Evergy (NASDAQ:EVRG) Releases Quarterly Earnings Results, Misses Expectations By $0.11 EPS

Evergy (NASDAQ:EVRG) announced its quarterly earnings results on Thursday. The company reported $2.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.11), Zacks reports. Evergy had a return on equity of 8.62% and a net margin of 14.29%.The firm had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $2.24 billion. During the same period in the previous year, the company posted $2.02 earnings per share. The company’s quarterly revenue was down .1% compared to the same quarter last year. Evergy updated its FY 2025 guidance to 3.920-4.020 EPS.

Evergy Price Performance

Shares of NASDAQ EVRG traded up $0.03 during trading hours on Friday, reaching $75.59. 2,856,713 shares of the stock traded hands, compared to its average volume of 2,301,818. The company’s 50-day simple moving average is $75.18 and its two-hundred day simple moving average is $71.05. The company has a market capitalization of $17.40 billion, a P/E ratio of 20.77, a price-to-earnings-growth ratio of 3.56 and a beta of 0.61. Evergy has a 52-week low of $59.67 and a 52-week high of $79.32. The company has a quick ratio of 0.27, a current ratio of 0.50 and a debt-to-equity ratio of 1.24.

Evergy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, November 21st will be given a dividend of $0.695 per share. This is a boost from Evergy’s previous quarterly dividend of $0.67. The ex-dividend date is Friday, November 21st. This represents a $2.78 annualized dividend and a dividend yield of 3.7%. Evergy’s dividend payout ratio is currently 73.35%.

Insider Transactions at Evergy

In other Evergy news, SVP Lesley Lissette Elwell sold 8,000 shares of Evergy stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $72.33, for a total transaction of $578,640.00. Following the transaction, the senior vice president directly owned 499 shares of the company’s stock, valued at approximately $36,092.67. This trade represents a 94.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.42% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Evergy

A number of large investors have recently added to or reduced their stakes in the business. Brighton Jones LLC purchased a new stake in Evergy during the fourth quarter valued at about $257,000. United Services Automobile Association bought a new stake in shares of Evergy in the 1st quarter valued at about $223,000. Empowered Funds LLC boosted its holdings in Evergy by 19.5% during the 1st quarter. Empowered Funds LLC now owns 4,648 shares of the company’s stock valued at $320,000 after acquiring an additional 758 shares during the period. Woodline Partners LP grew its position in Evergy by 40.7% during the 1st quarter. Woodline Partners LP now owns 19,429 shares of the company’s stock worth $1,340,000 after acquiring an additional 5,618 shares during the last quarter. Finally, Focus Partners Wealth grew its position in Evergy by 7.3% during the 1st quarter. Focus Partners Wealth now owns 13,791 shares of the company’s stock worth $951,000 after acquiring an additional 939 shares during the last quarter. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on EVRG. Royal Bank Of Canada raised shares of Evergy to a “moderate buy” rating in a report on Tuesday, October 28th. Wells Fargo & Company raised shares of Evergy to a “hold” rating in a report on Tuesday, October 28th. Weiss Ratings reissued a “buy (b-)” rating on shares of Evergy in a research note on Wednesday, October 8th. Wall Street Zen upgraded Evergy from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Finally, Jefferies Financial Group raised their price target on Evergy from $77.00 to $87.00 and gave the company a “buy” rating in a report on Thursday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Evergy presently has an average rating of “Buy” and a consensus price target of $79.61.

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.