FY2025 EPS Estimates for Evergy Reduced by Seaport Res Ptn

Evergy, Inc. (NASDAQ:EVRG) – Stock analysts at Seaport Res Ptn decreased their FY2025 earnings estimates for shares of Evergy in a research report issued to clients and investors on Monday, January 6th. Seaport Res Ptn analyst A. Storozynski now expects that the company will post earnings per share of $4.02 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.

Evergy (NASDAQ:EVRG) last announced its earnings results on Thursday, November 7th. The company reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.95 by $0.07. Evergy had a return on equity of 8.77% and a net margin of 14.77%. The company had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $2.35 billion. During the same period last year, the firm earned $1.88 earnings per share. The company’s revenue was up 8.5% on a year-over-year basis.

Several other equities analysts have also recently commented on the company. Barclays reduced their target price on Evergy from $67.00 to $65.00 and set an “overweight” rating for the company in a research note on Monday, October 21st. Jefferies Financial Group initiated coverage on shares of Evergy in a report on Thursday, September 19th. They set a “buy” rating and a $70.00 price objective for the company. UBS Group upgraded shares of Evergy to a “hold” rating in a research note on Wednesday, September 18th. Wells Fargo & Company lifted their price target on Evergy from $65.00 to $69.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Finally, Mizuho assumed coverage on Evergy in a research note on Tuesday, October 29th. They set an “outperform” rating and a $67.00 price objective on the stock. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $64.06.

Evergy Price Performance

Shares of NASDAQ EVRG opened at $60.54 on Tuesday. The company has a quick ratio of 0.32, a current ratio of 0.55 and a debt-to-equity ratio of 1.15. Evergy has a fifty-two week low of $48.04 and a fifty-two week high of $65.47. The business has a 50 day moving average price of $62.35 and a two-hundred day moving average price of $59.79. The firm has a market cap of $13.92 billion, a PE ratio of 16.36, a price-to-earnings-growth ratio of 2.75 and a beta of 0.64.

Institutional Trading of Evergy

Several hedge funds have recently bought and sold shares of EVRG. Fairscale Capital LLC acquired a new stake in shares of Evergy in the second quarter valued at approximately $27,000. Truvestments Capital LLC bought a new position in Evergy in the 3rd quarter worth approximately $32,000. Hexagon Capital Partners LLC increased its position in Evergy by 47.1% in the 3rd quarter. Hexagon Capital Partners LLC now owns 531 shares of the company’s stock valued at $33,000 after acquiring an additional 170 shares during the period. Sentry Investment Management LLC acquired a new stake in Evergy in the 3rd quarter valued at approximately $51,000. Finally, Benjamin Edwards Inc. raised its stake in Evergy by 47.8% during the 2nd quarter. Benjamin Edwards Inc. now owns 856 shares of the company’s stock valued at $45,000 after acquiring an additional 277 shares in the last quarter. 87.24% of the stock is currently owned by institutional investors.

Insider Transactions at Evergy

In other news, EVP Kevin E. Bryant sold 48,141 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $62.93, for a total transaction of $3,029,513.13. Following the completion of the transaction, the executive vice president now owns 1 shares of the company’s stock, valued at approximately $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 can be accessed through the SEC website. Insiders own 0.47% of the company’s stock.

Evergy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Thursday, November 21st were given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.41%. This is a boost from Evergy’s previous quarterly dividend of $0.64. The ex-dividend date was Thursday, November 21st. Evergy’s dividend payout ratio is presently 72.16%.

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.