Hsbc Holdings PLC Has $41.63 Million Position in Evergy Inc. $EVRG

Hsbc Holdings PLC reduced its stake in shares of Evergy Inc. (NASDAQ:EVRG) by 22.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 605,119 shares of the company’s stock after selling 177,757 shares during the quarter. Hsbc Holdings PLC owned approximately 0.26% of Evergy worth $41,627,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Brighton Jones LLC bought a new position in Evergy during the fourth quarter valued at approximately $257,000. NewEdge Advisors LLC raised its position in Evergy by 22.9% during the fourth quarter. NewEdge Advisors LLC now owns 14,569 shares of the company’s stock valued at $897,000 after acquiring an additional 2,715 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Evergy by 1.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,295,687 shares of the company’s stock valued at $79,749,000 after acquiring an additional 19,584 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its position in Evergy by 16.5% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 6,873 shares of the company’s stock valued at $423,000 after acquiring an additional 973 shares in the last quarter. Finally, MetLife Investment Management LLC raised its position in Evergy by 1.8% during the fourth quarter. MetLife Investment Management LLC now owns 60,738 shares of the company’s stock valued at $3,738,000 after acquiring an additional 1,074 shares in the last quarter. 87.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on EVRG shares. Citigroup raised their price objective on shares of Evergy from $77.00 to $79.00 and gave the company a “buy” rating in a research report on Friday, May 16th. BMO Capital Markets started coverage on shares of Evergy in a research report on Tuesday, May 13th. They set an “outperform” rating and a $75.00 price objective on the stock. Mizuho raised their price objective on shares of Evergy from $74.00 to $77.00 and gave the company an “outperform” rating in a research report on Friday, August 8th. Barclays dropped their price target on shares of Evergy from $73.00 to $71.00 and set an “overweight” rating on the stock in a research report on Friday, May 30th. Finally, LADENBURG THALM/SH SH raised shares of Evergy to a “strong-buy” rating in a research report on Thursday, May 8th. One analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the stock. According to data from MarketBeat.com, Evergy currently has an average rating of “Buy” and a consensus price target of $74.44.

Evergy Trading Down 0.3%

NASDAQ:EVRG opened at $72.30 on Friday. Evergy Inc. has a 12 month low of $58.25 and a 12 month high of $73.97. The firm has a market cap of $16.64 billion, a price-to-earnings ratio of 19.86, a P/E/G ratio of 3.17 and a beta of 0.48. The company has a quick ratio of 0.27, a current ratio of 0.50 and a debt-to-equity ratio of 1.24. The company’s 50 day moving average is $69.97 and its 200-day moving average is $68.05.

Evergy (NASDAQ:EVRG) last announced its earnings results on Thursday, August 7th. The company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.04. Evergy had a net margin of 14.29% and a return on equity of 8.62%. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same quarter in the previous year, the firm posted $0.90 earnings per share. Evergy’s revenue was down .7% compared to the same quarter last year. Evergy has set its FY 2025 guidance at 3.920-4.120 EPS. Equities analysts anticipate that Evergy Inc. will post 3.83 EPS for the current year.

Evergy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Friday, August 22nd will be given a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $2.67 dividend on an annualized basis and a yield of 3.7%. Evergy’s payout ratio is 73.35%.

About Evergy

Evergy, Inc, together with its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in the United States. The company generates electricity through coal, landfill gas, uranium, and natural gas and oil sources, as well as solar, wind, other renewable sources. It serves residences, commercial firms, industrials, municipalities, and other electric utilities.