Evergy Inc. (EVRG) To Go Ex-Dividend on August 18th

Evergy Inc. (NASDAQ:EVRG) declared a quarterly dividend on Thursday, August 6th. Investors of record on Tuesday, August 18th will be paid a dividend of 0.695 per share on Friday, September 18th. This represents a c) dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Tuesday, August 18th.

Evergy has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 20 years. Evergy has a dividend payout ratio of 65.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Evergy to earn $4.55 per share next year, which means the company should continue to be able to cover its $2.78 annual dividend with an expected future payout ratio of 61.1%.

Evergy Stock Performance

Shares of EVRG stock opened at $83.38 on Friday. The stock has a market cap of $19.22 billion, a P/E ratio of 21.16, a P/E/G ratio of 2.15 and a beta of 0.54. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.36 and a quick ratio of 0.24. The company has a fifty day moving average price of $84.60 and a two-hundred day moving average price of $82.36. Evergy has a one year low of $70.42 and a one year high of $88.62.

Evergy (NASDAQ:EVRG) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.07. Evergy had a net margin of 15.19% and a return on equity of 9.20%. The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same period in the previous year, the business earned $0.82 EPS. Evergy has set its FY 2026 guidance at 4.140-4.340 EPS. As a group, equities analysts predict that Evergy will post 4.25 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company set a $87.00 target price on shares of Evergy in a research report on Tuesday, April 21st. Citigroup raised their price target on shares of Evergy from $95.00 to $97.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Bank of America dropped their price objective on shares of Evergy from $89.00 to $88.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. Weiss Ratings raised shares of Evergy from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 11th. Finally, UBS Group increased their target price on shares of Evergy from $88.00 to $91.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.60.

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.