Seaport Res Ptn Brokers Reduce Earnings Estimates for Evergy

Evergy, Inc. (NASDAQ:EVRG) – Stock analysts at Seaport Res Ptn cut their FY2025 earnings estimates for Evergy in a research note issued to investors on Monday, January 6th. Seaport Res Ptn analyst A. Storozynski now anticipates that the company will post earnings of $4.02 per share for the year, down from their prior estimate 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.

Several other analysts have also commented on the stock. Barclays lowered their price target on shares of Evergy from $67.00 to $65.00 and set an “overweight” rating on the stock in a research report on Monday, October 21st. Jefferies Financial Group started coverage on Evergy in a research report on Thursday, September 19th. They set a “buy” rating and a $70.00 price target for the company. Mizuho initiated coverage on Evergy in a research report on Tuesday, October 29th. They issued an “outperform” rating and a $67.00 price objective on the stock. UBS Group upgraded Evergy to a “hold” rating in a research report on Wednesday, September 18th. Finally, LADENBURG THALM/SH SH upgraded shares of Evergy from a “neutral” rating to a “buy” rating and upped their target price for the company from $59.00 to $68.50 in a report on Thursday, January 2nd. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $64.06.

Evergy Stock Performance

NASDAQ:EVRG opened at $60.54 on Tuesday. 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 $13.92 billion, a P/E ratio of 16.36, 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 $62.35 and a two-hundred day moving average price of $59.79. Evergy has a twelve month low of $48.04 and a twelve month high of $65.47.

Evergy (NASDAQ:EVRG) last announced its quarterly earnings results on Thursday, November 7th. The company reported $2.02 EPS for the quarter, topping the consensus estimate of $1.95 by $0.07. The business 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%. The company’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.88 EPS.

Evergy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Thursday, November 21st were given a $0.6675 dividend. The ex-dividend date was Thursday, November 21st. 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 4.41%. Evergy’s dividend payout ratio (DPR) is currently 72.16%.

Insider Activity at Evergy

In related news, EVP Kevin E. Bryant sold 48,141 shares of the stock in a transaction on 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 directly owns 1 shares of the company’s stock, valued at approximately $62.93. This trade represents a 100.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.47% of the stock is owned by insiders.

Hedge Funds Weigh In On Evergy

A number of large investors have recently modified their holdings of the company. Pensionfund Sabic grew its holdings in shares of Evergy by 26.3% during the 4th quarter. Pensionfund Sabic now owns 24,000 shares of the company’s stock worth $1,477,000 after purchasing an additional 5,000 shares during the period. Everence Capital Management Inc. purchased a new stake in Evergy during the fourth quarter worth approximately $229,000. GAMMA Investing LLC increased its position in shares of Evergy by 14.4% in the fourth quarter. GAMMA Investing LLC now owns 11,794 shares of the company’s stock worth $726,000 after acquiring an additional 1,481 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Evergy by 24.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,675,453 shares of the company’s stock valued at $103,895,000 after acquiring an additional 330,464 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in shares of Evergy by 7.2% during the 3rd quarter. Principal Financial Group Inc. now owns 278,197 shares of the company’s stock valued at $17,251,000 after acquiring an additional 18,595 shares in the last quarter. 87.24% of the stock is currently owned by hedge funds and other institutional investors.

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.