Evergy, Inc. (EVRG)

Several events have impacted Evergy's stock price in the past six months. Evergy announced its second-quarter 2025 results, reaffirming its 2025 adjusted EPS guidance, though milder weather negatively impacted adjusted earnings per share. Evergy, in collaboration with TerraPower and the State of Kansas, announced a memorandum of understanding to explore the deployment of advanced nuclear energy. The company released its third-quarter 2025 results, reporting a slight year-over-year increase in adjusted EPS, increased its quarterly dividend by 4%, and narrowed its 2025 adjusted EPS guidance range. Evergy announced a partial repurchase of approximately $244.1 million aggregate principal amount of its 4.50% Convertible Notes due 2027 for cash. In late 2025, Evergy saw some analyst rating changes, including a downgrade to Neutral from Outperform by Mizuho, a price target raise to $83 from $81 by UBS, and a reaffirmation of a Hold rating by Wells Fargo. Over the last 12 months, Evergy's stock price increased by 22.47%.

Demand for Evergy's products and services exhibits seasonality, primarily influenced by weather conditions, with higher electricity demand during periods of extreme temperatures. Milder weather conditions can negatively impact demand. Evergy is also experiencing significant long-term demand growth driven by economic development, particularly from new large customers like data centers and advanced manufacturing facilities, which are expected to contribute to a 2% to 3% annual load growth through 2029.

Evergy, Inc. is an American investor-owned utility that operates as a vertically integrated, regulated electric utility, primarily engaged in the generation, transmission, and distribution of electricity to approximately 1.7 million customers. The company provides clean, safe, and reliable electricity, along with grid operations, customer service, and outage restoration. Evergy manages a diverse portfolio of power plants and is transitioning towards cleaner energy sources, with approximately half of its power coming from carbon-free sources.

Evergy's service territory spans eastern Kansas and western Missouri, covering an area of 28,130 square miles, serving over 1.7 million customers. The company maintains dual headquarters in Topeka, Kansas, and Kansas City, Missouri, with major operating subsidiaries including Evergy Metro, Evergy Kansas Central, and Evergy Missouri West.

Evergy maintains a brand reputation focused on delivering clean, safe, and reliable energy, with a strong commitment to sustainability and grid modernization. The company is recognized for its efforts in transitioning to cleaner energy sources and is one of the largest wind energy suppliers in the US. Evergy has been actively investing in its grid infrastructure to improve reliability and integrate renewable resources, and emphasizes its role in economic development within its service areas. There were no specific negative events significantly impacting Evergy's brand reputation reported in the past year.

Institutional investors hold a significant majority of Evergy, Inc.'s shares, ranging from 86% to 89% of the company, making the stock price sensitive to their trading actions. The largest institutional shareholders include Vanguard Group Inc., BlackRock, Inc., and State Street Corp. The top shareholders collectively control about 51% of the ownership, indicating no single shareholder has a majority interest. The general public holds approximately 11% to 13% of the company's shares, and insiders own under 1%.