Hsbc Holdings PLC Sells 66,004 Shares of Evergy, Inc. (NASDAQ:EVRG)

Hsbc Holdings PLC cut its stake in Evergy, Inc. (NASDAQ:EVRG - Free Report) by 7.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 782,876 shares of the company's stock after selling 66,004 shares during the period. Hsbc Holdings PLC owned 0.34% of Evergy worth $48,123,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Evergy by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 30,665,885 shares of the company's stock valued at $1,887,485,000 after purchasing an additional 221,086 shares during the period. Franklin Resources Inc. lifted its stake in Evergy by 2.3% in the fourth quarter. Franklin Resources Inc. now owns 5,660,930 shares of the company's stock valued at $348,430,000 after buying an additional 128,211 shares during the period. Geode Capital Management LLC lifted its stake in Evergy by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 5,637,257 shares of the company's stock valued at $346,063,000 after buying an additional 133,641 shares during the period. American Century Companies Inc. grew its position in shares of Evergy by 3.8% during the 4th quarter. American Century Companies Inc. now owns 3,555,122 shares of the company's stock worth $218,818,000 after buying an additional 130,804 shares during the period. Finally, Federated Hermes Inc. grew its position in shares of Evergy by 2.2% during the 4th quarter. Federated Hermes Inc. now owns 3,434,216 shares of the company's stock worth $211,376,000 after buying an additional 73,066 shares during the period. 87.24% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Guggenheim raised shares of Evergy from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. Barclays raised their target price on Evergy from $72.00 to $73.00 and gave the company an "overweight" rating in a research note on Tuesday, April 22nd. UBS Group raised Evergy from a "neutral" rating to a "buy" rating and boosted their target price for the company from $68.00 to $78.00 in a research report on Monday. Finally, LADENBURG THALM/SH SH upgraded Evergy to a "strong-buy" rating in a report on Monday, March 17th. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Evergy has an average rating of "Buy" and a consensus price target of $70.92.

Evergy Stock Up 0.1 %

Shares of EVRG traded up $0.04 on Wednesday, reaching $68.95. The company's stock had a trading volume of 420,828 shares, compared to its average volume of 1,950,577. Evergy, Inc. has a twelve month low of $51.91 and a twelve month high of $70.30. The stock has a market capitalization of $15.86 billion, a PE ratio of 18.63, a PEG ratio of 2.82 and a beta of 0.52. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15. The firm has a fifty day moving average of $67.37 and a 200-day moving average of $64.37.

Evergy (NASDAQ:EVRG - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.11). Evergy had a return on equity of 8.77% and a net margin of 14.77%. The company had revenue of $1.26 billion during the quarter, compared to analysts' expectations of $1.24 billion. Equities analysts predict that Evergy, Inc. will post 3.83 EPS for the current year.

Evergy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were paid a $0.6675 dividend. The ex-dividend date was Monday, March 10th. This represents a $2.67 annualized dividend and a dividend yield of 3.87%. Evergy's payout ratio is 70.45%.

Evergy Company Profile

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.