FY2025 EPS Estimates for Evergy Decreased by Seaport Res Ptn

Evergy Inc. (NASDAQ:EVRG) – Seaport Res Ptn cut their FY2025 earnings per share estimates for Evergy in a research note issued to investors on Monday, July 28th. Seaport Res Ptn analyst A. Storozynski now anticipates that the company will post earnings per share of $4.00 for the year, down from their prior forecast of $4.02. The consensus estimate for Evergy’s current full-year earnings is $3.83 per share. Seaport Res Ptn also issued estimates for Evergy’s FY2026 earnings at $4.30 EPS, FY2027 earnings at $4.53 EPS and FY2028 earnings at $4.82 EPS.

Several other brokerages also recently weighed in on EVRG. LADENBURG THALM/SH SH raised Evergy to a “strong-buy” rating in a report on Thursday, May 8th. Barclays lowered their price target on Evergy from $73.00 to $71.00 and set an “overweight” rating for the company in a report on Friday, May 30th. Mizuho raised their price target on Evergy from $70.00 to $74.00 and gave the stock an “outperform” rating in a report on Friday, July 18th. BMO Capital Markets began coverage on Evergy in a report on Tuesday, May 13th. They issued an “outperform” rating and a $75.00 price target for the company. Finally, Citigroup raised their price target on Evergy from $77.00 to $79.00 and gave the stock a “buy” rating in a report on Friday, May 16th. One analyst has rated the stock with a sell rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Evergy currently has a consensus rating of “Moderate Buy” and an average price target of $74.06.

Evergy Price Performance

Shares of NASDAQ EVRG opened at $70.16 on Wednesday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.29 and a current ratio of 0.55. The company has a market cap of $16.14 billion, a PE ratio of 18.46, a P/E/G ratio of 3.05 and a beta of 0.50. The business has a 50-day simple moving average of $67.92 and a two-hundred day simple moving average of $66.97. Evergy has a fifty-two week low of $57.25 and a fifty-two week high of $70.75.

Evergy (NASDAQ:EVRG) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.12). The business had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.21 billion. Evergy had a return on equity of 8.84% and a net margin of 14.87%. During the same period in the prior year, the business posted $0.54 EPS.

Evergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Friday, May 23rd were paid a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 3.81%. The ex-dividend date was Friday, May 23rd. Evergy’s payout ratio is 70.26%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of EVRG. Nuveen LLC purchased a new position in shares of Evergy in the first quarter worth about $212,132,000. ExodusPoint Capital Management LP raised its position in Evergy by 164.8% during the fourth quarter. ExodusPoint Capital Management LP now owns 2,312,953 shares of the company’s stock valued at $142,362,000 after acquiring an additional 1,439,450 shares in the last quarter. GAMMA Investing LLC raised its position in Evergy by 8,154.8% during the first quarter. GAMMA Investing LLC now owns 973,574 shares of the company’s stock valued at $67,128,000 after acquiring an additional 961,780 shares in the last quarter. Maple Brown Abbott Ltd purchased a new position in Evergy during the first quarter valued at approximately $63,444,000. Finally, Groupama Asset Managment raised its position in Evergy by 3,216.6% during the fourth quarter. Groupama Asset Managment now owns 880,768 shares of the company’s stock valued at $54,211,000 after acquiring an additional 854,212 shares in the last quarter. 87.24% of the stock is currently owned by hedge funds and other institutional investors.

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.