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

Shares of Evergy Inc. (NASDAQ:EVRG) have been given a consensus rating of “Moderate Buy” by the eleven brokerages that are currently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $89.60.

Several equities analysts recently commented on the stock. UBS Group increased their price objective on shares of Evergy from $88.00 to $91.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Weiss Ratings raised shares of Evergy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 11th. Wells Fargo & Company set a $87.00 price objective on shares of Evergy in a research note on Tuesday, April 21st. BTIG Research assumed coverage on shares of Evergy in a research note on Thursday, April 9th. They issued a “buy” rating and a $99.00 price objective for the company. Finally, BMO Capital Markets increased their price objective on shares of Evergy from $82.00 to $87.00 and gave the company an “outperform” rating in a research note on Monday, February 23rd.

Insider Activity at Evergy

In related news, Director Sandra Aj Lawrence sold 761 shares of Evergy stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $83.31, for a total transaction of $63,398.91. Following the sale, the director directly owned 1,680 shares in the company, valued at $139,960.80. This trade represents a 31.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Charles L. King sold 2,440 shares of Evergy stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $82.19, for a total transaction of $200,543.60. Following the sale, the senior vice president owned 18,359 shares in the company, valued at approximately $1,508,926.21. This represents a 11.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 7,251 shares of company stock valued at $598,285 in the last quarter. Insiders own 1.52% of the company’s stock.

Institutional Investors Weigh In On Evergy

Several hedge funds have recently added to or reduced their stakes in EVRG. MidFirst Bank acquired a new stake in Evergy during the 4th quarter worth approximately $25,000. Harbor Capital Advisors Inc. acquired a new stake in Evergy during the 4th quarter worth approximately $27,000. Accredited Wealth Management LLC boosted its position in Evergy by 1,310.3% during the 3rd quarter. Accredited Wealth Management LLC now owns 409 shares of the company’s stock worth $31,000 after buying an additional 380 shares during the period. Prosperity Bancshares Inc acquired a new stake in Evergy during the 4th quarter worth approximately $32,000. Finally, Triumph Capital Management raised its holdings in Evergy by 104.8% during the 4th quarter. Triumph Capital Management now owns 508 shares of the company’s stock worth $37,000 after purchasing an additional 260 shares during the last quarter. 87.24% of the stock is currently owned by institutional investors and hedge funds.

Evergy Trading Down 0.3%

EVRG opened at $81.07 on Thursday. Evergy has a twelve month low of $64.70 and a twelve month high of $85.27. The company has a 50-day simple moving average of $82.15 and a 200 day simple moving average of $78.92. The company has a quick ratio of 0.24, a current ratio of 0.45 and a debt-to-equity ratio of 1.29. The stock has a market capitalization of $18.69 billion, a price-to-earnings ratio of 21.50, a P/E/G ratio of 2.11 and a beta of 0.54.

Evergy (NASDAQ:EVRG) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.06. Evergy had a net margin of 14.63% and a return on equity of 9.09%. The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter in the prior year, the business posted $0.54 earnings per share. Evergy’s revenue was up 5.0% compared to the same quarter last year. Evergy has set its FY 2026 guidance at 4.140-4.340 EPS. Analysts predict that Evergy will post 4.25 EPS for the current fiscal year.

Evergy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Friday, May 22nd will be paid a $0.695 dividend. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $2.78 annualized dividend and a yield of 3.4%. Evergy’s dividend payout ratio is presently 73.74%.

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.