Evergy (NASDAQ:EVRG) Releases FY 2025 Earnings Guidance

Evergy (NASDAQ:EVRG) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share guidance of 3.920-4.020 for the period, compared to the consensus earnings per share estimate of 4.020. The company issued revenue guidance of -.

Evergy Stock Up 0.0%

Evergy stock opened at $75.59 on Friday. The company has a current ratio of 0.50, a quick ratio of 0.27 and a debt-to-equity ratio of 1.24. Evergy has a 1-year low of $59.67 and a 1-year high of $79.32. The company has a fifty day simple moving average of $75.18 and a 200 day simple moving average of $71.05. The company has a market cap of $17.40 billion, a P/E ratio of 20.77, a price-to-earnings-growth ratio of 3.56 and a beta of 0.61.

Evergy (NASDAQ:EVRG) last posted its quarterly earnings data on Thursday, November 6th. The company reported $2.03 EPS for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.11). The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $2.24 billion. Evergy had a return on equity of 8.62% and a net margin of 14.29%.The company’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.02 earnings per share. Evergy has set its FY 2025 guidance at 3.920-4.020 EPS. Research analysts anticipate that Evergy will post 3.83 earnings per share for the current fiscal year.

Evergy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Friday, November 21st will be given a dividend of $0.695 per share. This is a positive change from Evergy’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Friday, November 21st. This represents a $2.78 annualized dividend and a dividend yield of 3.7%. Evergy’s payout ratio is presently 73.35%.

Analyst Ratings Changes

Several equities research analysts have recently commented on EVRG shares. Mizuho increased their price objective on Evergy from $74.00 to $77.00 and gave the company an “outperform” rating in a report on Friday, August 8th. Wells Fargo & Company upgraded shares of Evergy to a “hold” rating in a research note on Tuesday, October 28th. Barclays reaffirmed an “outperform” rating on shares of Evergy in a report on Thursday, October 9th. Wall Street Zen upgraded Evergy from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Finally, Royal Bank Of Canada upgraded Evergy to a “moderate buy” rating in a research note on Tuesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $79.61.

Insider Buying and Selling

In other news, SVP Lesley Lissette Elwell sold 8,000 shares of the business’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $72.33, for a total value of $578,640.00. Following the completion of the transaction, the senior vice president directly owned 499 shares in the company, valued at approximately $36,092.67. The trade was a 94.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.42% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Brighton Jones LLC acquired a new position in Evergy in the 4th quarter worth about $257,000. United Services Automobile Association bought a new stake in shares of Evergy during the first quarter worth about $223,000. Empowered Funds LLC grew its holdings in shares of Evergy by 19.5% during the first quarter. Empowered Funds LLC now owns 4,648 shares of the company’s stock worth $320,000 after purchasing an additional 758 shares during the last quarter. Woodline Partners LP increased its stake in shares of Evergy by 40.7% in the first quarter. Woodline Partners LP now owns 19,429 shares of the company’s stock valued at $1,340,000 after buying an additional 5,618 shares during the period. Finally, Focus Partners Wealth raised its holdings in Evergy by 7.3% in the 1st quarter. Focus Partners Wealth now owns 13,791 shares of the company’s stock valued at $951,000 after buying an additional 939 shares during the last quarter. 87.24% of the stock is owned by institutional investors.

About Evergy

Evergy, Inc, together with its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in the United States. The company generates electricity through coal, landfill gas, uranium, and natural gas and oil sources, as well as solar, wind, other renewable sources. It serves residences, commercial firms, industrials, municipalities, and other electric utilities.