Seaport Res Ptn Has Weak Forecast for Evergy FY2025 Earnings

Evergy, Inc. (NASDAQ:EVRG) – Equities researchers at Seaport Res Ptn reduced their FY2025 EPS estimates for Evergy in a research report issued on Monday, January 6th. Seaport Res Ptn analyst A. Storozynski now forecasts that the company will earn $4.02 per share for the year, down from their previous forecast of $4.05. The consensus estimate for Evergy’s current full-year earnings is $3.84 per share. Seaport Res Ptn also issued estimates for Evergy’s FY2026 earnings at $4.24 EPS.

Other analysts also recently issued research reports about the company. LADENBURG THALM/SH SH upgraded Evergy from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $59.00 to $68.50 in a report on Thursday, January 2nd. UBS Group upgraded shares of Evergy to a “hold” rating in a report on Wednesday, September 18th. Wells Fargo & Company raised their price objective on shares of Evergy from $65.00 to $69.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Jefferies Financial Group began coverage on shares of Evergy in a research report on Thursday, September 19th. They set a “buy” rating and a $70.00 price objective on the stock. Finally, Barclays reduced their target price on Evergy from $67.00 to $65.00 and set an “overweight” rating for the company in a report on Monday, October 21st. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $64.06.

Evergy Trading Up 0.6 %

Shares of NASDAQ EVRG opened at $60.91 on Tuesday. The company has a quick ratio of 0.32, a current ratio of 0.55 and a debt-to-equity ratio of 1.15. Evergy has a 12 month low of $48.04 and a 12 month high of $65.47. The company has a market cap of $14.01 billion, a price-to-earnings ratio of 16.46, a P/E/G ratio of 2.75 and a beta of 0.64. The business has a fifty day simple moving average of $62.37 and a 200-day simple moving average of $59.80.

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

Institutional Investors Weigh In On Evergy

Institutional investors have recently made changes to their positions in the company. TD Asset Management Inc lifted its stake in Evergy by 3.4% in the second quarter. TD Asset Management Inc now owns 83,909 shares of the company’s stock valued at $4,445,000 after acquiring an additional 2,770 shares during the last quarter. Victory Capital Management Inc. increased its position in Evergy by 49.2% during the second quarter. Victory Capital Management Inc. now owns 1,178,289 shares of the company’s stock worth $62,414,000 after buying an additional 388,625 shares during the last quarter. Savant Capital LLC raised its holdings in Evergy by 249.7% during the second quarter. Savant Capital LLC now owns 59,604 shares of the company’s stock valued at $3,157,000 after buying an additional 42,561 shares in the last quarter. MainStreet Investment Advisors LLC lifted its position in shares of Evergy by 26.4% in the second quarter. MainStreet Investment Advisors LLC now owns 5,718 shares of the company’s stock worth $303,000 after buying an additional 1,195 shares during the last quarter. Finally, Caprock Group LLC lifted its position in shares of Evergy by 16.6% in the second quarter. Caprock Group LLC now owns 11,122 shares of the company’s stock worth $589,000 after buying an additional 1,580 shares during the last quarter. 87.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Evergy

In other Evergy news, EVP Kevin E. Bryant sold 48,141 shares of the business’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $62.93, for a total value of $3,029,513.13. Following the transaction, the executive vice president now owns 1 shares in the company, valued at $62.93. The trade was a 100.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.47% of the stock is currently owned by company insiders.

Evergy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Thursday, November 21st were issued a dividend of $0.6675 per share. This is a boost from Evergy’s previous quarterly dividend of $0.64. This represents a $2.67 annualized dividend and a dividend yield of 4.38%. The ex-dividend date of this dividend was Thursday, November 21st. Evergy’s payout ratio is currently 72.16%.

Evergy Company Profile

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.