Evergy (EVRG) Insider Terry D. Bassham Sells 10,940 Shares of Stock

Evergy (NASDAQ:EVRG) insider Terry D. Bassham sold 10,940 shares of Evergy stock in a transaction dated Tuesday, December 4th. The shares were sold at an average price of $60.54, for a total transaction of $662,307.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of EVRG stock traded down $0.46 during midday trading on Friday, reaching $60.31. 1,682,727 shares of the company were exchanged, compared to its average volume of 1,484,144. Evergy has a 12 month low of $47.06 and a 12 month high of $61.10.

Evergy (NASDAQ:EVRG) last released its quarterly earnings results on Thursday, November 8th. The company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.06. The company had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter last year, the firm posted $1.11 earnings per share. The firm’s quarterly revenue was up 99.2% compared to the same quarter last year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 20th. Shareholders of record on Thursday, November 29th will be given a dividend of $0.475 per share. The ex-dividend date of this dividend is Wednesday, November 28th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.15%.

Several analysts recently weighed in on the stock. Wells Fargo & Co set a $62.00 price objective on shares of Evergy and gave the company a “buy” rating in a research report on Friday, October 5th. UBS Group cut their price objective on shares of Evergy from $60.00 to $58.00 and set a “neutral” rating on the stock in a research report on Friday, September 21st. Finally, Zacks Investment Research upgraded shares of Evergy from a “hold” rating to a “strong-buy” rating and set a $65.00 price objective on the stock in a research report on Wednesday, October 10th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $60.80.

Hedge funds have recently added to or reduced their stakes in the business. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp bought a new stake in shares of Evergy during the 2nd quarter worth about $4,579,000. Commonwealth Bank of Australia acquired a new position in shares of Evergy in the 2nd quarter worth approximately $337,943,000. Summit Trail Advisors LLC acquired a new position in shares of Evergy in the 2nd quarter worth approximately $127,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Evergy in the 2nd quarter worth approximately $176,000. Finally, Edgemoor Investment Advisors Inc. acquired a new position in shares of Evergy in the 3rd quarter worth approximately $4,300,000.

ILLEGAL ACTIVITY WARNING: “Evergy (EVRG) Insider Terry D. Bassham Sells 10,940 Shares of Stock” was originally reported by XNewsPress and is the sole property of of XNewsPress. If you are accessing this article on another site, it was illegally stolen and republished in violation of United States and international copyright & trademark law. The legal version of this article can be read at https://xnewspress.com/news/2018/12/08/evergy-evrg-insider-terry-d-bassham-sells-10940-shares-of-stock.html.

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.

Further Reading: What is a Reverse Stock Split?

Insider Buying and Selling by Quarter for Evergy (NASDAQ:EVRG)

Receive News & Ratings for Evergy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Evergy and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply