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

Shares of Evergy Inc. (NASDAQ:EVRG) have earned an average rating of “Moderate Buy” from the eleven research firms that are presently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $90.60.

A number of research firms have recently issued reports on EVRG. UBS Group increased their target price on Evergy from $88.00 to $91.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Wells Fargo & Company set a $87.00 price target on Evergy in a research report on Tuesday, April 21st. Citigroup raised their price objective on Evergy from $95.00 to $97.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Barclays lifted their target price on Evergy from $89.00 to $94.00 and gave the company an “overweight” rating in a research note on Tuesday, June 30th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Evergy in a report on Friday, August 7th.

Insiders Place Their Bets

In related news, EVP Charles A. Caisley sold 10,787 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $83.46, for a total transaction of $900,283.02. Following the completion of the sale, the executive vice president directly owned 37,789 shares in the company, valued at approximately $3,153,869.94. This trade represents a 22.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Sandra Aj Lawrence sold 761 shares of the business’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $83.31, for a total value of $63,398.91. Following the completion of the transaction, the director owned 1,680 shares in the company, valued at $139,960.80. This trade represents a 31.18% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 12,748 shares of company stock worth $1,061,870 over the last ninety days. 1.52% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Evergy

Large investors have recently made changes to their positions in the company. MidFirst Bank bought a new position in shares of Evergy during the 4th quarter valued at $25,000. Knuff & Co LLC acquired a new position in Evergy during the second quarter worth $30,000. Burk Holdings LLC acquired a new position in Evergy during the second quarter worth $31,000. Prosperity Bancshares Inc bought a new position in Evergy during the fourth quarter valued at about $32,000. Finally, Clearstead Trust LLC bought a new position in Evergy during the second quarter valued at about $33,000. Institutional investors own 87.24% of the company’s stock.

Evergy Stock Performance

Shares of EVRG opened at $83.93 on Tuesday. The company has a 50-day moving average of $84.78 and a two-hundred day moving average of $82.69. The stock has a market cap of $19.35 billion, a price-to-earnings ratio of 21.30, a PEG ratio of 2.18 and a beta of 0.54. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.36 and a quick ratio of 0.21. Evergy has a one year low of $70.42 and a one year high of $88.62.

Evergy (NASDAQ:EVRG) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.07. The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.36 billion. Evergy had a net margin of 15.19% and a return on equity of 9.20%. During the same quarter in the previous year, the business earned $0.82 earnings per share. Evergy has set its FY 2026 guidance at 4.140-4.340 EPS. On average, equities research analysts expect that Evergy will post 4.25 earnings per share for the current year.

Evergy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Tuesday, August 18th will be paid a $0.695 dividend. This represents a $2.78 annualized dividend and a yield of 3.3%. The ex-dividend date is Tuesday, August 18th. Evergy’s dividend payout ratio is currently 70.56%.

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.