Evergy (NASDAQ:EVRG) Rating Lowered to "Sell" at Wall Street Zen

Key Points

• Wall Street Zen downgraded Evergy from “hold” to “sell,” despite the broader analyst consensus remaining “Moderate Buy,” with a $90 average price target.
• Evergy beat quarterly estimates, reporting EPS of $2.58 versus $2.33 expected and revenue of $2.10 billion versus $1.93 billion.
• The company raised its 2026 adjusted EPS outlook to $4.35–$4.50, above the cited $4.29 estimate, and increased its quarterly dividend by 4% to $0.7225 per share.

Evergy (NASDAQ:EVRG - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "hold" rating to a "sell" rating in a report issued on Saturday, Wall Street Zen reports.

Several other equities analysts also recently commented on the stock. Weiss Ratings reissued a "buy (b)" rating on shares of Evergy in a report on Wednesday. Truist Financial assumed coverage on shares of Evergy in a report on Tuesday, October 27th. They issued a "buy" rating and a $97.00 price target for the company. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Evergy in a research report on Friday, October 9th. HSBC started coverage on Evergy in a research note on Thursday, October 22nd. They issued a "buy" rating and a $92.00 target price for the company. Finally, BMO Capital Markets decreased their price target on Evergy from $89.00 to $85.00 and set an "outperform" rating on the stock in a research report on Tuesday, October 13th. Ten research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, Evergy has an average rating of "Moderate Buy" and a consensus price target of $90.00.

Evergy Stock Performance

Shares of NASDAQ EVRG opened at $87.54 on Friday. The stock has a market capitalization of $20.18 billion, a price-to-earnings ratio of 19.45, a PEG ratio of 2.24 and a beta of 0.49. The company has a quick ratio of 0.21, a current ratio of 0.36 and a debt-to-equity ratio of 1.20. The stock's fifty day simple moving average is $81.79 and its 200 day simple moving average is $82.26. Evergy has a 52-week low of $71.40 and a 52-week high of $89.66.

Evergy (NASDAQ:EVRG - Get Free Report) last announced its quarterly earnings results on Thursday, November 5th. The company reported $2.58 earnings per share for the quarter, topping analysts' consensus estimates of $2.33 by $0.25. Evergy had a return on equity of 9.20% and a net margin of 15.19%. The firm had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter in the previous year, the business earned $2.03 earnings per share. As a group, sell-side analysts forecast that Evergy will post 4.27 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Jonathan Rolph acquired 1,640 shares of the business's stock in a transaction that occurred on Friday, September 11th. The stock was purchased at an average cost of $81.47 per share, for a total transaction of $133,610.80. Following the completion of the transaction, the director owned 670 shares in the company, valued at approximately $54,584.90. This trade represents a -169.07% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.52% of the company's stock.

Institutional Trading of Evergy

Institutional investors and hedge funds have recently made changes to their positions in the company. Hughes Financial Services LLC increased its stake in shares of Evergy by 14.1% in the 3rd quarter. Hughes Financial Services LLC now owns 981 shares of the company's stock valued at $84,000 after purchasing an additional 121 shares in the last quarter. Kestra Advisory Services LLC boosted its stake in shares of Evergy by 0.8% during the first quarter. Kestra Advisory Services LLC now owns 15,829 shares of the company's stock worth $1,297,000 after buying an additional 124 shares during the period. Trilogy Capital Inc. lifted its holdings in Evergy by 0.3% in 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. SYM FINANCIAL Corp grew its holdings in Evergy by 2.6% during the 3rd quarter. SYM FINANCIAL Corp now owns 4,906 shares of the company's stock valued at $385,000 after purchasing an additional 125 shares in the last quarter. Finally, Retirement Planning Group LLC increased its stake in shares of Evergy by 0.6% in the first 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 during the period. 87.24% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Evergy

Here are the key news stories impacting Evergy this week:

• Positive Sentiment: Evergy reported Q3 earnings of $2.58 per share, above the $2.33 consensus, while revenue of $2.10 billion also topped estimates. Earnings grew from $2.03 per share a year earlier, with growth attributed to its Kansas Central and Metro businesses. Article: Evergy's Q3 Earnings and Revenues Beat Estimates, '26 EPS View Raised
• Positive Sentiment: The company raised its 2026 adjusted EPS outlook to $4.35–$4.50, above the cited FactSet estimate of $4.29. Higher guidance suggests management expects earnings momentum to continue. Article: Evergy Expects 2026 Adjusted EPS Range
• Positive Sentiment: Evergy increased its quarterly dividend 4% to $0.7225 per share, or $2.89 annualized—an indication of confidence in its cash generation and a modest boost to shareholder income.
• Positive Sentiment: Coverage of the earnings call highlighted customer demand and planned investment as growth themes, adding potential support to the company’s longer-term outlook. Article: Evergy Earnings Call Signals Strong Growth and Investment

About Evergy

Evergy, Inc is an investor-owned electric utility that generates, transmits, distributes and sells electricity to residential, commercial, industrial and municipal customers. The company operates regulated utilities in Kansas and Missouri, providing electric service through its Kansas Central, Kansas South, Missouri Metro and Missouri West operations.

Evergy's generation portfolio includes wind, solar, coal, natural gas and nuclear power. The company also owns an interest in the Wolf Creek Generating Station, a nuclear power plant in Kansas, and continues to invest in renewable energy, grid modernization and other infrastructure intended to support reliable electricity service.

Evergy was formed in 2018 through the merger of Westar Energy and Great Plains Energy, the parent company of Kansas City Power & Light.

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