Evergy (NYSE:EVRG) Issues FY 2022 Earnings Guidance

Evergy (NYSE:EVRGGet Rating) issued an update on its FY 2022 earnings guidance on Monday morning. The company provided EPS guidance of $3.43-$3.63 for the period, compared to the consensus EPS estimate of $3.55. The company issued revenue guidance of -.

A number of research firms recently commented on EVRG. Wells Fargo & Company increased their price target on Evergy from $67.00 to $75.00 and gave the company an equal weight rating in a research report on Tuesday, April 19th. Credit Suisse Group began coverage on Evergy in a research report on Monday, April 25th. They issued an outperform rating and a $76.00 price target for the company. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Evergy has an average rating of Buy and a consensus price target of $71.00.

NYSE:EVRG traded up $0.09 during trading on Monday, reaching $67.70. The company’s stock had a trading volume of 7,398 shares, compared to its average volume of 1,453,279. The firm has a market cap of $15.54 billion, a price-to-earnings ratio of 19.21, a price-to-earnings-growth ratio of 3.15 and a beta of 0.47. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.33 and a current ratio of 0.51. The firm has a 50 day moving average of $67.91 and a 200-day moving average of $65.98. Evergy has a 12 month low of $59.46 and a 12 month high of $73.13.

Evergy (NYSE:EVRGGet Rating) last announced its quarterly earnings data on Thursday, May 5th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.03. Evergy had a return on equity of 8.93% and a net margin of 15.59%. During the same period in the prior year, the firm posted $0.55 earnings per share. Equities research analysts forecast that Evergy will post 3.53 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 20th. Shareholders of record on Friday, May 20th will be paid a $0.5725 dividend. The ex-dividend date is Thursday, May 19th. This represents a $2.29 dividend on an annualized basis and a yield of 3.38%. Evergy’s dividend payout ratio (DPR) is presently 65.06%.

In other Evergy news, SVP Charles L. King sold 1,200 shares of the company’s stock in a transaction on Thursday, March 10th. The stock was sold at an average price of $63.26, for a total value of $75,912.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.32% of the stock is owned by corporate insiders.

Several hedge funds have recently bought and sold shares of the company. State Street Corp grew its stake in shares of Evergy by 10.8% during the 1st quarter. State Street Corp now owns 13,874,020 shares of the company’s stock worth $948,151,000 after acquiring an additional 1,356,321 shares during the period. Horizon Investments LLC lifted its holdings in Evergy by 21.3% during the 1st quarter. Horizon Investments LLC now owns 6,488 shares of the company’s stock worth $443,000 after purchasing an additional 1,138 shares in the last quarter. UBS Group AG lifted its holdings in Evergy by 6.0% during the 1st quarter. UBS Group AG now owns 155,410 shares of the company’s stock worth $10,620,000 after purchasing an additional 8,815 shares in the last quarter. Wexford Capital LP purchased a new stake in Evergy during the 1st quarter worth about $7,810,000. Finally, Northern Trust Corp lifted its holdings in Evergy by 10.0% during the 1st quarter. Northern Trust Corp now owns 2,390,230 shares of the company’s stock worth $163,348,000 after purchasing an additional 217,309 shares in the last quarter. Institutional investors own 87.39% of the company’s stock.

About Evergy (Get Rating)

Evergy, Inc, together with its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in Kansas and Missouri, the United States. It generates electricity through coal, hydroelectric, landfill gas, uranium, and natural gas and oil sources, as well as solar, wind, other renewable sources.

Read More

Receive News & Ratings for Evergy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Evergy and related companies with MarketBeat.com's FREE daily email newsletter.