FY2024 Earnings Forecast for Evergy Issued By Zacks Research

Evergy, Inc. (NYSE:EVRG) – Stock analysts at Zacks Research dropped their FY2024 earnings per share (EPS) estimates for Evergy in a research report issued on Wednesday, October 16th. Zacks Research analyst R. Department now expects that the company will post earnings of $3.83 per share for the year, down from their previous 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.

EVRG has been the subject of a number of other reports. Barclays upped their price objective on Evergy from $61.00 to $64.00 and gave the stock an “overweight” rating in a report on Tuesday, August 13th. Jefferies Financial Group started coverage on shares of Evergy in a research report on Thursday, September 19th. They set a “buy” rating and a $70.00 price target on the stock. Wells Fargo & Company increased their target price on shares of Evergy from $65.00 to $69.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, UBS Group raised shares of Evergy to a “hold” rating in a research note on Wednesday, September 18th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Evergy currently has a consensus rating of “Moderate Buy” and a consensus price target of $61.00.

Evergy Stock Down 0.6 %

EVRG opened at $60.78 on Friday. The business’s fifty day simple moving average is $60.06 and its 200 day simple moving average is $56.09. Evergy has a 52 week low of $47.46 and a 52 week high of $62.58. The company has a quick ratio of 0.35, a current ratio of 0.59 and a debt-to-equity ratio of 1.23. The stock has a market cap of $13.98 billion, a PE ratio of 19.67, a P/E/G ratio of 2.65 and a beta of 0.62.

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Manning & Napier Advisors LLC purchased a new position in shares of Evergy during the second quarter valued at about $112,464,000. Wedge Capital Management L L P NC grew its stake in Evergy by 8.0% in the second quarter. Wedge Capital Management L L P NC now owns 260,331 shares of the company’s stock worth $13,790,000 after purchasing an additional 19,193 shares during the period. State Board of Administration of Florida Retirement System raised 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 worth $16,892,000 after purchasing an additional 31,985 shares in the last quarter. Vanguard Group Inc. lifted its position in Evergy by 4.8% during the fourth quarter. Vanguard Group Inc. now owns 30,757,415 shares of the company’s stock valued at $1,605,537,000 after buying an additional 1,399,199 shares during the period. Finally, Jennison Associates LLC bought a new stake in shares of Evergy during the 1st quarter valued at $37,526,000. 87.24% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Evergy

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

Evergy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Tuesday, August 20th were issued a dividend of $0.6425 per share. The ex-dividend date was Tuesday, August 20th. This represents a $2.57 dividend on an annualized basis and a yield of 4.23%. Evergy’s dividend payout ratio is currently 83.17%.

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.