FY2025 EPS Estimates for Evergy Reduced by Seaport Res Ptn

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

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

EVRG has been the subject of several other reports. Barclays cut their price target on shares of 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 shares of Evergy from a “neutral” rating to a “buy” rating and upped their price objective for the company from $59.00 to $68.50 in a research note on Thursday, January 2nd. UBS Group upgraded Evergy to a “hold” rating in a research report on Wednesday, September 18th. Wells Fargo & Company boosted 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, Jefferies Financial Group initiated coverage on Evergy in a report on Thursday, September 19th. They issued a “buy” rating and a $70.00 price objective for the company. 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, Evergy currently has an average rating of “Moderate Buy” and a consensus price target of $64.06.

Evergy Stock Down 2.1 %

Evergy stock opened at $60.27 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. The firm has a 50 day moving average price of $62.34 and a 200-day moving average price of $59.74. Evergy has a twelve month low of $48.04 and a twelve month high of $65.47. The company has a market capitalization of $13.86 billion, a P/E ratio of 16.29, a P/E/G ratio of 2.75 and a beta of 0.64.

Evergy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Thursday, November 21st were issued a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.43%. The ex-dividend date was Thursday, November 21st. This is a positive change from Evergy’s previous quarterly dividend of $0.64. Evergy’s dividend payout ratio is presently 72.16%.

Insider Activity

In other Evergy news, EVP Kevin E. Bryant sold 48,141 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $62.93, for a total value 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 trade represents a 100.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.47% of the company’s stock.

Institutional Investors Weigh In On Evergy

Several institutional investors and hedge funds have recently made changes to their positions in EVRG. Fairscale Capital LLC acquired a new stake in shares of Evergy during the 2nd quarter worth approximately $27,000. Truvestments Capital LLC acquired a new stake in shares of Evergy in the third quarter worth approximately $32,000. Hexagon Capital Partners LLC grew its holdings in shares of Evergy by 47.1% during the third quarter. Hexagon Capital Partners LLC now owns 531 shares of the company’s stock worth $33,000 after buying an additional 170 shares in the last quarter. Sentry Investment Management LLC acquired a new stake in Evergy in the 3rd quarter valued at about $51,000. Finally, Benjamin Edwards Inc. lifted its position in Evergy by 47.8% during the second quarter. Benjamin Edwards Inc. now owns 856 shares of the company’s stock worth $45,000 after buying an additional 277 shares in the last quarter. 87.24% of the stock is currently owned by institutional investors and hedge funds.

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.