Evergy (NASDAQ:EVRG) Posts Quarterly Earnings Results, Beats Expectations By $0.07 EPS

Evergy (NASDAQ:EVRG) released its quarterly earnings data on Wednesday. The company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.07, FiscalAI reports. Evergy had a net margin of 14.63% and a return on equity of 9.09%. The firm had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the prior year, the business earned $0.82 earnings per share.

Evergy Price Performance

NASDAQ EVRG traded down $0.02 during trading hours on Thursday, reaching $83.04. The company’s stock had a trading volume of 2,089,756 shares, compared to its average volume of 1,996,501. The firm has a market capitalization of $19.14 billion, a price-to-earnings ratio of 22.03, a P/E/G ratio of 2.15 and a beta of 0.54. The company’s 50-day moving average is $84.57 and its two-hundred day moving average is $82.36. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.45 and a quick ratio of 0.24. Evergy has a 1-year low of $70.42 and a 1-year high of $88.62.

Evergy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Tuesday, August 18th will be paid a $0.695 dividend. This represents a $2.78 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Tuesday, August 18th. Evergy’s payout ratio is currently 73.74%.

Insider Activity at Evergy

In other news, EVP Charles A. Caisley sold 10,787 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $83.46, for a total transaction of $900,283.02. Following the transaction, the executive vice president owned 37,789 shares in the company, valued at $3,153,869.94. This trade represents a 22.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Sandra Aj Lawrence sold 600 shares of Evergy stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $81.41, for a total transaction of $48,846.00. Following the completion of the sale, the director directly owned 680 shares in the company, valued at $55,358.80. This represents a 46.88% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 12,748 shares of company stock worth $1,061,870. 1.52% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Evergy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Prosperity Bancshares Inc acquired a new position in shares of Evergy during the 4th quarter worth about $32,000. Triumph Capital Management increased its stake in Evergy by 104.8% during the 4th quarter. Triumph Capital Management now owns 508 shares of the company’s stock worth $37,000 after buying an additional 260 shares in the last quarter. Transamerica Financial Advisors LLC increased its stake in Evergy by 163.2% during the 4th quarter. Transamerica Financial Advisors LLC now owns 529 shares of the company’s stock worth $38,000 after buying an additional 328 shares in the last quarter. MUFG Securities EMEA plc acquired a new position in shares of Evergy during the second quarter valued at approximately $47,000. Finally, Quarry LP raised its holdings in shares of Evergy by 1,222.9% during the third quarter. Quarry LP now owns 635 shares of the company’s stock valued at $48,000 after acquiring an additional 587 shares during the last quarter. 87.24% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Evergy

Here are the key news stories impacting Evergy this week:

• Positive Sentiment: Evergy reported second-quarter adjusted earnings of $0.88 per share, exceeding the $0.81–$0.82 analyst consensus and rising from $0.82 a year earlier. Revenue increased to $1.50 billion, above the $1.36 billion consensus, helped by gains at Kansas Central and Metro. Evergy’s Q2 Earnings Beat Estimates, Revenues Increase Y/Y
• Positive Sentiment: GAAP net income rose to $215 million, or $0.91 per share, compared with $0.82 per share in the prior-year quarter. The earnings beat and improved revenue performance reinforce the company’s operating momentum. Evergy Posts Higher Q2 Earnings and Reaffirms Guidance
• Positive Sentiment: Evergy declared a quarterly dividend of $0.695 per share, payable September 18 to shareholders of record August 18. The annualized payout is approximately $2.78 per share, representing a yield near 3.3%, which may appeal to income-focused investors.
• Neutral Sentiment: The company reaffirmed its 2026 adjusted EPS outlook, with guidance of $4.14 to $4.34 per share. The midpoint of $4.24 is close to the $4.25 analyst consensus, indicating no major change to expected earnings. Evergy’s Q2 Earnings Beat Estimates, Revenues Increase Y/Y
• Negative Sentiment: Although quarterly results beat estimates, the full-year guidance range extends below consensus at its low end. The lack of an upward revision may have tempered investor enthusiasm following the earnings release.

Analysts Set New Price Targets

Several brokerages have weighed in on EVRG. Citigroup increased their price target on Evergy from $95.00 to $97.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Barclays boosted their price objective on Evergy from $89.00 to $94.00 and gave the company an “overweight” rating in a report on Tuesday, June 30th. Weiss Ratings raised Evergy from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 11th. Bank of America reduced their price target on Evergy from $89.00 to $88.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Finally, BTIG Research set a $97.00 price target on Evergy in a report on Thursday, July 23rd. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $90.60.

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.