Evergy Inc. (EVRG) To Go Ex-Dividend on May 22nd

Evergy Inc. (NASDAQ:EVRG) declared a quarterly dividend on Wednesday, May 6th. Investors of record on Friday, May 22nd will be given a dividend of 0.695 per share on Thursday, June 18th. This represents a c) dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Friday, May 22nd.

Evergy has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 20 years. Evergy has a payout ratio of 65.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Evergy to earn $4.55 per share next year, which means the company should continue to be able to cover its $2.78 annual dividend with an expected future payout ratio of 61.1%.

Evergy Trading Up 2.1%

NASDAQ EVRG opened at $82.73 on Friday. The company has a market capitalization of $19.05 billion, a PE ratio of 22.54, a P/E/G ratio of 2.10 and a beta of 0.56. The company has a fifty day moving average of $82.07 and a 200 day moving average of $78.20. Evergy has a 1 year low of $63.29 and a 1 year high of $85.27. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.49 and a quick ratio of 0.27.

Evergy (NASDAQ:EVRG) last posted its earnings results on Thursday, May 7th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.06. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.27 billion. Evergy had a net margin of 14.35% and a return on equity of 8.79%. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.54 earnings per share. Evergy has set its FY 2026 guidance at 4.140-4.340 EPS. Research analysts forecast that Evergy will post 4.25 earnings per share for the current year.

Wall Street Analyst Weigh In

EVRG has been the subject of a number of analyst reports. Mizuho set a $82.00 price objective on shares of Evergy in a research report on Monday, February 23rd. Barclays upped their price objective on shares of Evergy from $82.00 to $89.00 and gave the stock an “overweight” rating in a research report on Monday, March 9th. Wall Street Zen upgraded shares of Evergy from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. Bank of America decreased their price objective on shares of Evergy from $89.00 to $88.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Finally, UBS Group downgraded shares of Evergy from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $86.00 to $88.00 in a research report on Friday, February 13th. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $89.30.

Evergy Company Profile

Evergy, Inc is a regulated electric utility that generates, transmits and distributes electricity to residential, commercial and industrial customers primarily across Kansas and western Missouri. The company provides core utility services including retail electric delivery, grid operations, customer service and outage restoration, operating under state regulatory frameworks. Evergy serves a mix of urban and rural communities, including portions of the Kansas City metropolitan area and other population centers in its service territory.

The company’s business activities span power generation, system planning, transmission and distribution infrastructure, and customer-facing programs such as energy efficiency and demand-side management.