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

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

A number of equities analysts recently weighed in on EVRG shares. UBS Group upped their price target on Evergy from $88.00 to $91.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Barclays upped their price target on Evergy from $82.00 to $89.00 and gave the stock an “overweight” rating in a report on Monday, March 9th. BTIG Research initiated coverage on Evergy in a report on Thursday, April 9th. They issued a “buy” rating and a $99.00 price target for the company. Wells Fargo & Company set a $87.00 price objective on Evergy in a report on Tuesday, April 21st. Finally, Bank of America lowered their price objective on Evergy from $89.00 to $88.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th.

Evergy Price Performance

NASDAQ EVRG opened at $87.23 on Monday. 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 $82.67 and its 200 day moving average price is $79.86. Evergy has a 1 year low of $67.30 and a 1 year high of $87.57. The company has a market cap of $20.11 billion, a price-to-earnings ratio of 23.14, a PEG ratio of 2.26 and a beta of 0.55.

Evergy (NASDAQ:EVRG) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.06. The company had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Evergy had a return on equity of 9.09% and a net margin of 14.63%.Evergy’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.54 EPS. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Friday, May 22nd were issued a $0.695 dividend. This represents a $2.78 annualized dividend and a yield of 3.2%. The ex-dividend date was Friday, May 22nd. Evergy’s payout ratio is presently 73.74%.

Insider Activity

In related news, Director Sandra Aj Lawrence sold 600 shares of Evergy stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $81.41, for a total value of $48,846.00. Following the sale, the director directly owned 680 shares in the company, valued at approximately $55,358.80. The trade was a 46.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Charles A. Caisley sold 10,787 shares of Evergy stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $83.46, for a total value of $900,283.02. Following the completion of the sale, the executive vice president owned 37,789 shares in the company, valued at approximately $3,153,869.94. The trade was a 22.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 12,748 shares of company stock worth $1,061,870. 1.52% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Evergy

Institutional investors have recently bought and sold shares of the company. MidFirst Bank acquired a new stake in Evergy in the 4th quarter worth about $25,000. Harbor Capital Advisors Inc. purchased a new stake in Evergy in the 4th quarter valued at $27,000. Accredited Wealth Management LLC grew its holdings in Evergy by 1,310.3% in the 3rd quarter. Accredited Wealth Management LLC now owns 409 shares of the company’s stock valued at $31,000 after buying an additional 380 shares in the last quarter. Prosperity Bancshares Inc purchased a new stake in Evergy in the 4th quarter valued at $32,000. Finally, Triumph Capital Management grew its holdings in Evergy by 104.8% in the 4th quarter. Triumph Capital Management now owns 508 shares of the company’s stock valued at $37,000 after buying an additional 260 shares in the last quarter. 87.24% of the stock is currently owned by institutional investors and hedge funds.

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.