FY2027 EPS Estimates for Evergy Decreased by Seaport Res Ptn

Evergy, Inc. (NASDAQ:EVRG) – Investment analysts at Seaport Res Ptn decreased their FY2027 EPS estimates for shares of Evergy in a report issued on Monday, January 6th. Seaport Res Ptn analyst A. Storozynski now anticipates that the company will earn $4.43 per share for the year, down from their previous forecast of $4.50. The consensus estimate for Evergy’s current full-year earnings is $3.84 per share. Seaport Res Ptn also issued estimates for Evergy’s FY2028 earnings at $4.65 EPS.

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

Other analysts have also recently issued research reports about the company. UBS Group upgraded Evergy to a “hold” rating in a report on Wednesday, September 18th. Jefferies Financial Group started coverage on shares of Evergy in a research note on Thursday, September 19th. They set a “buy” rating and a $70.00 price objective for the company. LADENBURG THALM/SH SH upgraded shares of Evergy from a “neutral” rating to a “buy” rating and lifted their target price for the company from $59.00 to $68.50 in a report on Thursday, January 2nd. Mizuho started coverage on Evergy in a report on Tuesday, October 29th. They issued an “outperform” rating and a $67.00 price target for the company. Finally, Barclays reduced their price objective on Evergy from $67.00 to $65.00 and set an “overweight” rating on the stock in a research note on Monday, October 21st. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Evergy currently has an average rating of “Moderate Buy” and a consensus target price of $64.06.

Evergy Price Performance

EVRG stock opened at $60.91 on Wednesday. The company has a market cap of $14.01 billion, a PE ratio of 16.46, a price-to-earnings-growth ratio of 2.75 and a beta of 0.64. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15. The stock has a 50-day moving average price of $62.37 and a two-hundred day moving average price of $59.80. Evergy has a 12-month low of $48.04 and a 12-month high of $65.47.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in EVRG. Sunbelt Securities Inc. raised its stake in shares of Evergy by 2.2% in the 3rd quarter. Sunbelt Securities Inc. now owns 7,778 shares of the company’s stock valued at $482,000 after purchasing an additional 168 shares in the last quarter. Hexagon Capital Partners LLC raised its stake in Evergy by 47.1% during the third quarter. Hexagon Capital Partners LLC now owns 531 shares of the company’s stock valued at $33,000 after buying an additional 170 shares in the last quarter. Empirical Finance LLC lifted its holdings in Evergy by 2.3% during the 3rd quarter. Empirical Finance LLC now owns 7,751 shares of the company’s stock worth $481,000 after buying an additional 171 shares during the last quarter. DekaBank Deutsche Girozentrale grew its position in shares of Evergy by 1.2% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 18,563 shares of the company’s stock worth $1,138,000 after acquiring an additional 212 shares in the last quarter. Finally, World Investment Advisors LLC increased its holdings in shares of Evergy by 3.9% in the 3rd quarter. World Investment Advisors LLC now owns 5,715 shares of the company’s stock valued at $354,000 after acquiring an additional 212 shares during 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 firm’s stock in a transaction that occurred 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 sale, the executive vice president now owns 1 shares of the company’s stock, valued at approximately $62.93. This trade represents a 100.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.47% of the company’s stock.

Evergy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Thursday, November 21st were paid a dividend of $0.6675 per share. The ex-dividend date was Thursday, November 21st. This is an increase from Evergy’s previous quarterly dividend of $0.64. This represents a $2.67 annualized dividend and a dividend yield of 4.38%. Evergy’s dividend payout ratio (DPR) is currently 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.