Zacks Research Has Optimistic Outlook of Evergy Q2 Earnings

Key Points

• Zacks Research raised its Q2 2026 EPS estimate for Evergy to $0.87 (from $0.85) and flagged higher forward forecasts, including FY2026 EPS of $4.22 and FY2028 EPS of $4.89.
• Analyst sentiment is broadly positive with a consensus rating of "Moderate Buy" and a consensus target price of $87.75; broker moves include Citigroup raising its target to $95 and BMO to $87, with one Strong Buy, six Buy and three Hold ratings.
• Evergy declared a quarterly dividend of $0.695 (annualized $2.78) for a yield of 3.4%, and the stock is trading near $81.74 with a market cap of $18.82 billion and a PE of 22.27.

Evergy Inc. (NASDAQ:EVRG - Free Report) - Equities research analysts at Zacks Research boosted their Q2 2026 earnings per share (EPS) estimates for shares of Evergy in a research note issued to investors on Thursday, March 12th. Zacks Research analyst Team now anticipates that the company will post earnings of $0.87 per share for the quarter, up from their previous forecast of $0.85. The consensus estimate for Evergy's current full-year earnings is $3.83 per share. Zacks Research also issued estimates for Evergy's Q3 2026 earnings at $2.16 EPS, FY2026 earnings at $4.22 EPS, Q1 2027 earnings at $0.68 EPS, Q2 2027 earnings at $0.94 EPS and FY2028 earnings at $4.89 EPS.

Other equities research analysts also recently issued reports about the company. Wall Street Zen raised Evergy from a "sell" rating to a "hold" rating in a report on Saturday, February 21st. BMO Capital Markets boosted their price objective on shares of Evergy from $82.00 to $87.00 and gave the company an "outperform" rating in a research report on Monday, February 23rd. Citigroup boosted their target price on shares of Evergy from $89.00 to $95.00 and gave the company a "buy" rating in a research report on Friday, February 20th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Evergy in a research report on Monday, December 29th. Finally, UBS Group lowered shares of Evergy from a "buy" rating to a "neutral" rating and upped their target price for the company from $86.00 to $88.00 in a research note on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $87.75.

Evergy Trading Up 0.9%

NASDAQ:EVRG opened at $81.74 on Friday. The company has a market cap of $18.82 billion, a PE ratio of 22.27, a PEG ratio of 3.21 and a beta of 0.65. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.49 and a quick ratio of 0.27. The firm has a 50-day moving average of $78.51 and a 200-day moving average of $76.07. Evergy has a one year low of $61.94 and a one year high of $85.23.

Evergy (NASDAQ:EVRG - Get Free Report) last posted its quarterly earnings results on Saturday, January 31st. The company reported $0.42 earnings per share for the quarter. Evergy had a net margin of 14.35% and a return on equity of 8.79%.

Evergy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Tuesday, March 10th will be given a dividend of $0.695 per share. The ex-dividend date is Tuesday, March 10th. This represents a $2.78 annualized dividend and a yield of 3.4%. Evergy's dividend payout ratio is 75.75%.

Insiders Place Their Bets

In other Evergy news, SVP Heather A. Humphrey sold 3,650 shares of the company's stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $82.61, for a total transaction of $301,526.50. Following the sale, the senior vice president directly owned 44,007 shares of the company's stock, valued at approximately $3,635,418.27. This represents a 7.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Ann D. Murtlow sold 2,847 shares of the company's stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $82.34, for a total value of $234,421.98. Following the sale, the director owned 2,311 shares of the company's stock, valued at approximately $190,287.74. This trade represents a 55.20% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 1.42% of the company's stock.

Hedge Funds Weigh In On Evergy

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Synergy Asset Management LLC grew its holdings in shares of Evergy by 100.0% during the third quarter. Synergy Asset Management LLC now owns 148,940 shares of the company's stock worth $11,322,000 after buying an additional 74,470 shares in the last quarter. Caprock Group LLC bought a new stake in Evergy in the 3rd quarter worth approximately $1,482,000. Kingsview Wealth Management LLC acquired a new stake in Evergy during the 2nd quarter valued at approximately $246,000. ANTIPODES PARTNERS Ltd purchased a new stake in Evergy in the 3rd quarter valued at approximately $72,860,000. Finally, Oppenheimer Asset Management Inc. grew its holdings in Evergy by 9.9% during the third quarter. Oppenheimer Asset Management Inc. now owns 209,307 shares of the company's stock worth $15,912,000 after acquiring an additional 18,783 shares during the period. 87.24% of the stock is owned by institutional investors.

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.

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