Evergy (EVRG) Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Evergy in the last year. There are currently 2 sell ratings and 4 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" EVRG shares.
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6 analysts have issued 12 month price targets for Evergy's shares. Their EVRG share price forecasts range from $56.00 to $68.00. On average, they expect the company's stock price to reach $61.83 in the next twelve months. This suggests a possible upside of 15.3% from the stock's current price.
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Evergy's stock was trading at $62.93 at the beginning of 2023. Since then, EVRG stock has decreased by 14.8% and is now trading at $53.61.
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The company is scheduled to release its next quarterly earnings announcement on Friday, November 3rd 2023.
View our EVRG earnings forecast.

Evergy, Inc. (NYSE:EVRG) released its earnings results on Friday, August, 4th. The company reported $0.81 EPS for the quarter, beating analysts' consensus estimates of $0.77 by $0.04. The business earned $1.35 billion during the quarter, compared to the consensus estimate of $1.45 billion. Evergy had a trailing twelve-month return on equity of 8.94% and a net margin of 12.97%. The firm's revenue was down 6.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.86 EPS.

Evergy announced a quarterly dividend on Wednesday, August 2nd. Investors of record on Monday, August 21st will be given a dividend of $0.6125 per share on Wednesday, September 20th. This represents a $2.45 annualized dividend and a dividend yield of 4.57%. The ex-dividend date is Friday, August 18th.
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).

Evergy (NYSE:EVRG) pays an annual dividend of $2.45 per share and currently has a dividend yield of 4.51%. EVRG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 74.47%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, EVRG will have a dividend payout ratio of 62.98% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for EVRG.

Evergy issued an update on its FY 2023 earnings guidance on Friday, August, 4th. The company provided earnings per share (EPS) guidance of $3.55-$3.75 for the period, compared to the consensus EPS estimate of $3.63. The company issued revenue guidance of -.

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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "EVRG."

Evergy's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.67%), State Street Corp (6.06%), Geode Capital Management LLC (2.28%), Franklin Resources Inc. (2.22%), Capital International Investors (1.89%) and Magellan Asset Management Ltd (1.49%). Insiders that own company stock include Anthony D Somma, C John Wilder, Charles A Caisley, 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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One share of EVRG stock can currently be purchased for approximately $53.61.

Evergy (NYSE:EVRG) has a market capitalization of $12.31 billion and generates $5.86 billion in revenue each year. The company earns $752.70 million in net income (profit) each year or $3.29 on an earnings per share basis.

The company employs 4,512 workers across the globe.

Evergy's mailing address is 1200 MAIN STREET, KANSAS CITY MO, 64105. The official website for the company is www.evergyinc.com. The company can be reached via phone at (816) 556-2200, via email at ir@evergy.com, or via fax at 785-575-1796.