Evergy Inc. (NASDAQ:EVRG) Receives Consensus Rating of “Moderate Buy” from Analysts

Evergy Inc. (NASDAQ:EVRG) has received a consensus recommendation of “Moderate Buy” from the eleven ratings firms that are covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $89.60.

Several equities analysts recently issued reports on EVRG shares. Royal Bank Of Canada reissued an “outperform” rating and issued a $91.00 target price on shares of Evergy in a research report on Friday, January 23rd. BTIG Research started coverage on Evergy in a research report on Thursday, April 9th. They issued a “buy” rating and a $99.00 target price on the stock. UBS Group upped their target price on Evergy from $88.00 to $91.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. BMO Capital Markets upped their target price on Evergy from $82.00 to $87.00 and gave the company an “outperform” rating in a research report on Monday, February 23rd. Finally, Citigroup upped their target price on Evergy from $89.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, February 20th.

Evergy Price Performance

NASDAQ EVRG opened at $80.50 on Friday. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.45 and a quick ratio of 0.24. The stock’s fifty day moving average price is $81.91 and its 200 day moving average price is $78.37. Evergy has a 1 year low of $64.70 and a 1 year high of $85.27. The company has a market cap of $18.56 billion, a price-to-earnings ratio of 21.35, a PEG ratio of 2.09 and a beta of 0.56.

Evergy (NASDAQ:EVRG) last released its earnings results on Thursday, May 7th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.06. Evergy had a return on equity of 9.09% and a net margin of 14.63%.The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same period in the prior year, the firm earned $0.54 EPS. The firm’s revenue was up 5.0% on a year-over-year basis. Evergy has set its FY 2026 guidance at 4.140-4.340 EPS. As a group, equities research analysts forecast that Evergy will post 4.25 earnings per share for the current year.

Evergy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Friday, May 22nd will be issued a $0.695 dividend. This represents a $2.78 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Friday, May 22nd. Evergy’s dividend payout ratio is presently 73.74%.

Insider Buying and Selling at Evergy

In other Evergy news, SVP Heather A. Humphrey sold 3,650 shares of the company’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $82.61, for a total value of $301,526.50. Following the sale, the senior vice president directly owned 44,007 shares of the company’s stock, valued at approximately $3,635,418.27. This represents a 7.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Charles L. King sold 2,440 shares of the company’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $82.19, for a total transaction of $200,543.60. Following the completion of the sale, the senior vice president directly owned 18,359 shares in the company, valued at approximately $1,508,926.21. The trade was a 11.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 8,937 shares of company stock valued at $736,492. 1.52% of the stock is owned by insiders.

Institutional Investors Weigh In On Evergy

Several hedge funds have recently added to or reduced their stakes in EVRG. Excelsior Advisor Network LLC purchased a new stake in shares of Evergy during the 1st quarter worth about $233,000. Quantinno Capital Management LP boosted its stake in shares of Evergy by 37.5% during the 1st quarter. Quantinno Capital Management LP now owns 549,716 shares of the company’s stock worth $45,033,000 after acquiring an additional 149,859 shares in the last quarter. Gateway Wealth Partners LLC purchased a new position in Evergy in the 1st quarter valued at about $258,000. 44 Wealth Management LLC lifted its stake in Evergy by 96.8% in the 1st quarter. 44 Wealth Management LLC now owns 13,064 shares of the company’s stock valued at $1,070,000 after buying an additional 6,425 shares in the last quarter. Finally, Modern Wealth Management LLC lifted its stake in Evergy by 2.5% in the 1st quarter. Modern Wealth Management LLC now owns 8,736 shares of the company’s stock valued at $719,000 after buying an additional 211 shares in the last quarter. 87.24% of the stock is owned by hedge funds and other institutional investors.

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.