Victory Capital Management Inc. Grows Stake in Evergy (EVRG)

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Victory Capital Management Inc. lifted its position in shares of Evergy (NASDAQ:EVRG) by 101.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 409,125 shares of the company’s stock after buying an additional 205,627 shares during the quarter. Victory Capital Management Inc.’s holdings in Evergy were worth $23,750,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Financial Architects Inc raised its stake in shares of Evergy by 23.6% during the 4th quarter. Financial Architects Inc now owns 1,016 shares of the company’s stock worth $58,000 after buying an additional 194 shares during the last quarter. Virtu Financial LLC raised its stake in shares of Evergy by 3.3% during the 4th quarter. Virtu Financial LLC now owns 6,692 shares of the company’s stock worth $380,000 after buying an additional 214 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its stake in shares of Evergy by 1.6% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 16,430 shares of the company’s stock worth $933,000 after buying an additional 260 shares during the last quarter. Wade G W & Inc. raised its stake in shares of Evergy by 3.4% during the 4th quarter. Wade G W & Inc. now owns 8,163 shares of the company’s stock worth $463,000 after buying an additional 269 shares during the last quarter. Finally, Parallel Advisors LLC raised its stake in shares of Evergy by 9.6% during the 1st quarter. Parallel Advisors LLC now owns 3,298 shares of the company’s stock worth $191,000 after buying an additional 288 shares during the last quarter.

Evergy stock opened at $58.70 on Friday. Evergy has a 52 week low of $50.89 and a 52 week high of $61.10.

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

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, May 30th will be given a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date is Wednesday, May 29th.

EVRG has been the subject of several research reports. Bank of America raised Evergy from a “neutral” rating to a “buy” rating and set a $62.00 price target for the company in a research note on Tuesday, February 12th. Zacks Investment Research downgraded Evergy from a “hold” rating to a “sell” rating in a research note on Friday, March 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $60.14.

In related news, EVP Greg A. Greenwood sold 8,000 shares of Evergy stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $57.28, for a total transaction of $458,240.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Anthony D. Somma sold 1,000 shares of Evergy stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $59.04, for a total value of $59,040.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 19,632 shares of company stock valued at $1,129,784.

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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.

See Also: Index Funds

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Institutional Ownership by Quarter for Evergy (NASDAQ:EVRG)

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