Evergy, Inc. (EVRG)

In the first quarter of 2025, Evergy announced GAAP earnings of $125.0 million, or $0.54 per share, which was comparable to the first quarter of 2024, and reaffirmed its 2025 GAAP and adjusted EPS guidance range of $3.92 to $4.12. Evergy's Board of Directors declared a quarterly dividend of $0.6675 per share, payable on June 20, 2025. As of June 2025, Evergy's stock price has been in an uptrend since January 2000, but some forecasts suggested a potential decrease in price, indicating a bearish sentiment for the month. Evergy's Return on Equity (ROE) as of June 2025 was 10.62%, a significant improvement from late 2022, driven by regulatory successes and cost management, though it still lags behind some peers. The company's debt-to-equity ratio reached 1.45 as of March 2025, the highest in 13 years, due to investments in renewable energy projects and infrastructure upgrades.

Evergy's business is significantly impacted by seasonality, with electricity demand directly influenced by weather conditions. The highest revenues are typically recorded in the third quarter due to increased energy demand from air conditioning during the summer. Electricity usage varies with temperature and humidity, affecting demand for space heating and cooling. The residential sector exhibits the largest seasonal variance, with significant spikes in demand during both summer and winter. The commercial sector also sees an increase in demand during summer and a slight increase in winter, though with less variance than the residential sector. The industrial sector's demand is relatively flat, with a smaller summer peak and almost no winter peak, as economic variables play a larger role than weather. Evergy's time-based energy plans are designed around these seasonal and daily peak demand periods, with peak hours generally from 4 p.m. to 8 p.m. on weekdays, especially during summer months.

Evergy, Inc. is an American investor-owned utility holding company headquartered in Topeka, Kansas, and Kansas City, Missouri. It operates primarily through its wholly-owned direct subsidiaries: Evergy Kansas Central, Inc., Evergy Metro, Inc., Evergy Missouri West, Inc., and Evergy Transmission Company, LLC. The company's core business involves the generation, transmission, and distribution of electric power from diverse sources, including coal, landfill gas, uranium, natural gas, oil, solar, wind, and other renewable sources. It serves residential, commercial, industrial, municipal, and other electric utility customers and is recognized as one of the largest wind energy suppliers in the United States.

Evergy provides energy services to approximately 1.7 million customers across Kansas and Missouri. Its service territory spans 28,130 square miles in eastern Kansas and western Missouri. The company operates through four distinct service areas: Evergy Kansas Central, Evergy Kansas South, Evergy Metro, and Evergy Missouri West. These areas include major cities such as Topeka, Wichita, Manhattan, Pittsburg, and the Kansas City metropolitan area. Evergy also operates energy centers in Kansas, Missouri, Oklahoma, and Mississippi.

Information specifically detailing Evergy's brand reputation in the past year is limited. However, past events indicate challenges related to customer perception and regulatory matters. In September 2023, Evergy faced negative feedback on social media regarding its time-of-use pricing plans in Missouri, with customers expressing concerns about increased bills during peak hours. The Better Business Bureau (BBB) showed 26 complaints closed in the last 12 months, including issues like double payments and delays in power restoration.

Institutional investors hold a significant majority of Evergy's stock, ranging from approximately 86% to 89% of the company. Major institutional shareholders include The Vanguard Group, Inc., BlackRock, Inc., and State Street Corporation. Individual investors hold a smaller stake, typically around 12% to 14% of the company. John Wilder is noted as the largest individual Evergy shareholder, owning 1.15% of the company's shares. Insiders collectively own under 1% of Evergy, Inc.