Latest news with #Evergy
Yahoo
2 days ago
- Business
- Yahoo
Are Wall Street Analysts Bullish on Evergy Stock?
With a market cap of $16.7 billion, Evergy, Inc. (EVRG) is an energy company that, through its subsidiaries Kansas City Power & Light Company and Westar Energy Inc., generates, transmits, distributes, and sells electricity. Its diverse energy mix includes coal, natural gas, oil, uranium, and renewable sources such as wind, solar, and landfill gas, serving residential, commercial, industrial, and municipal customers. Shares of the Kansas City, Missouri-based company have outperformed the broader market over the past 52 weeks. EVRG stock has returned 22.8% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 20.1%. Moreover, shares of Evergy are up 17.7% on a YTD basis, compared to SPX's 8.6% gain. More News from Barchart 'It Will Be the Biggest Product Ever': Elon Musk Says Tesla's Optimus Robots Will Be Bigger Than Even Robotaxi Dear Archer Aviation Stock Fans, Mark Your Calendars for August 11 This Hidden-Gem AI Stock Has a Major Catalyst Coming on August 11 Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! Looking closer, the electric utility stock has also outpaced the Utilities Select Sector SPDR Fund's (XLU) 17.5% rise over the past 52 weeks. Despite reporting better-than-expected Q2 2025 adjusted EPS of $0.82, Evergy's shares fell marginally on Aug. 7 due to a 17.2% drop in net income to $171.3 million, driven by higher operating and interest expenses. Weaker power demand from milder weather and a 6.38% decline in retail sales further pressured revenue, which slipped to $1.4 billion. For the fiscal year ending in December 2025, analysts expect EVRG's EPS to grow nearly 5% year-over-year to $4. The company's earnings surprise history is mixed. It beat the consensus estimates in two of the last four quarters while missing on two other occasions. Among the 13 analysts covering the stock, the consensus rating is a 'Strong Buy.' That's based on 11 'Strong Buy' ratings and two 'Holds.' This configuration is slightly more bullish than three months ago, with 10 'Strong Buy' ratings on the stock. On Aug. 8, Mizuho analyst Anthony Crowdell raised Evergy's price target to $77 and maintained an 'Outperform" rating, citing strong large-load customer demand. As of writing, the stock is trading below the mean price target of $75.10. The Street-high price target of $79 implies a potential upside of 9.1%. On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Erreur lors de la récupération des données Connectez-vous pour accéder à votre portefeuille Erreur lors de la récupération des données Erreur lors de la récupération des données Erreur lors de la récupération des données Erreur lors de la récupération des données
Yahoo
25-07-2025
- Business
- Yahoo
Looking For Yields: CMS Energy, Altria, And Evergy Are Consistent Moneymakers
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Companies with a long history of paying dividends and consistently hiking them remain appealing to income-focused investors. CMS Energy, Altria, and Evergy have rewarded shareholders for years and recently announced dividend increases. These companies currently offer dividend yields of up to nearly 7%. CMS Energy CMS Energy Corp. (NYSE:CMS) is an energy company focused principally on utility operations in Michigan. Don't Miss: Be part of the breakthrough that could replace plastic as we know it—invest in Timeplast before the July 31st deadline and help revolutionize a $1.3T industry. $100k+ in investable assets? – no cost, no obligation. The company has increased its dividends every year for the last 18 years. In its most recent dividend hike announcement on Feb. 6, the company raised the quarterly payout from $0.515 to $0.5425 per share, equal to an annual figure of $2.17. More recently, in its dividend announcement on July 21, the company maintained the payout at the same level. Currently, the dividend yield is 3%. CMS Energy's annual revenue as of March 31 stood at $7.79 billion. The company on April 24 posted Q1 2025 revenues of $2.45 billion, above the consensus estimate of $2.23 billion, while EPS of $1.02 missed the consensus of $1.03. How is the market feeling about CMS Energy? Check out this article by Benzinga to learn more. Trending: This AI-Powered Trading Platform Has 5,000+ Users, 27 Pending Patents, and a $43.97M Valuation — Altria Altria Group Inc. (NYSE:MO) manufactures and sells smokeable and oral tobacco products in the U.S. Altria Group has raised its dividends 59 times in the past 55 years. In its most recent dividend hike announcement on Aug. 22, the board raised the quarterly payout by 4.1% to $1.02 per share, equaling an annual figure of $4.08 per share. More recently, in its dividend announcement on May 15, the company maintained the payout at the same level. The current dividend yield on the stock is 6.92%. Altria Group's annual revenue as of March 31 stood at $20.25 billion. The company on April 29 posted Q1 2025 revenues of $5.26 billion and EPS of $1.23, both beating the consensus Evergy Inc. (NASDAQ:EVRG) generates, distributes, and sells electricity in the U.S. Evergy has increased its dividends every year for the last seven years. In its most recent dividend hike announcement on Nov. 7, it raised the quarterly payout by 4% to $0.6675 per share, which is equal to an annual figure of $2.67 per