating to a “hold” rating and set a $63.00 price objective on the stock in a research note on Monday, August 6th. SunTrust Banks started coverage on Evergy in a research note on Tuesday, June 5th. They issued a “buy” rating and a $61.00 price objective on the stock. Guggenheim started coverage on Evergy in a research note on Friday, June 15th. They issued a “buy” rating and a $58.00 price objective on the stock. Finally, UBS Group lifted their price objective on Evergy from $56.00 to $57.00 and gave the company a “neutral” rating in a research note on Thursday, June 21st. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Evergy presently has a consensus rating of “Hold” and an average price target 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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