Evergy, Inc. (NYSE:EVRG - Free Report) - Investment analysts at Zacks Research decreased their Q4 2024 earnings estimates for Evergy in a research note issued to investors on Thursday, November 28th. Zacks Research analyst R. Department now expects that the company will post earnings per share of $0.40 for the quarter, down from their prior estimate of $0.41. The consensus estimate for Evergy's current full-year earnings is $3.84 per share. Zacks Research also issued estimates for Evergy's Q1 2025 earnings at $0.65 EPS, Q2 2025 earnings at $0.94 EPS, Q4 2025 earnings at $0.44 EPS, Q1 2026 earnings at $0.70 EPS, Q2 2026 earnings at $0.99 EPS, Q3 2026 earnings at $2.05 EPS and FY2026 earnings at $4.25 EPS.
Other equities research analysts have also issued reports about the company. Barclays decreased their price target on Evergy from $67.00 to $65.00 and set an "overweight" rating on the stock in a research report on Monday, October 21st. UBS Group raised shares of Evergy to a "hold" rating in a research note on Wednesday, September 18th. Mizuho assumed coverage on shares of Evergy in a report on Tuesday, October 29th. They issued an "outperform" rating and a $67.00 price target for the company. Wells Fargo & Company lifted their target price on Evergy from $65.00 to $69.00 and gave the company an "overweight" rating in a research report on Wednesday, October 16th. Finally, Jefferies Financial Group started coverage on Evergy in a report on Thursday, September 19th. They issued a "buy" rating and a $70.00 price objective for the company. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $61.88.
View Our Latest Stock Analysis on EVRG
Evergy Stock Performance
Shares of NYSE EVRG traded down $0.88 during mid-day trading on Monday, hitting $63.75. The company had a trading volume of 621,854 shares, compared to its average volume of 2,044,873. Evergy has a 12 month low of $48.04 and a 12 month high of $65.47. The firm has a market cap of $14.66 billion, a P/E ratio of 17.47, a PEG ratio of 2.88 and a beta of 0.62. The business's 50-day simple moving average is $61.82 and its 200-day simple moving average is $58.23. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.55 and a quick ratio of 0.32.
Evergy (NYSE:EVRG - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The company reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $2.35 billion. During the same quarter in the previous year, the business earned $1.88 EPS. Evergy's quarterly revenue was up 8.5% compared to the same quarter last year.
Evergy Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Thursday, November 21st will be paid a $0.6675 dividend. This is an increase from Evergy's previous quarterly dividend of $0.64. The ex-dividend date is Thursday, November 21st. This represents a $2.67 annualized dividend and a dividend yield of 4.19%. Evergy's dividend payout ratio (DPR) is presently 72.16%.
Insiders Place Their Bets
In other Evergy news, EVP Kevin E. Bryant sold 48,141 shares of the company's stock in a transaction on Wednesday, November 13th. The shares were 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 approximately $62.93. This represents a 100.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Charles A. Caisley sold 9,236 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $59.63, for a total transaction of $550,742.68. Following the completion of the transaction, the senior vice president now owns 33,425 shares of the company's stock, valued at approximately $1,993,132.75. The trade was a 21.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.47% of the company's stock.
Institutional Trading of Evergy
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Franklin Resources Inc. lifted its holdings in shares of Evergy by 5.5% in the 3rd quarter. Franklin Resources Inc. now owns 5,532,719 shares of the company's stock worth $330,469,000 after acquiring an additional 288,619 shares during the last quarter. Millennium Management LLC raised its stake in Evergy by 38.6% in the 2nd quarter. Millennium Management LLC now owns 3,683,000 shares of the company's stock worth $195,089,000 after acquiring an additional 1,026,374 shares during the last quarter. Federated Hermes Inc. boosted its position in Evergy by 18.8% in the second quarter. Federated Hermes Inc. now owns 3,490,674 shares of the company's stock valued at $184,901,000 after buying an additional 552,455 shares during the last quarter. Point72 Asset Management L.P. increased its stake in shares of Evergy by 25.8% in the third quarter. Point72 Asset Management L.P. now owns 2,848,735 shares of the company's stock worth $176,650,000 after acquiring an additional 583,923 shares during the period. Finally, Pathway Financial Advisers LLC raised its stake in shares of Evergy by 6,854.6% during the 3rd quarter. Pathway Financial Advisers LLC now owns 2,539,001 shares of the company's stock valued at $157,443,000 after buying an additional 2,502,493 shares during the last quarter. 87.24% of the stock is owned by hedge funds and other institutional investors.
About Evergy
(
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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.
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