share. More recently, in its quarterly earnings announcement on May 8, the company maintained the payout at the same level. The current dividend yield on the stock stands at 3.87%. Evergy's annual revenue as of March 31 stood at $5.89 billion. In its Q1 2025 earnings report on May 8, the company posted revenues of $1.38 billion, above the consensus estimate of $1.08 billion, while EPS of $0.54 missed the consensus of $0.66. CMS Energy, Altria, and Evergy are good choices for investors seeking reliable passive income. Their dividend yields of up to nearly 7% and long history of consistent hikes make them attractive to income-focused investors. Check out this article by Benzinga for three more stocks offering high dividend yields. Read Next: If there was a new fund backed by Jeff Bezos offering a ? Image: Shutterstock This article Looking For Yields: CMS Energy, Altria, And Evergy Are Consistent Moneymakers originally appeared on Sign in to access your portfolio
Yahoo
23-07-2025
- Business
- Yahoo
What to Expect From Evergy's Q2 2025 Earnings Report
Kansas City, Missouri-based Evergy, Inc. (EVRG) engages in the generation, transmission, distribution, and sale of electricity in the United States. With a market cap of $15.9 billion, the company generates electricity through coal, landfill gas, uranium, and natural gas and oil sources, as well as solar, wind, and other renewable sources. EVRG is scheduled to report its Q2 earnings on Thursday, August 7, before the market opens. Ahead of this event, analysts expect the company to report a profit of $0.80 per share, down 11.1% from $0.90 per share in the year-ago quarter. The company has surpassed Wall Street's bottom-line estimates in one of the past four quarters, while missing on three other occasions. More News from Barchart Nvidia Stock Warning: This NVDA Challenger Just Scored a Major Customer This High-Yield Dividend Stock (8.3%) Has Analysts Saying 'Strong Buy' — Should You? Should You Buy the Post-Earnings Dip in Lockheed Martin Stock? Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! For fiscal 2025, analysts expect EVRG to report an EPS of $4, up 5% year over year from $3.81 in fiscal 2024. Moreover, in FY2026, the company's EPS is expected to rise 6.5% annually to $4.26. EVRG shares have soared 25.8% over the past 52 weeks, underperforming the S&P 500 Index's ($SPX) 13.4% returns and the Utility Select Sector SPDR Fund's (XLU) 20.3% gains during the same time frame. On May 8, EVRG shares closed down more than 4% following the release of its Q1 results. The company posted revenue of $1.37 billion and its adjusted EPS for the quarter came in at $0.54, falling short of the consensus estimate by 18.2%. Looking ahead, Evergy expects full-year earnings in the range of $3.92 to $4.12 per share. Wall Street analysts are highly bullish about EVRG's stock, with a "Strong Buy" rating overall. Among 14 analysts covering the stock, 11 suggest a 'Strong Buy' and three suggest a 'Hold.' EVRG's average analyst price target of $74.45 indicates a 6.7% potential upside from the current levels. On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
17-07-2025
- Climate
- Yahoo
Thousands without power after overnight flash flooding in Kansas City metro
KANSAS CITY, Mo. — Thousands of Evergy customers across the Kansas City metro are waking up without power Thursday morning as storms and flash flooding continue to affect households on both sides of the state line. Evergy is reporting more than 22,000 Kansas City metro customers without power. See the latest forecast, maps and radar for Kansas City As of 6 a.m. Thursday, the company's outage map shows at least 14,000 customers in Kansas with power out. While more than 8,000 people are without power on the Missouri side of the metro. In Wyandotte County, BPU has just over 2,000 customers who need service as of 6 a.m. Thursday. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Globe and Mail
17-07-2025
- Business
- Globe and Mail
Evergy Schedules Conference Call to Discuss 2nd Quarter Results
Evergy, Inc. (NASDAQ: EVRG) announced today it will release its 2025 second quarter earnings Thursday, August 7, 2025, before market open. The company plans to host its quarterly conference call and audio webcast to discuss the results Thursday, August 7, 2025. In conjunction with the earnings release and conference call, the company plans to post on its website supplemental financial information related to second quarter 2025 performance. The materials will be available under Supplemental Materials in the Investors section of the company website at A replay of the conference call will be available on the Evergy website at About Evergy, Inc. Evergy, Inc. (NASDAQ: EVRG), serves 1.7 million customers in Kansas and Missouri. Evergy's mission is to empower a better future. Our focus remains on producing, transmitting and delivering reliable, affordable, and sustainable energy for the benefit of our stakeholders. Today, about half of Evergy's power comes from carbon-free sources, creating more reliable energy with less impact to the environment. We value innovation and adaptability to give our customers better ways to manage their energy use, to create a safe, diverse and inclusive workplace for our employees, and to add value for our investors. Headquartered in Kansas City, our employees are active members of the communities we serve.
