Seaport Res Ptn Has Weak Forecast for Evergy FY2025 Earnings

Evergy, Inc. (NASDAQ:EVRG - Free Report) - Research analysts at Seaport Res Ptn reduced their FY2025 EPS estimates for shares of Evergy in a report issued on Monday, January 6th. Seaport Res Ptn analyst A. Storozynski now forecasts that the company will earn $4.02 per share for the year, down from their prior estimate 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.

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

Evergy Stock Up 0.4 %

Shares of EVRG traded up $0.27 during midday trading on Tuesday, reaching $60.54. 1,227,155 shares of the company were exchanged, compared to its average volume of 1,366,839. Evergy has a 1-year low of $48.04 and a 1-year high of $65.47. The stock has a 50-day moving average price of $62.34 and a 200-day moving average price of $59.74. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15. The company has a market cap of $13.92 billion, a price-to-earnings ratio of 16.36, a P/E/G ratio of 2.75 and a beta of 0.64.

Evergy (NASDAQ:EVRG - Get Free Report) last issued 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. Evergy had a net margin of 14.77% and a return on equity of 8.77%. The business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $2.35 billion. During the same quarter last year, the firm posted $1.88 EPS. The business's revenue for the quarter was up 8.5% compared to the same quarter last year.

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 paid a dividend of $0.6675 per share. The ex-dividend date was Thursday, November 21st. This is a boost from Evergy's previous quarterly dividend of $0.64. This represents a $2.67 annualized dividend and a yield of 4.41%. Evergy's dividend payout ratio (DPR) is 72.16%.

Insiders Place Their Bets

In other Evergy news, EVP Kevin E. Bryant sold 48,141 shares of Evergy stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $62.93, for a total value of $3,029,513.13. Following the completion of the transaction, the executive vice president now directly owns 1 shares in the company, valued at $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 available at this link. 0.47% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Pathway Financial Advisers LLC grew its position in shares of Evergy by 6,854.6% during the third quarter. Pathway Financial Advisers LLC now owns 2,539,001 shares of the company's stock worth $157,443,000 after acquiring an additional 2,502,493 shares during the last quarter. Mizuho Securities USA LLC increased its stake in shares of Evergy by 7,234.3% in the third quarter. Mizuho Securities USA LLC now owns 1,300,000 shares of the company's stock valued at $80,613,000 after purchasing an additional 1,282,275 shares during the period. FMR LLC raised its holdings in shares of Evergy by 131.4% during the third quarter. FMR LLC now owns 2,004,414 shares of the company's stock valued at $124,294,000 after buying an additional 1,138,138 shares during the last quarter. Millennium Management LLC boosted its position in shares of Evergy by 38.6% during the second quarter. Millennium Management LLC now owns 3,683,000 shares of the company's stock worth $195,089,000 after buying an additional 1,026,374 shares during the period. Finally, AQR Capital Management LLC grew its holdings in Evergy by 147.8% in the 2nd quarter. AQR Capital Management LLC now owns 1,193,382 shares of the company's stock worth $63,213,000 after buying an additional 711,785 shares in the last quarter. 87.24% of the stock is currently owned by institutional investors.

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.