Equities Analysts Issue Forecasts for Evergy FY2025 Earnings

Evergy, Inc. (NASDAQ:EVRG) – Research analysts at Seaport Res Ptn lowered their FY2025 EPS estimates for shares of Evergy in a report released on Monday, January 6th. Seaport Res Ptn analyst A. Storozynski now expects that the company will post earnings per share of $4.02 for the year, down from their prior forecast of $4.05. The consensus estimate for Evergy’s current full-year earnings is $3.84 per share. Seaport Res Ptn also issued estimates for Evergy’s FY2026 earnings at $4.24 EPS.

Evergy (NASDAQ:EVRG) last released its quarterly earnings results on Thursday, November 7th. The company reported $2.02 earnings per share for the quarter, topping analysts’ consensus estimates of $1.95 by $0.07. Evergy had a return on equity of 8.77% and a net margin of 14.77%. The business had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $2.35 billion. During the same quarter in the prior year, the firm posted $1.88 EPS. The company’s revenue was up 8.5% compared to the same quarter last year.

Several other equities research analysts also recently issued reports on EVRG. Wells Fargo & Company lifted their price objective on Evergy from $65.00 to $69.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Barclays decreased their price target on Evergy from $67.00 to $65.00 and set an “overweight” rating for the company in a research note on Monday, October 21st. LADENBURG THALM/SH SH raised Evergy from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $59.00 to $68.50 in a report on Thursday, January 2nd. UBS Group raised shares of Evergy to a “hold” rating in a report on Wednesday, September 18th. Finally, Jefferies Financial Group started coverage on Evergy in a report on Thursday, September 19th. They issued a “buy” rating and a $70.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $64.06.

Evergy Stock Down 2.1 %

Shares of EVRG opened at $60.27 on Tuesday. The firm has a market cap of $13.86 billion, a PE ratio of 16.29, a price-to-earnings-growth ratio of 2.75 and a beta of 0.64. Evergy has a fifty-two week low of $48.04 and a fifty-two week high of $65.47. The company has a quick ratio of 0.32, a current ratio of 0.55 and a debt-to-equity ratio of 1.15. The company’s fifty day moving average is $62.34 and its two-hundred day moving average is $59.74.

Institutional Investors Weigh In On Evergy

Hedge funds have recently bought and sold shares of the company. TD Asset Management Inc lifted its stake in shares of Evergy by 3.4% in the second quarter. TD Asset Management Inc now owns 83,909 shares of the company’s stock valued at $4,445,000 after buying an additional 2,770 shares during the period. Victory Capital Management Inc. lifted its holdings in Evergy by 49.2% during the second quarter. Victory Capital Management Inc. now owns 1,178,289 shares of the company’s stock worth $62,414,000 after acquiring an additional 388,625 shares in the last quarter. Savant Capital LLC lifted its stake in Evergy by 249.7% in the second quarter. Savant Capital LLC now owns 59,604 shares of the company’s stock valued at $3,157,000 after buying an additional 42,561 shares in the last quarter. MainStreet Investment Advisors LLC boosted its position in shares of Evergy by 26.4% during the second quarter. MainStreet Investment Advisors LLC now owns 5,718 shares of the company’s stock worth $303,000 after buying an additional 1,195 shares during the period. Finally, Caprock Group LLC boosted its holdings in Evergy by 16.6% during the second quarter. Caprock Group LLC now owns 11,122 shares of the company’s stock worth $589,000 after purchasing an additional 1,580 shares during the last quarter. 87.24% of the stock is currently owned by institutional investors.

Insider Activity at Evergy

In other Evergy news, EVP Kevin E. Bryant sold 48,141 shares of the stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $62.93, for a total transaction of $3,029,513.13. Following the transaction, the executive vice president now owns 1 shares in the company, valued at $62.93. This trade represents a 100.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.47% of the stock is currently owned by company insiders.

Evergy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Thursday, November 21st were given a dividend of $0.6675 per share. This is a boost from Evergy’s previous quarterly dividend of $0.64. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.67 dividend on an annualized basis and a yield of 4.43%. Evergy’s dividend payout ratio (DPR) is presently 72.16%.

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.