FY2027 EPS Estimates for Evergy Cut by Seaport Res Ptn

Evergy, Inc. (NASDAQ:EVRG) – Equities researchers at Seaport Res Ptn reduced their FY2027 earnings per share estimates for shares of Evergy in a note issued to investors on Monday, January 6th. Seaport Res Ptn analyst A. Storozynski now anticipates that the company will earn $4.43 per share for the year, down from their prior forecast of $4.50. The consensus estimate for Evergy’s current full-year earnings is $3.84 per share. Seaport Res Ptn also issued estimates for Evergy’s FY2028 earnings at $4.65 EPS.

Several other research firms have also commented on EVRG. Wells Fargo & Company increased their price target on shares of Evergy from $65.00 to $69.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Jefferies Financial Group initiated coverage on Evergy in a report on Thursday, September 19th. They set a “buy” rating and a $70.00 target price on the stock. Barclays cut their price target on Evergy from $67.00 to $65.00 and set an “overweight” rating for the company in a report on Monday, October 21st. LADENBURG THALM/SH SH raised Evergy from a “neutral” rating to a “buy” rating and increased their price objective for the company from $59.00 to $68.50 in a research note on Thursday, January 2nd. Finally, UBS Group upgraded Evergy to a “hold” rating in a research report on Wednesday, September 18th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $64.06.

Evergy Stock Performance

NASDAQ:EVRG opened at $60.91 on Wednesday. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15. The company has a market capitalization of $14.01 billion, a P/E ratio of 16.46, a price-to-earnings-growth ratio of 2.75 and a beta of 0.64. The firm has a 50-day moving average price of $62.38 and a two-hundred day moving average price of $59.81. Evergy has a twelve month low of $48.04 and a twelve month high of $65.47.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Fairscale Capital LLC purchased a new stake in shares of Evergy in the second quarter worth about $27,000. Truvestments Capital LLC purchased a new position in Evergy in the 3rd quarter worth approximately $32,000. Hexagon Capital Partners LLC boosted its holdings in Evergy by 47.1% in the 3rd quarter. Hexagon Capital Partners LLC now owns 531 shares of the company’s stock worth $33,000 after acquiring an additional 170 shares during the period. Benjamin Edwards Inc. grew its position in Evergy by 47.8% in the second quarter. Benjamin Edwards Inc. now owns 856 shares of the company’s stock valued at $45,000 after acquiring an additional 277 shares in the last quarter. Finally, Sentry Investment Management LLC purchased a new stake in shares of Evergy during the third quarter valued at approximately $51,000. 87.24% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Evergy

In other news, EVP Kevin E. Bryant sold 48,141 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $62.93, for a total transaction of $3,029,513.13. Following the completion of the sale, the executive vice president now directly owns 1 shares in the company, valued at $62.93. This represents a 100.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.47% of the stock is owned by company insiders.

Evergy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Thursday, November 21st were paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.38%. This is a positive change from Evergy’s previous quarterly dividend of $0.64. The ex-dividend date was Thursday, November 21st. Evergy’s dividend payout ratio (DPR) is presently 72.16%.

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.