Evergy (EVRG) Stock Price, News & Analysis

Company Overview

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. The company was incorporated in 2017 and is headquartered in Kansas City, Missouri.

Key Stats

• Today's Range: $60.69 to $61.43
• 50-Day Range: $59.58 to $65.00
• 52-Week Range: $48.04 to $65.47
• Volume: 268,049 shs
• Average Volume: 2.05 million shs
• Market Capitalization: $14.04 billion
• P/E Ratio: 16.49
• Dividend Yield: 4.37%
• Price Target: $61.88
• Consensus Rating: Moderate Buy

Evergy Stock Analysis - MarketRank™

Evergy scored higher than 61% of companies evaluated by MarketBeat, and ranked 62nd out of 91 stocks in the utilities sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Evergy has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 6 buy ratings, 3 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Evergy has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 4.94%

Earnings Growth

Earnings for Evergy are expected to grow by 4.94% in the coming year, from $3.85 to $4.04 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Evergy is 16.48, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 112.74.

Price to Earnings Ratio vs. Sector

The P/E ratio of Evergy is 16.48, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 95.41.

Price to Earnings Growth Ratio

Evergy has a PEG Ratio of 2.77. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Evergy has a P/B Ratio of 1.45. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

3.66% of the float of Evergy has been sold short.

Short Interest Ratio / Days to Cover

Evergy has a short interest ratio ("days to cover") of 4.6.

Change versus previous month

Short interest in Evergy has recently increased by 15.78%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 5.0 / 5
• Dividend Strength: Strong

Dividend Leadership

Evergy is a leading dividend payer. It pays a dividend yield of 4.41%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Evergy has been increasing its dividend for 20 years.

Dividend Coverage

The dividend payout ratio of Evergy is 72.16%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Evergy will have a dividend payout ratio of 66.09% next year. This indicates that Evergy will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

3.66% of the float of Evergy has been sold short.

Short Interest Ratio / Days to Cover

Evergy has a short interest ratio ("days to cover") of 4.6.

Change versus previous month

Short interest in Evergy has recently increased by 15.78%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.1 / 5
• News Sentiment: 1.56

News Sentiment

Evergy has a news sentiment score of 1.56. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.62 average news sentiment score of Utilities companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Evergy this week, compared to 63 articles on an average week.

Search Interest

Only 10 people have searched for EVRG on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

MarketBeat Follows

7 people have added Evergy to their MarketBeat watchlist in the last 30 days. This is an increase of 133% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Evergy insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $3,029,513.00 in company stock.

Percentage Held by Insiders

Only 0.47% of the stock of Evergy is held by insiders.

Percentage Held by Institutions

87.24% of the stock of Evergy is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

EVRG Stock Analysis - Frequently Asked Questions

How have EVRG shares performed this year?

Evergy's stock was trading at $52.20 on January 1st, 2024. Since then, EVRG shares have increased by 16.8% and is now trading at $60.96.
View the best growth stocks for 2024 here.

How were Evergy's earnings last quarter?

Evergy, Inc. (NASDAQ:EVRG) released its earnings results on Thursday, November, 7th. The company reported $2.02 EPS for the quarter, topping analysts' consensus estimates of $1.95 by $0.07. Evergy's revenue was up 8.5% on a year-over-year basis.

Who are Evergy's major shareholders?

Top institutional investors of Evergy include State Street Corp (7.16%), Franklin Resources Inc. (2.41%), Geode Capital Management LLC (2.39%) and Zimmer Partners LP (1.81%). Insiders that own company stock include Heather A Humphrey, Charles A Caisley, Mary L Landrieu, Ann D Murtlow, Sandra Aj Lawrence, Lesley Lissette Elwell, Kevin E Bryant and Charles L King.
View institutional ownership trends.

How do I buy shares of Evergy?

Shares of EVRG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Company Calendar

• Last Earnings: 11/07/2024
• Ex-Dividend for 12/20 Dividend: 11/21/2024
• Dividend Payable: 12/20/2024
• Today: 12/23/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Utilities
• Industry: Electric & other services combined
• Sub-Industry: Utilities
• Current Symbol: NASDAQ:EVRG
• Previous Symbol: NYSE:EVRG
• CUSIP: N/A
• CIK: 54507
• Web: www.evergyinc.com
• Phone: (816) 556-2200
• Fax: 785-575-1796
• Employees: 4,658
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $61.88
• High Stock Price Target: $70.00
• Low Stock Price Target: $51.00
• Potential Upside/Downside: +1.3%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.67
• Research Coverage: 9 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $3.70
• Trailing P/E Ratio: 16.51
• Forward P/E Ratio: 15.86
• P/E Growth: 2.77
• Net Income: $731.30 million
• Net Margins: 14.77%
• Pretax Margin: 15.16%
• Return on Equity: 8.77%
• Return on Assets: 2.72%

Debt

• Debt-to-Equity Ratio: 1.15
• Current Ratio: 0.55
• Quick Ratio: 0.32

Sales & Book Value

• Annual Sales: $5.78 billion
• Price / Sales: 2.43
• Cash Flow: $8.53 per share
• Price / Cash Flow: 7.16
• Book Value: $42.16 per share
• Price / Book: 1.45

Miscellaneous

• Outstanding Shares: 229,976,000
• Free Float: 228,895,000
• Market Cap: $14.05 billion
• Optionable: Optionable
• Beta: 0.64