FY2025 Earnings Forecast for Evergy Issued By Zacks Research

Evergy, Inc. (NASDAQ:EVRG - Free Report) - Zacks Research cut their FY2025 EPS estimates for shares of Evergy in a research report issued on Monday, January 6th. Zacks Research analyst R. Department now forecasts that the company will post earnings of $4.03 per share for the year, down from their previous estimate of $4.04. The consensus estimate for Evergy's current full-year earnings is $3.84 per share. Zacks Research also issued estimates for Evergy's Q4 2025 earnings at $0.44 EPS.

EVRG has been the subject of a number of other reports. LADENBURG THALM/SH SH raised Evergy from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $59.00 to $68.50 in a research report on Thursday, January 2nd. Mizuho initiated coverage on Evergy in a report on Tuesday, October 29th. They set an "outperform" rating and a $67.00 price target for the company. UBS Group upgraded shares of Evergy to a "hold" rating in a research report on Wednesday, September 18th. Wells Fargo & Company upped their price objective on shares of Evergy from $65.00 to $69.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 16th. Finally, Jefferies Financial Group started coverage on shares of Evergy in a report on Thursday, September 19th. They issued a "buy" rating and a $70.00 target price on the stock. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Evergy presently has an average rating of "Moderate Buy" and a consensus target price of $64.06.

Evergy Stock Performance

Shares of EVRG traded up $0.37 during mid-day trading on Thursday, hitting $60.91. 3,043,975 shares of the company's stock were exchanged, compared to its average volume of 1,702,275. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15. Evergy has a fifty-two week low of $48.04 and a fifty-two week high of $65.47. The business's 50 day moving average is $62.38 and its two-hundred day moving average is $59.81. The firm has a market capitalization of $14.01 billion, a P/E ratio of 16.46, a P/E/G ratio of 2.75 and a beta of 0.64.

Evergy (NASDAQ:EVRG - Get Free Report) last announced its earnings results on Thursday, November 7th. The company reported $2.02 EPS for the quarter, beating analysts' consensus estimates of $1.95 by $0.07. The business had revenue of $1.81 billion for the quarter, compared to analysts' expectations of $2.35 billion. Evergy had a net margin of 14.77% and a return on equity of 8.77%. The company's quarterly revenue was up 8.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.88 EPS.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of EVRG. Pensionfund Sabic grew its holdings in Evergy by 26.3% during the 4th quarter. Pensionfund Sabic now owns 24,000 shares of the company's stock valued at $1,477,000 after buying an additional 5,000 shares during the last quarter. Everence Capital Management Inc. purchased a new stake in shares of Evergy in the fourth quarter valued at $229,000. GAMMA Investing LLC boosted its stake in shares of Evergy by 14.4% during the fourth quarter. GAMMA Investing LLC now owns 11,794 shares of the company's stock valued at $726,000 after acquiring an additional 1,481 shares during the last quarter. JPMorgan Chase & Co. increased its position in Evergy by 24.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,675,453 shares of the company's stock worth $103,895,000 after purchasing an additional 330,464 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in Evergy by 7.2% in the 3rd quarter. Principal Financial Group Inc. now owns 278,197 shares of the company's stock valued at $17,251,000 after purchasing an additional 18,595 shares during the last quarter. 87.24% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Evergy

In other Evergy news, EVP Kevin E. Bryant sold 48,141 shares of Evergy stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $62.93, for a total transaction of $3,029,513.13. Following the completion of the transaction, the executive vice president now owns 1 shares in the company, valued at approximately $62.93. The trade was a 100.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.47% of the stock is currently owned by company insiders.

Evergy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Thursday, November 21st were issued a $0.6675 dividend. The ex-dividend date was Thursday, November 21st. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.38%. This is a boost from Evergy's previous quarterly dividend of $0.64. Evergy's dividend payout ratio is currently 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.