Zacks Research Has Positive Estimate for Evergy Q3 Earnings

Evergy Inc. (NASDAQ:EVRG) – Investment analysts at Zacks Research upped their Q3 2027 earnings estimates for Evergy in a research report issued to clients and investors on Thursday, August 27th. Zacks Research analyst Team now forecasts that the company will earn $2.25 per share for the quarter, up from their previous forecast of $2.24. The consensus estimate for Evergy’s current full-year earnings is $4.25 per share. Zacks Research also issued estimates for Evergy’s Q4 2027 earnings at $0.65 EPS, FY2027 earnings at $4.54 EPS and Q2 2028 earnings at $1.01 EPS.

Evergy (NASDAQ:EVRG) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.07. Evergy had a net margin of 15.19% and a return on equity of 9.20%. The firm had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the previous year, the firm posted $0.82 earnings per share.

A number of other analysts have also commented on the company. UBS Group boosted their target price on Evergy from $88.00 to $91.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. BTIG Research set a $97.00 price target on Evergy in a report on Thursday, July 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Evergy in a research note on Friday, August 7th. Barclays raised their price objective on Evergy from $89.00 to $94.00 and gave the company an “overweight” rating in a research note on Tuesday, June 30th. Finally, Citigroup upped their target price on Evergy from $95.00 to $97.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $90.60.

Evergy Price Performance

EVRG stock opened at $81.42 on Friday. The stock has a market capitalization of $18.77 billion, a PE ratio of 20.66, a price-to-earnings-growth ratio of 2.13 and a beta of 0.54. The company’s 50-day moving average is $84.64 and its 200-day moving average is $82.99. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.36 and a quick ratio of 0.21. Evergy has a 1 year low of $70.42 and a 1 year high of $88.62.

Hedge Funds Weigh In On Evergy

A number of hedge funds have recently bought and sold shares of EVRG. California State Teachers Retirement System grew its stake in shares of Evergy by 8,326.1% in the 2nd quarter. California State Teachers Retirement System now owns 23,101,615 shares of the company’s stock worth $1,996,673,000 after acquiring an additional 22,827,447 shares in the last quarter. Magellan Asset Management Ltd bought a new position in shares of Evergy during the second quarter valued at about $187,857,000. Legal & General Group Plc bought a new position in shares of Evergy during the second quarter valued at about $138,233,000. Energy Income Partners LLC purchased a new position in Evergy during the second quarter worth about $110,394,000. Finally, Adage Capital Partners GP L.L.C. boosted its holdings in Evergy by 476.6% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 1,207,882 shares of the company’s stock worth $87,559,000 after purchasing an additional 998,400 shares during the last quarter. 87.24% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Sandra Aj Lawrence sold 600 shares of the company’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $81.41, for a total transaction of $48,846.00. Following the completion of the sale, the director owned 680 shares in the company, valued at approximately $55,358.80. This represents a 46.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Charles A. Caisley sold 10,787 shares of the stock in a transaction on Monday, June 15th. The shares were sold at an average price of $83.46, for a total value of $900,283.02. Following the completion of the sale, the executive vice president directly owned 37,789 shares of the company’s stock, valued at $3,153,869.94. The trade was a 22.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 11,587 shares of company stock worth $965,655 in the last 90 days. Corporate insiders own 1.52% of the company’s stock.

Evergy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Tuesday, August 18th will be issued a $0.695 dividend. This represents a $2.78 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Tuesday, August 18th. Evergy’s dividend payout ratio (DPR) is currently 70.56%.

About Evergy

Evergy, Inc is a regulated electric utility that generates, transmits and distributes electricity to residential, commercial and industrial customers primarily across Kansas and western Missouri. The company provides core utility services including retail electric delivery, grid operations, customer service and outage restoration, operating under state regulatory frameworks. Evergy serves a mix of urban and rural communities, including portions of the Kansas City metropolitan area and other population centers in its service territory.

The company’s business activities span power generation, system planning, transmission and distribution infrastructure, and customer-facing programs such as energy efficiency and demand-side management.