FY2024 Earnings Estimate for Evergy Issued By Zacks Research

Evergy, Inc. (NYSE:EVRG) – Zacks Research lowered their FY2024 EPS estimates for Evergy in a note issued to investors on Wednesday, October 16th. Zacks Research analyst R. Department now anticipates that the company will post earnings per share of $3.83 for the year, down from their prior forecast 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 topic of a number of other research reports. UBS Group upgraded shares of Evergy to a “hold” rating in a research note on Wednesday, September 18th. Jefferies Financial Group initiated coverage on shares of Evergy in a research note on Thursday, September 19th. They issued a “buy” rating and a $70.00 price target for the company. Barclays lifted their price target on shares of Evergy from $61.00 to $64.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 13th. Finally, Wells Fargo & Company lifted their price target on shares of Evergy from $65.00 to $69.00 and gave the stock an “overweight” rating in a research note on Wednesday. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $61.00.

Evergy Trading Up 0.6 %

EVRG opened at $61.12 on Friday. The firm has a market capitalization of $14.05 billion, a P/E ratio of 19.78, a P/E/G ratio of 2.65 and a beta of 0.62. The firm’s 50 day moving average is $60.11 and its 200-day moving average is $56.17. 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.

Evergy (NYSE:EVRG) last posted its quarterly earnings data on Friday, August 9th. The company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.01. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.32 billion. Evergy had a net margin of 13.12% and a return on equity of 8.50%. During the same quarter last year, the firm posted $0.81 earnings per share.

Hedge Funds Weigh In On Evergy

Several hedge funds and other institutional investors have recently modified their holdings of EVRG. Wellington Management Group LLP boosted its holdings in shares of Evergy by 12.8% during the fourth quarter. Wellington Management Group LLP now owns 249,422 shares of the company’s stock valued at $13,020,000 after acquiring an additional 28,392 shares during the period. Vanguard Group Inc. lifted its holdings in Evergy by 4.8% in the fourth quarter. Vanguard Group Inc. now owns 30,757,415 shares of the company’s stock worth $1,605,537,000 after purchasing an additional 1,399,199 shares during the period. PNC Financial Services Group Inc. lifted its holdings in Evergy by 63.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 34,894 shares of the company’s stock worth $1,821,000 after purchasing an additional 13,493 shares during the period. HighPoint Advisor Group LLC acquired a new stake in Evergy in the fourth quarter worth about $420,000. Finally, Nomura Holdings Inc. acquired a new stake in Evergy in the fourth quarter worth about $1,268,000. Institutional investors and hedge funds own 87.24% of the company’s stock.

Insiders Place Their Bets

In other Evergy news, SVP Heather A. Humphrey sold 3,347 shares of Evergy stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $58.80, for a total value of $196,803.60. Following the completion of the transaction, the senior vice president now owns 35,314 shares of the company’s stock, valued at $2,076,463.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, SVP Heather A. Humphrey sold 3,347 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $58.80, for a total transaction of $196,803.60. Following the completion of the transaction, the senior vice president now owns 35,314 shares of the company’s stock, valued at approximately $2,076,463.20. The trade was a 0.00 % 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. Also, SVP Charles A. Caisley sold 9,236 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $59.63, for a total transaction of $550,742.68. Following the transaction, the senior vice president now directly owns 33,425 shares of the company’s stock, valued at approximately $1,993,132.75. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,884 shares of company stock valued at $941,810 over the last 90 days. 0.47% of the stock is owned by company insiders.

Evergy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Tuesday, August 20th were issued a $0.6425 dividend. This represents a $2.57 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date was Tuesday, August 20th. Evergy’s dividend payout ratio is presently 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.