Evergy Stock Price, News & Analysis (NYSE:EVRG)

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Evergy in the last year. There are currently 1 sell rating and 4 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "reduce" EVRG shares.
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5 Wall Street analysts have issued 12-month price objectives for Evergy's shares. Their EVRG share price targets range from $49.00 to $57.00. On average, they anticipate the company's share price to reach $54.40 in the next year. This suggests a possible upside of 6.1% from the stock's current price.
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Evergy's stock was trading at $62.93 at the beginning of the year. Since then, EVRG shares have decreased by 18.5% and is now trading at $51.26.
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The company is scheduled to release its next quarterly earnings announcement on Friday, February 23rd 2024.
View our EVRG earnings forecast.

Evergy, Inc. (NYSE:EVRG) issued its quarterly earnings data on Tuesday, November, 7th. The company reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.84 by $0.04. The firm had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.63 billion. Evergy had a net margin of 12.16% and a trailing twelve-month return on equity of 8.59%. During the same period last year, the company earned $2.01 earnings per share.

Evergy announced a quarterly dividend on Tuesday, October 31st. Shareholders of record on Wednesday, November 22nd will be given a dividend of $0.6425 per share on Wednesday, December 20th. This represents a $2.57 annualized dividend and a dividend yield of 5.01%. The ex-dividend date is Tuesday, November 21st. This is a positive change from the stock's previous quarterly dividend of $0.61.
Read our dividend analysis for EVRG.

Evergy (NYSE:EVRG) pays an annual dividend of $2.57 per share and currently has a dividend yield of 5.06%. EVRG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 86.82%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, EVRG will have a dividend payout ratio of 66.75% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for EVRG.

ETFs with the largest weight of Evergy (NYSE:EVRG) stock in their portfolio include First Trust Utilities AlphaDEX Fund (FXU), Invesco S&P 500 Equal Weight Utilities ETF (RYU), Invesco S&P 500 Equal Weight Utilities ETF (RSPU), Invesco Dorsey Wright Utilities Momentum ETF (PUI), Natixis Vaughan Nelson Mid Cap ETF (VNMC), Federated Hermes U.S. Strategic Dividend ETF (FDV), Invesco S&P 500 High Dividend Low Volatility ETF (SPHD) and VictoryShares Nasdaq Next 50 ETF (QQQN).

Based on aggregate information from My MarketBeat watchlists, some companies that other Evergy investors own include Johnson & Johnson (JNJ), Procter & Gamble (PG), AT&T (T), RTX (RTX), Cisco Systems (CSCO), Intel (INTC), Verizon Communications (VZ), CVS Health (CVS), Pfizer (PFE).

Evergy's stock is owned by a variety of retail and institutional investors. Top institutional investors include Invesco Ltd. (2.34%), Magellan Asset Management Ltd (1.44%), FMR LLC (1.34%), Northern Trust Corp (1.29%), Bank of New York Mellon Corp (1.11%) and Morgan Stanley (1.07%). Insiders that own company stock include Anthony D Somma, C John Wilder, Charles L King, David A Campbell, Kevin E Bryant, Kirkland B Andrews, Lesley Lissette Elwell, Mary L Landrieu, Sandra Aj Lawrence and Thomas D Hyde.
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Shares of EVRG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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