Twin Capital Management Inc. significantly reduced its stake in Evergy Inc. by 56% during the third quarter, now holding 16,655 shares valued at $1.27 million. This move comes as Evergy missed quarterly earnings and revenue estimates, reporting $2.03 EPS against a $2.14 consensus and $1.81 billion in revenue against $2.24 billion expected. Despite the miss, analysts maintain a “Moderate Buy” consensus with an average price target of $83.63, and institutional investors collectively own 87.24% of the company’s stock.
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Twin Capital Management Inc. Cuts Stake in Evergy Inc. $EVRG
Twin Capital Management Inc. significantly reduced its stake in Evergy Inc. by 56% during the third quarter, now holding 16,655 shares valued at $1.27 million. This move comes as Evergy missed quarterly earnings and revenue estimates, reporting $2.03 EPS against a $2.14 consensus and $1.81 billion in revenue against $2.24 billion expected. Despite the miss, analysts maintain a “Moderate Buy” consensus with an average price target of $83.63, and institutional investors collectively own 87.24% of the company’s stock.