Seaport Res Ptn Issues Negative Forecast for Evergy Earnings

Evergy, Inc. (NASDAQ:EVRG) – Seaport Res Ptn decreased their FY2025 earnings estimates for shares of Evergy in a research report issued to clients and investors on Monday, January 6th. Seaport Res Ptn analyst A. Storozynski now expects that the company will earn $4.02 per share 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.

Several other equities research analysts have also issued reports on EVRG. Jefferies Financial Group started coverage on Evergy in a research report on Thursday, September 19th. They set a “buy” rating and a $70.00 price target on the stock. Barclays reduced their price target on shares of Evergy from $67.00 to $65.00 and set an “overweight” rating on the stock in a research report on Monday, October 21st. UBS Group raised shares of Evergy to a “hold” rating in a research report on Wednesday, September 18th. Wells Fargo & Company raised their target price on shares of Evergy from $65.00 to $69.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Finally, LADENBURG THALM/SH SH raised Evergy from a “neutral” rating to a “buy” rating and upped their target price for the company from $59.00 to $68.50 in a report on Thursday, January 2nd. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $64.06.

Evergy Trading Up 0.6 %

NASDAQ:EVRG opened at $60.91 on Tuesday. The company has a market cap of $14.01 billion, a PE ratio of 16.46, a P/E/G ratio of 2.75 and a beta of 0.64. The business’s 50 day moving average is $62.37 and its two-hundred day moving average is $59.80. The company has a quick ratio of 0.32, a current ratio of 0.55 and a debt-to-equity ratio of 1.15. Evergy has a 52 week low of $48.04 and a 52 week high of $65.47.

Evergy (NASDAQ:EVRG) last issued its quarterly earnings results on Thursday, November 7th. The company reported $2.02 EPS for the quarter, topping the consensus estimate of $1.95 by $0.07. The business had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $2.35 billion. Evergy had a net margin of 14.77% and a return on equity of 8.77%. The company’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.88 earnings per share.

Hedge Funds Weigh In On Evergy

Several large investors have recently bought and sold shares of the stock. Fairscale Capital LLC bought a new position in shares of Evergy in the second quarter valued at approximately $27,000. Truvestments Capital LLC acquired a new stake in Evergy in the third quarter worth approximately $32,000. Hexagon Capital Partners LLC boosted its stake in Evergy by 47.1% during the 3rd quarter. Hexagon Capital Partners LLC now owns 531 shares of the company’s stock valued at $33,000 after purchasing an additional 170 shares in the last quarter. Benjamin Edwards Inc. increased its position in shares of Evergy by 47.8% during the 2nd quarter. Benjamin Edwards Inc. now owns 856 shares of the company’s stock valued at $45,000 after purchasing an additional 277 shares during the period. Finally, Sentry Investment Management LLC bought a new stake in shares of Evergy in the 3rd quarter worth $51,000. Institutional investors and hedge funds own 87.24% of the company’s stock.

Insider Buying and Selling

In related news, EVP Kevin E. Bryant sold 48,141 shares of Evergy stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $62.93, for a total transaction of $3,029,513.13. Following the sale, the executive vice president now directly owns 1 shares in the company, valued at $62.93. The trade was a 100.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.47% of the company’s stock.

Evergy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Thursday, November 21st were issued a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.38%. The ex-dividend date of this dividend was Thursday, November 21st. This is a boost from Evergy’s previous quarterly dividend of $0.64. Evergy’s payout ratio is 72.16%.

Evergy Company Profile

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.