Evergy Inc. (NASDAQ:EVRG) Given Consensus Recommendation of “Moderate Buy” by Analysts

Evergy Inc. (NASDAQ:EVRG) has been assigned a consensus rating of “Moderate Buy” from the eleven research firms that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $90.60.

A number of analysts recently weighed in on EVRG shares. Barclays increased their price objective on shares of Evergy from $89.00 to $94.00 and gave the stock an “overweight” rating in a report on Tuesday, June 30th. Weiss Ratings reissued a “buy (b)” rating on shares of Evergy in a research note on Friday, August 7th. BMO Capital Markets upped their target price on shares of Evergy from $88.00 to $92.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 22nd. BTIG Research set a $97.00 price target on shares of Evergy in a research note on Thursday, July 23rd. Finally, UBS Group lifted their price target on Evergy from $88.00 to $91.00 and gave the company a “neutral” rating in a report on Friday, May 8th.

Evergy Stock Down 0.1%

Shares of Evergy stock opened at $83.93 on Tuesday. The company has a current ratio of 0.36, a quick ratio of 0.21 and a debt-to-equity ratio of 1.20. The business’s 50 day simple moving average is $84.78 and its 200-day simple moving average is $82.69. The stock has a market capitalization of $19.35 billion, a price-to-earnings ratio of 21.30, a PEG ratio of 2.18 and a beta of 0.54. Evergy has a twelve month low of $70.42 and a twelve month high of $88.62.

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

Evergy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Tuesday, August 18th will be paid a $0.695 dividend. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $2.78 annualized dividend and a dividend yield of 3.3%. Evergy’s dividend payout ratio is presently 70.56%.

Insiders Place Their Bets

In related news, Director Sandra Aj Lawrence sold 761 shares of Evergy stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $83.31, for a total transaction of $63,398.91. Following the sale, the director directly owned 1,680 shares in the company, valued at $139,960.80. The trade was a 31.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Charles A. Caisley sold 10,787 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $83.46, for a total transaction of $900,283.02. Following the completion of the sale, the executive vice president directly owned 37,789 shares of the company’s stock, valued at $3,153,869.94. The trade was a 22.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 12,748 shares of company stock worth $1,061,870 over the last three months. Corporate insiders own 1.52% of the company’s stock.

Institutional Investors Weigh In On Evergy

Institutional investors and hedge funds have recently bought and sold shares of the business. MidFirst Bank acquired a new position in Evergy in the fourth quarter worth approximately $25,000. Knuff & Co LLC acquired a new stake in shares of Evergy during the 2nd quarter valued at $30,000. Burk Holdings LLC acquired a new stake in shares of Evergy during the 2nd quarter valued at $31,000. Clearstead Trust LLC bought a new stake in shares of Evergy during the 2nd quarter worth $33,000. Finally, Fiduciary Financial Advisors bought a new stake in shares of Evergy during the 2nd quarter worth $34,000. 87.24% of the stock is owned by institutional investors and hedge funds.

About Evergy

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.