Evergy (NASDAQ:EVRG) Announces Earnings Results

Evergy (NASDAQ:EVRG) issued its earnings results on Wednesday. The company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.07, FiscalAI reports. The business had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.36 billion. Evergy had a return on equity of 9.09% and a net margin of 14.63%.During the same quarter in the prior year, the firm earned $0.82 EPS.

Evergy Trading Down 0.0%

NASDAQ EVRG traded down $0.02 during mid-day trading on Thursday, reaching $83.04. 2,089,756 shares of the stock were exchanged, compared to its average volume of 1,996,501. The stock has a market cap of $19.14 billion, a P/E ratio of 22.03, a P/E/G ratio of 2.15 and a beta of 0.54. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.45 and a quick ratio of 0.24. Evergy has a one year low of $70.42 and a one year high of $88.62. The stock has a 50 day simple moving average of $84.57 and a 200-day simple moving average of $82.36.

Evergy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Tuesday, August 18th will be paid a dividend of $0.695 per share. This represents a $2.78 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Tuesday, August 18th. Evergy’s dividend payout ratio (DPR) is currently 73.74%.

Insider Transactions at Evergy

In other Evergy news, EVP Charles A. Caisley sold 10,787 shares of Evergy stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $83.46, for a total value of $900,283.02. Following the completion of the sale, the executive vice president directly owned 37,789 shares in the company, valued at approximately $3,153,869.94. The trade was a 22.21% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Sandra Aj Lawrence sold 600 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $81.41, for a total value of $48,846.00. Following the completion of the transaction, the director directly owned 680 shares in the company, valued at approximately $55,358.80. This trade represents a 46.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 12,748 shares of company stock valued at $1,061,870. Company insiders own 1.52% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of EVRG. Prosperity Bancshares Inc bought a new stake in Evergy in the fourth quarter valued at $32,000. Triumph Capital Management increased its position in Evergy by 104.8% in the 4th quarter. Triumph Capital Management now owns 508 shares of the company’s stock valued at $37,000 after buying an additional 260 shares in the last quarter. Transamerica Financial Advisors LLC increased its position in Evergy by 163.2% in the 4th quarter. Transamerica Financial Advisors LLC now owns 529 shares of the company’s stock valued at $38,000 after buying an additional 328 shares in the last quarter. MUFG Securities EMEA plc acquired a new position in Evergy during the 2nd quarter worth approximately $47,000. Finally, Quarry LP boosted its holdings in Evergy by 1,222.9% in the third quarter. Quarry LP now owns 635 shares of the company’s stock worth $48,000 after acquiring an additional 587 shares in the last quarter. Institutional investors and hedge funds own 87.24% of the company’s stock.

Analysts Set New Price Targets

EVRG has been the topic of several research reports. Citigroup boosted their price target on Evergy from $95.00 to $97.00 and gave the stock a “buy” rating in a report on Friday, July 24th. BTIG Research set a $97.00 target price on shares of Evergy in a report on Thursday, July 23rd. Weiss Ratings raised shares of Evergy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 11th. Barclays lifted their price target on shares of Evergy from $89.00 to $94.00 and gave the stock an “overweight” rating in a report on Tuesday, June 30th. Finally, Wells Fargo & Company set a $87.00 target price on Evergy in a research report on Tuesday, April 21st. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $90.60.

Key Stories Impacting Evergy

Here are the key news stories impacting Evergy this week:

• Positive Sentiment: Evergy reported second-quarter adjusted earnings of $0.88 per share, exceeding the $0.81–$0.82 analyst consensus and rising from $0.82 a year earlier. Revenue increased to $1.50 billion, above the $1.36 billion consensus, helped by gains at Kansas Central and Metro. Evergy’s Q2 Earnings Beat Estimates, Revenues Increase Y/Y
• Positive Sentiment: GAAP net income rose to $215 million, or $0.91 per share, compared with $0.82 per share in the prior-year quarter. The earnings beat and improved revenue performance reinforce the company’s operating momentum. Evergy Posts Higher Q2 Earnings and Reaffirms Guidance
• Positive Sentiment: Evergy declared a quarterly dividend of $0.695 per share, payable September 18 to shareholders of record August 18. The annualized payout is approximately $2.78 per share, representing a yield near 3.3%, which may appeal to income-focused investors.
• Neutral Sentiment: The company reaffirmed its 2026 adjusted EPS outlook, with guidance of $4.14 to $4.34 per share. The midpoint of $4.24 is close to the $4.25 analyst consensus, indicating no major change to expected earnings. Evergy’s Q2 Earnings Beat Estimates, Revenues Increase Y/Y
• Negative Sentiment: Although quarterly results beat estimates, the full-year guidance range extends below consensus at its low end. The lack of an upward revision may have tempered investor enthusiasm following the earnings release.

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.