Evergy (NASDAQ:EVRG) Updates FY 2025 Earnings Guidance

by · The Cerbat Gem

Evergy (NASDAQ:EVRG – Get Free Report) 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 Down 1.6%

Shares of EVRG stock traded down $1.21 on Thursday, hitting $75.56. The stock had a trading volume of 3,341,496 shares, compared to its average volume of 2,299,115. The stock’s 50 day moving average is $75.09 and its 200-day moving average is $70.99. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.27 and a current ratio of 0.50. Evergy has a 52-week low of $59.67 and a 52-week high of $79.32. The firm has a market capitalization of $17.39 billion, a price-to-earnings ratio of 20.76, a P/E/G ratio of 3.56 and a beta of 0.61.

Evergy (NASDAQ:EVRG – Get Free Report) last announced its quarterly earnings results on Thursday, November 6th. The company reported $2.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.14 by ($0.11). The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $2.24 billion. Evergy had a net margin of 14.29% and a return on equity of 8.62%. The business’s revenue was down .1% compared to the same quarter last year. During the same period last year, the firm posted $2.02 EPS. Evergy has set its FY 2025 guidance at 3.920-4.020 EPS. As a group, research analysts expect that Evergy will post 3.83 earnings per share for the current year.

Evergy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Friday, November 21st will be given a $0.695 dividend. This represents a $2.78 annualized dividend and a yield of 3.7%. This is an increase from Evergy’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Friday, November 21st. Evergy’s dividend payout ratio (DPR) is 73.35%.

Analyst Ratings Changes

A number of research firms recently issued reports on EVRG. Wells Fargo & Company upgraded Evergy to a “hold” rating in a report on Tuesday, October 28th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Evergy in a research report on Wednesday, October 8th. Barclays reiterated an “outperform” rating on shares of Evergy in a research report on Thursday, October 9th. Royal Bank Of Canada raised shares of Evergy to a “moderate buy” rating in a research report on Tuesday, October 28th. Finally, Wall Street Zen raised Evergy from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $79.61.

Get Our Latest Research Report on Evergy

Insider Buying and Selling at Evergy

In related news, SVP Lesley Lissette Elwell sold 8,000 shares of the company’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 transaction of $578,640.00. Following the sale, the senior vice president owned 499 shares of the company’s stock, valued at approximately $36,092.67. This represents a 94.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.42% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Evergy

Institutional investors have recently added to or reduced their stakes in the stock. IHT Wealth Management LLC lifted its stake in shares of Evergy by 1.0% in the 2nd quarter. IHT Wealth Management LLC now owns 20,528 shares of the company’s stock worth $1,415,000 after acquiring an additional 212 shares during the period. Geneos Wealth Management Inc. boosted its stake in Evergy by 8.3% in the second quarter. Geneos Wealth Management Inc. now owns 4,250 shares of the company’s stock worth $293,000 after purchasing an additional 325 shares in the last quarter. Corient Private Wealth LLC increased its position in Evergy by 0.9% in the second quarter. Corient Private Wealth LLC now owns 49,453 shares of the company’s stock worth $3,409,000 after purchasing an additional 440 shares during the period. NewEdge Advisors LLC grew its holdings in shares of Evergy by 3.2% in the 2nd quarter. NewEdge Advisors LLC now owns 14,515 shares of the company’s stock valued at $1,001,000 after buying an additional 451 shares during the period. Finally, Evergreen Capital Management LLC increased its stake in Evergy by 5.3% in the 2nd quarter. Evergreen Capital Management LLC now owns 9,070 shares of the company’s stock valued at $625,000 after buying an additional 460 shares during the last quarter. Institutional investors own 87.24% of the company’s stock.

About Evergy

(Get Free Report)

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.

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