Zacks Research Has Positive Estimate for Evergy Q3 Earnings

Evergy Inc. (NASDAQ:EVRG) – Stock analysts at Zacks Research lifted their Q3 2027 earnings per share (EPS) estimates for shares of Evergy in a report issued on Thursday, August 27th. Zacks Research analyst Team now forecasts that the company will earn $2.25 per share for the quarter, up from their prior forecast of $2.24. The consensus estimate for Evergy’s current full-year earnings is $4.25 per share. Zacks Research also issued estimates for Evergy’s Q4 2027 earnings at $0.65 EPS, FY2027 earnings at $4.54 EPS and Q2 2028 earnings at $1.01 EPS.

Several other equities research analysts also recently commented on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Evergy in a research report on Friday, August 7th. UBS Group upped their price target on shares of Evergy from $88.00 to $91.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. BMO Capital Markets raised their price target on shares of Evergy from $88.00 to $92.00 and gave the company an “outperform” rating in a research note on Wednesday, July 22nd. Citigroup lifted their price target on shares of Evergy from $95.00 to $97.00 and gave the stock a “buy” rating in a report on Friday, July 24th. Finally, Barclays boosted their price objective on shares of Evergy from $89.00 to $94.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 30th. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $90.60.

Evergy Stock Performance

Evergy stock opened at $81.42 on Friday. The business has a 50 day moving average of $84.64 and a 200-day moving average of $82.99. The company has a market capitalization of $18.77 billion, a P/E ratio of 20.66, a P/E/G ratio of 2.13 and a beta of 0.54. Evergy has a 1 year low of $70.42 and a 1 year high of $88.62. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.36 and a quick ratio of 0.21.

Evergy (NASDAQ:EVRG) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.07. The firm had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.36 billion. Evergy had a return on equity of 9.20% and a net margin of 15.19%.During the same period last year, the firm posted $0.82 earnings per share.

Evergy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Tuesday, August 18th will be paid a $0.695 dividend. This represents a $2.78 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Tuesday, August 18th. Evergy’s payout ratio is currently 70.56%.

Insider Buying and Selling

In related news, Director Sandra Aj Lawrence sold 600 shares of the company’s stock in a transaction that occurred on 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 $55,358.80. This represents a 46.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Charles A. Caisley sold 10,787 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $83.46, for a total transaction of $900,283.02. Following the sale, the executive vice president directly owned 37,789 shares of the company’s stock, valued at $3,153,869.94. This represents a 22.21% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 11,587 shares of company stock worth $965,655. 1.52% of the stock is owned by insiders.

Institutional Trading of Evergy

A number of large investors have recently bought and sold shares of the business. Kestra Advisory Services LLC raised its position in shares of Evergy by 0.8% in the 1st quarter. Kestra Advisory Services LLC now owns 15,829 shares of the company’s stock worth $1,297,000 after acquiring an additional 124 shares in the last quarter. Trilogy Capital Inc. boosted its position in shares of Evergy by 0.3% during the 2nd quarter. Trilogy Capital Inc. now owns 47,210 shares of the company’s stock valued at $4,080,000 after purchasing an additional 125 shares in the last quarter. Retirement Planning Group LLC boosted its position in shares of Evergy by 0.6% during the 1st quarter. Retirement Planning Group LLC now owns 23,659 shares of the company’s stock valued at $1,938,000 after purchasing an additional 137 shares in the last quarter. Earned Wealth Advisors LLC grew its stake in Evergy by 4.9% during the first quarter. Earned Wealth Advisors LLC now owns 2,946 shares of the company’s stock worth $241,000 after purchasing an additional 137 shares during the period. Finally, Optiver Holding B.V. grew its stake in Evergy by 14.5% during the first quarter. Optiver Holding B.V. now owns 1,107 shares of the company’s stock worth $91,000 after purchasing an additional 140 shares during the period. 87.24% of the stock is currently owned by institutional investors and hedge funds.

About Evergy

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.