Credit Agricole S A Has $4.15 Million Stake in Evergy Inc. $EVRG

Credit Agricole S A raised its stake in Evergy Inc. (NASDAQ:EVRG) by 8.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 60,236 shares of the company’s stock after buying an additional 4,927 shares during the quarter. Credit Agricole S A’s holdings in Evergy were worth $4,153,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Banco Bilbao Vizcaya Argentaria S.A. lifted its stake in Evergy by 4.4% in the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 4,944 shares of the company’s stock valued at $341,000 after buying an additional 210 shares during the period. BI Asset Management Fondsmaeglerselskab A S lifted its stake in Evergy by 69.1% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 11,619 shares of the company’s stock valued at $801,000 after buying an additional 4,746 shares during the period. HITE Hedge Asset Management LLC lifted its stake in Evergy by 27.4% in the first quarter. HITE Hedge Asset Management LLC now owns 326,872 shares of the company’s stock valued at $22,538,000 after buying an additional 70,278 shares during the period. Wellington Management Group LLP acquired a new position in Evergy in the first quarter valued at about $1,203,000. Finally, Korea Investment CORP lifted its stake in Evergy by 15.8% in the first quarter. Korea Investment CORP now owns 279,790 shares of the company’s stock valued at $19,292,000 after buying an additional 38,133 shares during the period. Institutional investors and hedge funds own 87.24% of the company’s stock.

Evergy Stock Performance

Shares of NASDAQ EVRG opened at $72.30 on Friday. The stock has a 50 day moving average price of $69.97 and a 200 day moving average price of $68.05. Evergy Inc. has a 52 week low of $58.25 and a 52 week high of $73.97. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.27 and a current ratio of 0.50. The stock has a market capitalization of $16.64 billion, a PE ratio of 19.86, a price-to-earnings-growth ratio of 3.17 and a beta of 0.48.

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

Evergy Dividend Announcement

The business also recently declared 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 annualized dividend and a yield of 3.7%. Evergy’s dividend payout ratio is 73.35%.

Analyst Ratings Changes

Several equities research analysts have issued reports on EVRG shares. Citigroup increased their price target on Evergy from $77.00 to $79.00 and gave the stock a “buy” rating in a report on Friday, May 16th. UBS Group upgraded Evergy from a “neutral” rating to a “buy” rating and increased their price target for the stock from $68.00 to $78.00 in a report on Monday, April 28th. Barclays lowered their price target on Evergy from $73.00 to $71.00 and set an “overweight” rating for the company in a report on Friday, May 30th. Mizuho increased their price target on Evergy from $74.00 to $77.00 and gave the stock an “outperform” rating in a report on Friday, August 8th. Finally, Wall Street Zen downgraded Evergy from a “hold” rating to a “sell” rating in a report on Thursday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $74.44.

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.