FY2024 EPS Estimates for Evergy Lowered by Zacks Research

Evergy, Inc. (NYSE:EVRG) – Equities research analysts at Zacks Research dropped their FY2024 earnings per share (EPS) estimates for shares of Evergy in a research report issued on Wednesday, October 16th. Zacks Research analyst R. Department now expects that the company will earn $3.83 per share for the year, down from their prior estimate of $3.85. The consensus estimate for Evergy’s current full-year earnings is $3.84 per share. Zacks Research also issued estimates for Evergy’s Q3 2025 earnings at $2.01 EPS.

A number of other equities research analysts also recently weighed in on EVRG. Jefferies Financial Group began coverage on Evergy in a research note on Thursday, September 19th. They issued a “buy” rating and a $70.00 target price on the stock. Wells Fargo & Company lifted 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. UBS Group raised shares of Evergy to a “hold” rating in a research report on Wednesday, September 18th. Finally, Barclays raised their target price on shares of Evergy from $61.00 to $64.00 and gave the company an “overweight” rating in a research note on Tuesday, August 13th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Evergy currently has an average rating of “Moderate Buy” and a consensus price target of $61.00.

Evergy Stock Up 0.6 %

Shares of NYSE EVRG opened at $61.12 on Friday. The stock has a market capitalization of $14.05 billion, a PE ratio of 19.78, a price-to-earnings-growth ratio of 2.65 and a beta of 0.62. The company has a current ratio of 0.59, a quick ratio of 0.35 and a debt-to-equity ratio of 1.23. Evergy has a 12-month low of $47.46 and a 12-month high of $62.58. The stock’s fifty day simple moving average is $60.11 and its two-hundred day simple moving average is $56.14.

Evergy (NYSE:EVRG) last posted its earnings results on Friday, August 9th. The company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.01. Evergy had a net margin of 13.12% and a return on equity of 8.50%. The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter last year, the firm posted $0.81 EPS.

Evergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Tuesday, August 20th were paid a dividend of $0.6425 per share. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $2.57 annualized dividend and a dividend yield of 4.20%. Evergy’s payout ratio is currently 83.17%.

Insider Activity at Evergy

In other news, SVP Charles A. Caisley sold 9,236 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $59.63, for a total value of $550,742.68. Following the completion of the transaction, the senior vice president now directly owns 33,425 shares in the company, valued at $1,993,132.75. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Evergy news, Director Ann D. Murtlow sold 3,301 shares of the company’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $58.85, for a total value of $194,263.85. Following the sale, the director now directly owns 2,847 shares of the company’s stock, valued at approximately $167,545.95. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 value of $550,742.68. Following the sale, the senior vice president now directly owns 33,425 shares in the company, valued at $1,993,132.75. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,884 shares of company stock valued at $941,810 in the last ninety days. Company insiders own 0.47% of the company’s stock.

Institutional Trading of Evergy

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Manning & Napier Advisors LLC acquired a new stake in shares of Evergy during the 2nd quarter worth approximately $112,464,000. Wedge Capital Management L L P NC grew its position in Evergy by 8.0% during the second quarter. Wedge Capital Management L L P NC now owns 260,331 shares of the company’s stock valued at $13,790,000 after buying an additional 19,193 shares during the period. State Board of Administration of Florida Retirement System increased its holdings in Evergy by 11.2% in the first quarter. State Board of Administration of Florida Retirement System now owns 316,455 shares of the company’s stock valued at $16,892,000 after buying an additional 31,985 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Evergy by 4.8% in the fourth quarter. Vanguard Group Inc. now owns 30,757,415 shares of the company’s stock worth $1,605,537,000 after acquiring an additional 1,399,199 shares during the period. Finally, Jennison Associates LLC purchased a new stake in shares of Evergy during the 1st quarter worth about $37,526,000. 87.24% of the stock is owned by institutional investors and hedge funds.

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.