Evergy, Inc. (NYSE:EVRG) Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC lessened its holdings in shares of Evergy, Inc. (NYSE:EVRG) by 24.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 840,523 shares of the company’s stock after selling 277,443 shares during the quarter. Hsbc Holdings PLC’s holdings in Evergy were worth $44,636,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Fidelis Capital Partners LLC purchased a new position in Evergy during the first quarter worth about $32,000. Toth Financial Advisory Corp increased its stake in shares of Evergy by 199.5% during the 1st quarter. Toth Financial Advisory Corp now owns 635 shares of the company’s stock valued at $34,000 after acquiring an additional 423 shares during the last quarter. Rothschild Investment LLC acquired a new position in shares of Evergy during the 2nd quarter valued at about $37,000. Hantz Financial Services Inc. purchased a new position in shares of Evergy during the 2nd quarter worth about $41,000. Finally, Principal Securities Inc. acquired a new stake in shares of Evergy in the fourth quarter worth approximately $43,000. Institutional investors and hedge funds own 87.24% of the company’s stock.

Insider Activity

In related news, SVP Charles A. Caisley sold 9,236 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $59.63, for a total transaction of $550,742.68. Following the completion of the sale, the senior vice president now directly owns 33,425 shares of the company’s stock, valued at approximately $1,993,132.75. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, SVP Heather A. Humphrey sold 3,347 shares of the business’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $58.80, for a total value of $196,803.60. Following the completion of the sale, the senior vice president now owns 35,314 shares of the company’s stock, valued at approximately $2,076,463.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Charles A. Caisley sold 9,236 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $59.63, for a total transaction of $550,742.68. Following the transaction, the senior vice president now directly owns 33,425 shares in the company, valued at approximately $1,993,132.75. The disclosure for this sale can be found here. Insiders have sold 15,884 shares of company stock worth $941,810 over the last 90 days. Company insiders own 0.47% of the company’s stock.

Wall Street Analysts Forecast Growth

EVRG has been the subject of several research analyst reports. Jefferies Financial Group started coverage on shares of Evergy in a research report on Thursday. They set a “buy” rating and a $70.00 price target for the company. UBS Group upgraded Evergy to a “hold” rating in a report on Wednesday. Finally, Barclays increased their target price on Evergy from $61.00 to $64.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 13th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $60.00.

Evergy Stock Performance

NYSE:EVRG opened at $61.65 on Friday. The firm’s fifty day simple moving average is $58.50 and its 200 day simple moving average is $54.81. The company has a current ratio of 0.59, a quick ratio of 0.35 and a debt-to-equity ratio of 1.23. Evergy, Inc. has a twelve month low of $46.92 and a twelve month high of $62.24. The firm has a market capitalization of $14.18 billion, a price-to-earnings ratio of 19.95, a PEG ratio of 3.12 and a beta of 0.62.

Evergy (NYSE:EVRG) last issued its quarterly earnings data on Friday, August 9th. The company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.01. Evergy had a return on equity of 8.50% and a net margin of 13.12%. The company had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the previous year, the firm posted $0.81 earnings per share. As a group, equities research analysts expect that Evergy, Inc. will post 3.85 earnings per share for the current fiscal year.

Evergy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Tuesday, August 20th were paid a dividend of $0.6425 per share. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $2.57 dividend on an annualized basis and a dividend yield of 4.17%. Evergy’s dividend payout ratio is currently 83.17%.

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.