Tortoise Advisors UK Ltd Invests $4.21 Million in Evergy (NASDAQ:EVRG)

Tortoise Advisors UK Ltd purchased a new stake in shares of Evergy (NASDAQ:EVRG) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 72,470 shares of the company’s stock, valued at approximately $4,207,000. Evergy accounts for approximately 2.9% of Tortoise Advisors UK Ltd’s holdings, making the stock its 11th biggest position.

Several other hedge funds and other institutional investors also recently made changes to their positions in EVRG. Intrust Bank NA grew its holdings in shares of Evergy by 35.1% during the first quarter. Intrust Bank NA now owns 12,143 shares of the company’s stock valued at $705,000 after buying an additional 3,157 shares during the last quarter. VisionPoint Advisory Group LLC grew its holdings in shares of Evergy by 9.8% during the first quarter. VisionPoint Advisory Group LLC now owns 34,214 shares of the company’s stock valued at $1,986,000 after buying an additional 3,063 shares during the last quarter. Stanley Laman Group Ltd. grew its holdings in shares of Evergy by 4.4% during the first quarter. Stanley Laman Group Ltd. now owns 19,056 shares of the company’s stock valued at $1,106,000 after buying an additional 806 shares during the last quarter. Lido Advisors LLC grew its holdings in shares of Evergy by 5.9% during the first quarter. Lido Advisors LLC now owns 10,005 shares of the company’s stock valued at $580,000 after buying an additional 557 shares during the last quarter. Finally, Swiss National Bank grew its holdings in shares of Evergy by 0.6% during the first quarter. Swiss National Bank now owns 1,345,826 shares of the company’s stock valued at $78,125,000 after buying an additional 8,500 shares during the last quarter.

Evergy stock traded up $0.08 during midday trading on Friday, reaching $60.15. 2,765,234 shares of the company traded hands, compared to its average volume of 1,733,207. The company’s 50 day simple moving average is $59.52. Evergy has a 12 month low of $54.17 and a 12 month high of $61.54.

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

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Thursday, May 30th were given a $0.475 dividend. The ex-dividend date was Wednesday, May 29th. This represents a $1.90 annualized dividend and a yield of 3.16%.

EVRG has been the topic of a number of research analyst reports. UBS Group increased their price objective on shares of Evergy from $58.00 to $61.00 and gave the company a “neutral” rating in a research report on Friday, June 7th. Zacks Investment Research upgraded shares of Evergy from a “sell” rating to a “hold” rating in a research report on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $61.00.

In other Evergy news, EVP Greg A. Greenwood sold 5,000 shares of the stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $59.32, for a total value of $296,600.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director S Carl Soderstrom, Jr. sold 4,000 shares of the 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 disclosure for this sale can be found here. Insiders sold 13,000 shares of company stock worth $759,610 over the last quarter.

About Evergy

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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