MetLife Investment Advisors LLC Sells 2,950 Shares of Evergy (NASDAQ:EVRG)

MetLife Investment Advisors LLC trimmed its position in shares of Evergy (NASDAQ:EVRG) by 3.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 72,391 shares of the company’s stock after selling 2,950 shares during the period. MetLife Investment Advisors LLC’s holdings in Evergy were worth $4,202,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Truvestments Capital LLC acquired a new stake in shares of Evergy during the 1st quarter valued at $25,000. Altshuler Shaham Ltd bought a new position in Evergy in the 4th quarter worth $26,000. Washington Trust Bank bought a new position in Evergy in the 1st quarter worth $26,000. Larson Financial Group LLC increased its holdings in shares of Evergy by 4,500.0% during the 1st quarter. Larson Financial Group LLC now owns 460 shares of the company’s stock worth $27,000 after purchasing an additional 450 shares during the period. Finally, Pin Oak Investment Advisors Inc. bought a new position in shares of Evergy during the 4th quarter worth about $28,000.

In related news, Director S Carl Soderstrom, Jr. sold 4,000 shares of the stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $58.30, for a total value of $233,200.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Heather A. Humphrey sold 1,000 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $57.37, for a total transaction of $57,370.00. The disclosure for this sale can be found here. Insiders have sold 11,000 shares of company stock worth $645,410 over the last quarter.

Several research firms have recently issued reports on EVRG. Zacks Investment Research downgraded shares of GenMark Diagnostics from a “hold” rating to a “sell” rating in a report on Wednesday, April 24th. UBS Group reissued a “buy” rating on shares of Fortis in a research note on Friday, June 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. Evergy currently has a consensus rating of “Hold” and an average target price of $61.00.

NASDAQ:EVRG traded down $0.41 on Friday, reaching $61.14. The stock had a trading volume of 1,877,334 shares, compared to its average volume of 1,705,237. Evergy has a 1-year low of $54.19 and a 1-year high of $62.12. The stock’s fifty day simple moving average is $60.25.

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

The business also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Thursday, May 30th were given a dividend of $0.475 per share. The ex-dividend date was Wednesday, May 29th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.11%.

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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