Hsbc Holdings PLC Raises Stock Holdings in Evergy Inc. $EVRG

Hsbc Holdings PLC increased its stake in Evergy Inc. (NASDAQ:EVRG) by 24.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,215,208 shares of the company’s stock after purchasing an additional 237,046 shares during the period. Hsbc Holdings PLC’s holdings in Evergy were worth $88,119,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Allspring Global Investments Holdings LLC grew its stake in Evergy by 0.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 24,981 shares of the company’s stock worth $1,826,000 after buying an additional 140 shares in the last quarter. Hilltop Holdings Inc. raised its position in shares of Evergy by 1.6% during the 4th quarter. Hilltop Holdings Inc. now owns 8,990 shares of the company’s stock valued at $652,000 after buying an additional 142 shares in the last quarter. Moneta Group Investment Advisors LLC lifted its holdings in shares of Evergy by 0.3% during the 3rd quarter. Moneta Group Investment Advisors LLC now owns 46,972 shares of the company’s stock worth $3,571,000 after acquiring an additional 145 shares during the last quarter. Cary Street Partners Investment Advisory LLC lifted its holdings in shares of Evergy by 17.7% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 979 shares of the company’s stock worth $74,000 after acquiring an additional 147 shares during the last quarter. Finally, Modern Wealth Management LLC grew its position in Evergy by 1.9% in the third quarter. Modern Wealth Management LLC now owns 7,926 shares of the company’s stock worth $603,000 after acquiring an additional 148 shares in the last quarter. 87.24% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Evergy

In related news, EVP Charles A. Caisley sold 10,787 shares of the stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $83.46, for a total transaction of $900,283.02. Following the completion of the sale, the executive vice president directly owned 37,789 shares in the company, valued at $3,153,869.94. This represents a 22.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Sandra Aj Lawrence sold 600 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $81.41, for a total value of $48,846.00. Following the transaction, the director owned 680 shares in the company, valued at approximately $55,358.80. The trade was a 46.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 12,748 shares of company stock valued at $1,061,870. 1.52% of the stock is currently owned by corporate insiders.

Evergy Price Performance

EVRG stock opened at $82.50 on Monday. The firm has a market cap of $19.02 billion, a P/E ratio of 21.88, a P/E/G ratio of 2.14 and a beta of 0.55. The firm’s fifty day moving average is $82.39 and its 200 day moving average is $79.45. Evergy Inc. has a 52 week low of $66.89 and a 52 week high of $85.27. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.24 and a current ratio of 0.45.

Evergy (NASDAQ:EVRG) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.06. Evergy had a net margin of 14.63% and a return on equity of 9.09%. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same period in the previous year, the firm posted $0.54 earnings per share. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. Evergy has set its FY 2026 guidance at 4.140-4.340 EPS. Research analysts predict that Evergy Inc. will post 4.25 earnings per share for the current year.

Evergy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Friday, May 22nd were paid a $0.695 dividend. This represents a $2.78 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend was Friday, May 22nd. Evergy’s payout ratio is 73.74%.

Analyst Ratings Changes

EVRG has been the topic of a number of research analyst reports. Wells Fargo & Company set a $87.00 target price on Evergy in a research note on Tuesday, April 21st. Mizuho set a $82.00 price objective on Evergy in a report on Monday, February 23rd. Barclays increased their price objective on Evergy from $82.00 to $89.00 and gave the company an “overweight” rating in a research report on Monday, March 9th. BMO Capital Markets boosted their target price on Evergy from $82.00 to $87.00 and gave the stock an “outperform” rating in a research report on Monday, February 23rd. Finally, BTIG Research assumed coverage on Evergy in a research note on Thursday, April 9th. They issued a “buy” rating and a $99.00 target price for the company. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $89.60.

About Evergy

Evergy, Inc is a regulated electric utility that generates, transmits and distributes electricity to residential, commercial and industrial customers primarily across Kansas and western Missouri. The company provides core utility services including retail electric delivery, grid operations, customer service and outage restoration, operating under state regulatory frameworks. Evergy serves a mix of urban and rural communities, including portions of the Kansas City metropolitan area and other population centers in its service territory.

The company’s business activities span power generation, system planning, transmission and distribution infrastructure, and customer-facing programs such as energy efficiency and demand-side management.