Seaport Res Ptn Decreases Earnings Estimates for Evergy

Key Points

• Seaport Res Ptn has revised Evergy Inc.'s FY2025 earnings per share (EPS) estimate down to $4.00, slightly decreasing from the previous forecast of $4.02, while the consensus estimate stands at $3.83.
• Multiple analysts have given mixed ratings for Evergy, with UBS upgrading the stock to "buy" and increasing its target price to $78.00, while Wall Street Zen downgraded it from "hold" to "sell."
• Evergy has recently declared a quarterly dividend of $0.6675, which results in an annualized dividend yield of 3.83%.

Evergy Inc. (NASDAQ:EVRG - Free Report) - Equities researchers at Seaport Res Ptn lowered their FY2025 EPS estimates for Evergy in a report issued on Monday, July 28th. Seaport Res Ptn analyst A. Storozynski now forecasts that the company will earn $4.00 per share for the year, down from their prior estimate of $4.02. The consensus estimate for Evergy's current full-year earnings is $3.83 per share. Seaport Res Ptn also issued estimates for Evergy's FY2026 earnings at $4.30 EPS, FY2027 earnings at $4.53 EPS and FY2028 earnings at $4.82 EPS.

A number of other equities analysts also recently weighed in on the company. Jefferies Financial Group set a $78.00 target price on Evergy and gave the company a "buy" rating in a report on Tuesday, June 10th. Mizuho boosted their price objective on shares of Evergy from $70.00 to $74.00 and gave the company an "outperform" rating in a research report on Friday, July 18th. Wall Street Zen downgraded shares of Evergy from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Citigroup boosted their price target on shares of Evergy from $77.00 to $79.00 and gave the company a "buy" rating in a report on Friday, May 16th. Finally, BMO Capital Markets initiated coverage on Evergy in a report on Tuesday, May 13th. They set an "outperform" rating and a $75.00 price objective for the company. One analyst has rated the stock with a sell rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $74.06.

Evergy Stock Up 1.1%

Shares of Evergy stock traded up $0.75 during midday trading on Wednesday, hitting $71.55. The company's stock had a trading volume of 2,409,348 shares, compared to its average volume of 2,152,176. Evergy has a 1-year low of $57.28 and a 1-year high of $71.63. The company has a quick ratio of 0.29, a current ratio of 0.55 and a debt-to-equity ratio of 1.24. The firm has a market capitalization of $16.46 billion, a P/E ratio of 18.83, a PEG ratio of 3.09 and a beta of 0.48. The stock has a 50-day simple moving average of $68.13 and a 200-day simple moving average of $67.11.

Evergy (NASDAQ:EVRG - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.12). Evergy had a net margin of 14.87% and a return on equity of 8.84%. The firm had revenue of $1.37 billion during the quarter, compared to analysts' expectations of $1.21 billion. During the same quarter last year, the company posted $0.54 EPS.

Institutional Investors Weigh In On Evergy

A number of large investors have recently bought and sold shares of the business. Bfsg LLC bought a new position in shares of Evergy in the first quarter worth about $25,000. Colonial Trust Co SC bought a new position in Evergy in the 4th quarter worth approximately $32,000. Alpine Bank Wealth Management acquired a new position in shares of Evergy during the first quarter worth approximately $32,000. Olde Wealth Management LLC bought a new stake in shares of Evergy in the first quarter valued at approximately $32,000. Finally, LRI Investments LLC acquired a new stake in shares of Evergy in the first quarter worth $32,000. 87.24% of the stock is currently owned by institutional investors.

Evergy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, May 23rd were issued a $0.6675 dividend. The ex-dividend date was Friday, May 23rd. This represents a $2.67 dividend on an annualized basis and a yield of 3.7%. Evergy's dividend payout ratio is currently 70.26%.

Evergy Company Profile

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.