Seaport Res Ptn Brokers Cut Earnings Estimates for Evergy

Evergy, Inc. (NASDAQ:EVRG) – Research analysts at Seaport Res Ptn cut their FY2027 earnings per share (EPS) estimates for Evergy in a research note issued on Monday, January 6th. Seaport Res Ptn analyst A. Storozynski now expects that the company will post earnings of $4.43 per share for the year, down from their previous 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.

EVRG has been the topic of a number of other research reports. Jefferies Financial Group assumed coverage on Evergy in a report on Thursday, September 19th. They set a “buy” rating and a $70.00 price target on the stock. Barclays dropped their target price on Evergy from $67.00 to $65.00 and set an “overweight” rating on the stock in a report on Monday, October 21st. UBS Group upgraded Evergy to a “hold” rating in a research note on Wednesday, September 18th. Wells Fargo & Company lifted their price objective 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. Finally, LADENBURG THALM/SH SH upgraded shares of Evergy from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $59.00 to $68.50 in a research report on Thursday, January 2nd. Two equities 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, Evergy currently has a consensus rating of “Moderate Buy” and an average target price of $64.06.

Evergy Trading Up 0.6 %

NASDAQ EVRG opened at $60.91 on Wednesday. The firm’s fifty day moving average is $62.37 and its two-hundred day moving average is $59.80. Evergy has a one year low of $48.04 and a one year high of $65.47. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.55. The firm has a market cap of $14.01 billion, a PE ratio of 16.46, a P/E/G ratio of 2.75 and a beta of 0.64.

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

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 paid a dividend of $0.6675 per share. 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 dividend on an annualized basis and a dividend yield of 4.38%. Evergy’s dividend payout ratio is 72.16%.

Insider Transactions at Evergy

In related news, EVP Kevin E. Bryant sold 48,141 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president now 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 legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.47% of the company’s stock.

Hedge Funds Weigh In On Evergy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EVRG. Fairscale Capital LLC acquired a new position in Evergy in the 2nd quarter valued at about $27,000. Truvestments Capital LLC acquired a new position in shares of Evergy in the third quarter valued at approximately $32,000. Hexagon Capital Partners LLC raised its position in shares of Evergy by 47.1% in the third quarter. Hexagon Capital Partners LLC now owns 531 shares of the company’s stock valued at $33,000 after buying an additional 170 shares during the last quarter. Benjamin Edwards Inc. lifted its stake in shares of Evergy by 47.8% during the second quarter. Benjamin Edwards Inc. now owns 856 shares of the company’s stock valued at $45,000 after buying an additional 277 shares during the period. Finally, Sentry Investment Management LLC acquired a new stake in Evergy during the third quarter worth approximately $51,000. Institutional investors and hedge funds own 87.24% of the company’s stock.

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.