Evergy (NASDAQ:EVRG) Issues Quarterly Earnings Results

Evergy (NASDAQ:EVRG) released its quarterly earnings results on Wednesday. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.06, FiscalAI reports. Evergy had a net margin of 14.35% and a return on equity of 8.79%. The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter last year, the firm earned $0.54 earnings per share. The company’s revenue for the quarter was up 5.0% on a year-over-year basis.

Evergy Trading Up 2.1%

Evergy stock traded up $1.74 during trading hours on Thursday, reaching $82.73. 3,524,478 shares of the company’s stock were exchanged, compared to its average volume of 1,722,487. The firm’s 50 day simple moving average is $82.07 and its 200 day simple moving average is $78.20. Evergy has a twelve month low of $63.29 and a twelve month high of $85.27. The company has a quick ratio of 0.27, a current ratio of 0.49 and a debt-to-equity ratio of 1.27. The firm has a market capitalization of $19.05 billion, a PE ratio of 22.54, a PEG ratio of 2.10 and a beta of 0.56.

Evergy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Friday, May 22nd will be issued a dividend of $0.695 per share. This represents a $2.78 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Friday, May 22nd. Evergy’s dividend payout ratio (DPR) is presently 75.75%.

Key Evergy News

Here are the key news stories impacting Evergy this week:

• Positive Sentiment: Q1 beat and revenue growth — Evergy reported adjusted EPS of $0.69 (vs. $0.63 est.) and revenue of $1.44B, driven by regulated investment recovery, stronger demand and higher large‑customer sales; this beat is the main catalyst for the stock strength. Evergy beats profit estimates on regulated investment recovery, stronger demand
• Positive Sentiment: New large customer and reaffirmed 2026 guidance — Management announced a new large customer and said it is reaffirming 2026 guidance, supporting confidence in revenue stability and growth prospects. Evergy Announces First Quarter 2026 Results, Announces New Large Customer, Declares Quarterly Dividend and Reaffirms 2026 Guidance
• Positive Sentiment: Dividend declared — Evergy declared a quarterly dividend of $0.695/share (annualized yield ~3.4%), reinforcing the income profile and appealing to dividend investors (record May 22, pay June 18).
• Neutral Sentiment: FY2026 EPS range set — Management updated full‑year EPS guidance to $4.140–$4.340, which overlaps the consensus (~$4.24) but leaves execution risk toward the lower bound; investors should watch guidance cadence for signs of upside or trimming. Press Release
• Negative Sentiment: Rising interest costs and leverage pressure margins — Interest expense rose ~14.4% Y/Y, which, together with Evergy’s leverage profile, could weigh on free cash flow and limit near‑term upside if rates stay elevated. Evergy’s Q1 Earnings Beat Estimates, Revenues Increase Y/Y

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Wells Fargo & Company set a $87.00 target price on Evergy in a research report on Tuesday, April 21st. Bank of America reduced their price target on Evergy from $89.00 to $88.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. UBS Group cut Evergy from a “buy” rating to a “neutral” rating and increased their price target for the company from $86.00 to $88.00 in a research note on Friday, February 13th. Royal Bank Of Canada restated an “outperform” rating and set a $91.00 price objective on shares of Evergy in a research report on Friday, January 23rd. Finally, BTIG Research began coverage on Evergy in a report on Thursday, April 9th. They issued a “buy” rating and a $99.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $89.30.

Insider Activity

In other Evergy news, SVP Charles L. King sold 2,440 shares of Evergy stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $82.19, for a total value of $200,543.60. Following the completion of the sale, the senior vice president directly owned 18,359 shares in the company, valued at approximately $1,508,926.21. The trade was a 11.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ann D. Murtlow sold 2,847 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the director directly owned 2,311 shares in the company, valued at approximately $190,287.74. This trade represents a 55.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 8,937 shares of company stock valued at $736,492 in the last ninety days. 1.52% of the stock is owned by company insiders.

Institutional Trading of Evergy

Large investors have recently modified their holdings of the stock. Adage Capital Partners GP L.L.C. increased its stake in shares of Evergy by 476.6% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 1,207,882 shares of the company’s stock valued at $87,559,000 after acquiring an additional 998,400 shares in the last quarter. Freestone Grove Partners LP boosted its stake in Evergy by 321.1% during the fourth quarter. Freestone Grove Partners LP now owns 854,739 shares of the company’s stock worth $61,960,000 after acquiring an additional 651,738 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Evergy by 122.4% in the fourth quarter. Renaissance Technologies LLC now owns 811,202 shares of the company’s stock worth $58,804,000 after purchasing an additional 446,400 shares during the period. BROOKFIELD Corp ON acquired a new stake in Evergy in the second quarter worth $29,644,000. Finally, Zimmer Partners LP increased its stake in Evergy by 147.8% in the fourth quarter. Zimmer Partners LP now owns 137,500 shares of the company’s stock valued at $9,967,000 after purchasing an additional 425,000 shares in the last quarter. Institutional investors and hedge funds own 87.24% of the company’s stock.

Evergy Company Profile

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.