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: $60.55 to $61.30
• 50-Day Range: $54.12 to $62.01
• 52-Week Range: $46.92 to $62.24
• Volume: 604,945 shs
• Average Volume: 2.09 million shs
• Market Capitalization: $13.97 billion
• P/E Ratio: 19.67
• Dividend Yield: 4.23%
• Price Target: $58.33
• Consensus Rating: Moderate Buy

Evergy Stock Analysis - MarketRank™

Evergy scored higher than 54% of companies evaluated by MarketBeat, and ranked 69th out of 94 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 2.57, and is based on 4 buy ratings, 3 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Evergy has only been the subject of 2 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 19.63, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 139.56.

Price to Earnings Ratio vs. Sector

The P/E ratio of Evergy is 19.63, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 93.05.

Price to Earnings Growth Ratio

Evergy has a PEG Ratio of 3.12. 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 1.44. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for EVRG.

Dividend

• Score: 4.2 / 5
• Dividend Strength: Strong

Dividend Leadership

Evergy is a leading dividend payer. It pays a dividend yield of 4.26%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Evergy has been increasing its dividend for 19 years.

Dividend Coverage

The dividend payout ratio of Evergy is 83.17%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on earnings estimates, Evergy will have a dividend payout ratio of 63.61% next year. This indicates that Evergy will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 2.2 / 5
• Environmental Score: -3.25

Short Interest

There is no current short interest data available for EVRG.

News and Social Media

• Score: 1.8 / 5
• News Sentiment: 0.24

News Sentiment

Evergy has a news sentiment score of 0.24. 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 lower news sentiment than the 0.51 average news sentiment score of Utilities companies.

News Coverage This Week

MarketBeat has tracked 59 news articles for Evergy this week, compared to 55 articles on an average week.

Search Interest

Only 7 people have searched for EVRG on MarketBeat in the last 30 days. This is a decrease of -13% compared to the previous 30 days.

MarketBeat Follows

Only 3 people have added Evergy to their MarketBeat watchlist in the last 30 days. This is a decrease of -25% 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 $941,810.00 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 stock has increased by 16.2% and is now trading at $60.67.
View the best growth stocks for 2024 here.

How were Evergy's earnings last quarter?

Evergy, Inc. (NYSE:EVRG) issued its quarterly earnings data on Friday, August, 9th. The company reported $0.90 EPS for the quarter, topping analysts' consensus estimates of $0.89 by $0.01. The business earned $1.45 billion during the quarter, compared to the consensus estimate of $1.32 billion. Evergy had a net margin of 13.12% and a trailing twelve-month return on equity of 8.50%.

Who are Evergy's major shareholders?

Top institutional shareholders of Evergy include Millennium Management LLC (1.60%), Federated Hermes Inc. (1.52%), American Century Companies Inc. (1.48%) and Bank of New York Mellon Corp (1.21%). Insiders that own company stock include Heather A Humphrey, Charles A Caisley, Kevin E Bryant, Mary L Landrieu, Ann D Murtlow, Sandra Aj Lawrence, Lesley Lissette Elwell, Charles L King, David A Campbell, C John Wilder and Kirkland B Andrews.
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.

What other stocks do shareholders of Evergy own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Evergy investors own include Johnson & Johnson (JNJ), Procter & Gamble (PG), AT&T (T), RTX (RTX), Cisco Systems (CSCO), Intel (INTC) and Verizon Communications (VZ).

Company Calendar

• Last Earnings: 8/09/2024
• Ex-Dividend for 9/20 Dividend: 8/20/2024
• Today: 9/19/2024
• Dividend Payable: 9/20/2024
• Next Earnings (Estimated): 11/05/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Utilities
• Industry: Electric & other services combined
• Sub-Industry: Utilities
• Current 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: $58.33
• High Stock Price Target: $64.00
• Low Stock Price Target: $51.00
• Potential Upside/Downside: -3.9%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.67
• Research Coverage: 7 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $3.09
• Trailing P/E Ratio: 19.63
• Forward P/E Ratio: 15.76
• P/E Growth: 3.12
• Net Income: $731.30 million
• Net Margins: 13.12%
• Pretax Margin: 13.33%
• Return on Equity: 8.50%
• Return on Assets: 2.65%

Debt

• Debt-to-Equity Ratio: 1.23
• Current Ratio: 0.59
• Quick Ratio: 0.35

Sales & Book Value

• Annual Sales: $5.64 billion
• Price / Sales: 2.48
• Cash Flow: $8.78 per share
• Price / Cash Flow: 6.91
• Book Value: $42.16 per share
• Price / Book: 1.44

Miscellaneous

• Outstanding Shares: 229,929,000
• Free Float: 228,848,000
• Market Cap: $13.95 billion
• Optionable: Optionable
• Beta: 0.62