Jennison Associates LLC Sells 1,304,599 Shares of Evergy (NASDAQ:EVRG)

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Jennison Associates LLC trimmed its holdings in shares of Evergy (NASDAQ:EVRG) by 52.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,194,360 shares of the company’s stock after selling 1,304,599 shares during the quarter. Jennison Associates LLC owned 0.49% of Evergy worth $71,841,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in EVRG. CWM LLC lifted its position in shares of Evergy by 325.0% during the second quarter. CWM LLC now owns 425 shares of the company’s stock worth $26,000 after purchasing an additional 325 shares during the last quarter. Blue Sky Asset Management LLC bought a new stake in shares of Evergy in the first quarter valued at about $32,000. Bremer Bank National Association bought a new stake in shares of Evergy in the first quarter valued at about $37,000. Centersquare Investment Management LLC bought a new stake in shares of Evergy in the first quarter valued at about $38,000. Finally, Icon Wealth Partners LLC bought a new stake in shares of Evergy in the first quarter valued at about $40,000.

In other Evergy news, SVP Heather A. Humphrey sold 1,000 shares of Evergy stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $58.24, for a total value of $58,240.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Greg A. Greenwood sold 5,000 shares of Evergy stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $59.32, for a total value of $296,600.00. The disclosure for this sale can be found here.

Shares of EVRG stock traded down $0.61 on Friday, hitting $64.49. The stock had a trading volume of 1,059,319 shares, compared to its average volume of 1,679,597. The business has a 50 day moving average price of $61.93 and a 200 day moving average price of $59.05. Evergy has a one year low of $54.19 and a one year high of $65.45.

Evergy (NASDAQ:EVRG) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.02). The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same period in the prior year, the firm earned $0.67 EPS.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, August 30th will be paid a $0.475 dividend. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $1.90 annualized dividend and a yield of 2.95%.

Several research firms recently weighed in on EVRG. Zacks Investment Research upgraded Evergy from a “sell” rating to a “hold” rating and set a $68.00 price objective for the company in a report on Wednesday, August 14th. UBS Group lifted their price objective on Evergy from $58.00 to $61.00 and gave the company a “neutral” rating in a report on Friday, June 7th. Wells Fargo & Co downgraded Evergy from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 14th. They noted that the move was a valuation call. Finally, SunTrust Banks lifted their price objective on Evergy from $66.00 to $67.00 and gave the company a “buy” rating in a report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $62.67.

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.

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Institutional Ownership by Quarter for Evergy (NASDAQ:EVRG)

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