Evergy Inc. (NASDAQ:EVRG) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Evergy Inc. (NASDAQ:EVRG) have received an average recommendation of “Moderate Buy” from the eleven brokerages that are presently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $89.60.

Several research analysts recently weighed in on EVRG shares. Citigroup increased their price objective on Evergy from $89.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Mizuho set a $82.00 price objective on Evergy in a research report on Monday, February 23rd. Wall Street Zen upgraded Evergy from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. Weiss Ratings upgraded Evergy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 11th. Finally, UBS Group increased their price objective on Evergy from $88.00 to $91.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th.

Evergy Price Performance

EVRG stock opened at $82.83 on Thursday. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.45 and a quick ratio of 0.24. The business has a 50 day simple moving average of $82.33 and a 200-day simple moving average of $79.13. The firm has a market capitalization of $19.09 billion, a PE ratio of 21.97, a price-to-earnings-growth ratio of 2.13 and a beta of 0.54. Evergy has a 1 year low of $66.19 and a 1 year high of $85.27.

Evergy (NASDAQ:EVRG) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.06. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.27 billion. Evergy had a return on equity of 9.09% and a net margin of 14.63%.The business’s revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.54 earnings per share. Evergy has set its FY 2026 guidance at 4.140-4.340 EPS. Equities research analysts anticipate that Evergy will post 4.25 earnings per share for the current fiscal year.

Evergy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Friday, May 22nd will be given a $0.695 dividend. This represents a $2.78 annualized dividend and a yield of 3.4%. The ex-dividend date is Friday, May 22nd. Evergy’s dividend payout ratio is presently 73.74%.

Insiders Place Their Bets

In related news, Director Sandra Aj Lawrence sold 761 shares of the stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $83.31, for a total value of $63,398.91. Following the completion of the transaction, the director directly owned 1,680 shares in the company, valued at approximately $139,960.80. This represents a 31.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold 1,961 shares of company stock valued at $161,587 in the last ninety days. Corporate insiders own 1.52% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its stake in Evergy by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 6,447,150 shares of the company’s stock worth $465,684,000 after purchasing an additional 105,842 shares in the last quarter. Franklin Resources Inc. lifted its stake in Evergy by 0.6% during the fourth quarter. Franklin Resources Inc. now owns 6,091,518 shares of the company’s stock worth $441,574,000 after purchasing an additional 33,457 shares in the last quarter. Federated Hermes Inc. raised its stake in shares of Evergy by 1.6% in the fourth quarter. Federated Hermes Inc. now owns 3,760,548 shares of the company’s stock valued at $272,602,000 after acquiring an additional 57,814 shares in the last quarter. Northern Trust Corp raised its stake in shares of Evergy by 10.6% in the third quarter. Northern Trust Corp now owns 2,760,494 shares of the company’s stock valued at $209,853,000 after acquiring an additional 263,619 shares in the last quarter. Finally, Magellan Asset Management Ltd raised its stake in shares of Evergy by 3.4% in the third quarter. Magellan Asset Management Ltd now owns 2,444,381 shares of the company’s stock valued at $185,822,000 after acquiring an additional 79,888 shares in the last quarter. 87.24% of the stock is currently owned by institutional investors and hedge funds.

Evergy Company Profile

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.