Evergy, Inc. (NASDAQ:EVRG – Free Report) – Stock analysts at Zacks Research cut their FY2024 earnings per share estimates for Evergy in a report released on Monday, January 6th. Zacks Research analyst R. Department now forecasts that the company will earn $3.84 per share for the year, down from their previous estimate of $3.85. The consensus estimate for Evergy’s current full-year earnings is $3.84 per share. Zacks Research also issued estimates for Evergy’s Q4 2024 earnings at $0.38 EPS, Q3 2025 earnings at $2.00 EPS, Q4 2026 earnings at $0.52 EPS and FY2026 earnings at $4.26 EPS.
Evergy (NASDAQ:EVRG – Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The company reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.07. Evergy had a net margin of 14.77% and a return on equity of 8.77%. The company had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $2.35 billion. During the same quarter in the previous year, the company posted $1.88 earnings per share. The company’s revenue for the quarter was up 8.5% compared to the same quarter last year.
Check Out Our Latest Research Report on Evergy
Evergy Price Performance
Shares of NASDAQ:EVRG opened at $60.54 on Wednesday. The firm’s 50 day moving average is $62.35 and its two-hundred day moving average is $59.79. The firm has a market capitalization of $13.92 billion, a P/E ratio of 16.36, a PEG ratio of 2.75 and a beta of 0.64. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15. Evergy has a 52 week low of $48.04 and a 52 week high of $65.47.
Evergy Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Thursday, November 21st were paid a dividend of $0.6675 per share. This is an increase from Evergy’s previous quarterly dividend of $0.64. This represents a $2.67 annualized dividend and a yield of 4.41%. The ex-dividend date was Thursday, November 21st. Evergy’s payout ratio is 72.16%.
Insider Activity
In other Evergy news, EVP Kevin E. Bryant sold 48,141 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $62.93, for a total transaction of $3,029,513.13. Following the completion of the sale, the executive vice president now owns 1 shares of the company’s stock, valued at $62.93. This represents a 100.00 % 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. Corporate insiders own 0.47% of the company’s stock.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the stock. Sunbelt Securities Inc. raised its holdings in Evergy by 2.2% in the 3rd quarter. Sunbelt Securities Inc. now owns 7,778 shares of the company’s stock valued at $482,000 after acquiring an additional 168 shares in the last quarter. Hexagon Capital Partners LLC raised its stake in shares of Evergy by 47.1% in the third quarter. Hexagon Capital Partners LLC now owns 531 shares of the company’s stock valued at $33,000 after purchasing an additional 170 shares in the last quarter. Empirical Finance LLC lifted its position in Evergy by 2.3% in the third quarter. Empirical Finance LLC now owns 7,751 shares of the company’s stock worth $481,000 after purchasing an additional 171 shares during the period. DekaBank Deutsche Girozentrale boosted its stake in Evergy by 1.2% during the third quarter. DekaBank Deutsche Girozentrale now owns 18,563 shares of the company’s stock worth $1,138,000 after buying an additional 212 shares in the last quarter. Finally, World Investment Advisors LLC increased its holdings in Evergy by 3.9% in the 3rd quarter. World Investment Advisors LLC now owns 5,715 shares of the company’s stock valued at $354,000 after buying an additional 212 shares during the period. Institutional investors and hedge funds own 87.24% of the company’s stock.
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.
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