Brokerages Set Evergy Inc. (NASDAQ:EVRG) Price Target at $89.60

Shares of Evergy Inc. (NASDAQ:EVRG) have earned an average rating of “Moderate Buy” from the eleven research firms that are currently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $89.60.

A number of equities analysts recently issued reports on EVRG shares. Weiss Ratings upgraded shares of Evergy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 11th. Wall Street Zen upgraded shares of Evergy from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. Bank of America lowered their price objective on shares of Evergy from $89.00 to $88.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. BMO Capital Markets upped their price objective on shares of Evergy from $82.00 to $87.00 and gave the stock an “outperform” rating in a research report on Monday, February 23rd. Finally, Barclays upped their price objective on shares of Evergy from $82.00 to $89.00 and gave the stock an “overweight” rating in a research report on Monday, March 9th.

Evergy Stock Performance

Shares of Evergy stock opened at $81.69 on Thursday. The company has a 50 day moving average of $82.28 and a 200-day moving average of $79.03. Evergy has a 1-year low of $65.25 and a 1-year high of $85.27. The company has a current ratio of 0.45, a quick ratio of 0.24 and a debt-to-equity ratio of 1.29. The company has a market cap of $18.83 billion, a PE ratio of 21.67, a price-to-earnings-growth ratio of 2.16 and a beta of 0.55.

Evergy (NASDAQ:EVRG) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.06. Evergy had a net margin of 14.63% and a return on equity of 9.09%. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the prior year, the firm posted $0.54 EPS. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. Evergy has set its FY 2026 guidance at 4.140-4.340 EPS. As a group, equities research analysts forecast that Evergy will post 4.25 earnings per share for the current fiscal year.

Evergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Friday, May 22nd will be given 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 is currently 73.74%.

Insider Buying and Selling

In related news, SVP Charles L. King sold 2,440 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $82.19, for a total transaction of $200,543.60. Following the completion of the transaction, the senior vice president directly owned 18,359 shares in the company, valued at $1,508,926.21. This represents a 11.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sandra Aj Lawrence sold 761 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $83.31, for a total transaction of $63,398.91. Following the transaction, the director owned 1,680 shares of the company’s stock, valued at approximately $139,960.80. This represents a 31.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 4,401 shares of company stock valued at $362,131. 1.52% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Evergy

Several institutional investors and hedge funds have recently added to or reduced their stakes in EVRG. Caprock Group LLC acquired a new stake in shares of Evergy during the third quarter worth $1,482,000. ANTIPODES PARTNERS Ltd acquired a new stake in shares of Evergy during the third quarter worth $72,860,000. Orion Porfolio Solutions LLC boosted its stake in Evergy by 32.5% during the third quarter. Orion Porfolio Solutions LLC now owns 83,233 shares of the company’s stock worth $6,327,000 after acquiring an additional 20,395 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its stake in Evergy by 9.9% during the third quarter. Oppenheimer Asset Management Inc. now owns 209,307 shares of the company’s stock worth $15,912,000 after acquiring an additional 18,783 shares in the last quarter. Finally, Goelzer Investment Management Inc. bought a new position in Evergy during the fourth quarter worth $1,073,000. 87.24% of the stock is currently owned by institutional investors and hedge funds.

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.