Stock Price & Analysis

Analysis and Insights

To determine whether to buy or sell EVRG stock, we analyze both technical and fundamental factors.

Technical Analysis:

EVRG's stock price is currently around $65.75. The stock has shown some volatility, with a pre-market increase of 0.04%, a regular market decrease of 1.12%, and a post-market rise of 1.06%. This indicates some investor activity outside regular hours.

The Relative Strength Index (RSI) values for 6, 12, and 14 periods are 22.64, 38.27, and 41.24 respectively. The RSI-14 is above 30 but below 50, suggesting the stock is not oversold but is in a bearish range. The Stochastic Oscillator readings are also relatively low, which could indicate a potential buy signal if they start to rise.

The MACD is slightly positive at 0.48, with the MACD Histogram showing a small increase, suggesting some bullish momentum, though not very strong. The moving averages, especially the SMA-20 and SMA-50, are above the current price, indicating a short-term downtrend.

Fundamental Analysis:

EVRG has a market cap of $15 billion and has outperformed the broader market with a 34.1% gain over the past year. The company's Q3 earnings were strong, with revenue of $1.81 billion and an EPS of $2.02, beating expectations. The consensus rating is a "Moderate Buy" with a mean price target of $67.45, slightly above the current price.

Analysts have been positive, with several upgrades and price target increases. The company's capital investment plan and growth in renewable energy projects are promising. However, risks related to weather variability and execution challenges could impact short-term performance.

Analyst Sentiment:

The consensus rating is a "Moderate Buy" with a mean price target of $67.45. Analysts have highlighted EVRG's strong earnings growth, favorable regulatory environment, and strategic investments in grid modernization and renewable energy.

Conclusion:

While there are some bearish signals in the short term, the fundamental strength, positive analyst sentiment, and growth prospects suggest that EVRG could be a good hold or buy for those looking for stable returns with some growth potential.

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The price prediction for EVRG stock in 2025 is $70, driven by strong earnings growth and a favorable utilities sector outlook. The stock closed at $65.06 on March 10, 2025, with a neutral RSI of 41.24 and a positive MACD of 0.48, indicating bullish momentum. Analysts highlight EVRG's attractive 4.2% dividend yield and its position in a sector up 26% over the past year, supported by AI and data center demand.

The S1 support level for EVRG Stock is $64.59 ,The R1 resistant level for EVRG Stock is $69.13.

As of the end of day on 2025-03-14, the price of EVRG Stock was $67.45.

The target price for EVRG Stock according to analyst rating is 69.08, with the highest price target at 74.00 and the lowest at 62.00. Analysts have a Strong Buy rating on EVRG Stock overall.

The market cap of EVRG is $15.5B.

Analysis and Insights

EVRG is not overvalued based on current metrics and market trends.

1. Valuation Metrics: EVRG's P/E ratio of 16.25 is below the industry average of 20-25, while its EV/EBITDA of 10.74 aligns with utility sector norms, indicating reasonable pricing.

2. Dividend Yield: The stock offers a competitive 4.22% dividend yield, higher than many peers, attracting income-focused investors.

3. Market Performance: EVRG has outperformed the S&P 500 and its utility peers, driven by strong earnings and a $17.5 billion capital plan focused on grid modernization and renewables.

4. Analyst Sentiment: The "Moderate Buy" consensus and $67.45 mean price target suggest upside potential, reflecting confidence in its growth strategy.

5. Growth Prospects: Management's 4-6% EPS growth target through 2029, supported by large customer projects and regulatory progress, positions EVRG for sustained growth.

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Evergy, Inc. (Evergy) is a utility holding company. The Company operates primarily through its wholly owned subsidiaries, Evergy Kansas Central, Inc. (Evergy Kansas Central), Evergy Metro, Inc. (Evergy Metro), Evergy Missouri West, Inc. (Evergy Missouri West), and Evergy Transmission Company, LLC (Evergy Transmission Company). Evergy Kansas Central is an integrated, regulated electric utility that provides electricity to customers in the state of Kansas. Evergy Metro is an integrated, regulated electric utility that provides electricity to customers in the states of Missouri and Kansas. Evergy Missouri West is an integrated, regulated electric utility that provides electricity to customers in the state of Missouri. Evergy Transmission Company owns 13.5% of Transource Energy, LLC with the remaining 86.5% owned by AEP Transmission Holding Company, LLC. Its customers include residential, commercial, industrial, wholesale, transmission, and other.

Price Prediction for EVRG Stock in 2030

Based on the analysis of Evergy, Inc. (EVRG), the stock is expected to reach a price target of $85 by 2030. This prediction is supported by the company's strong financial performance, growth initiatives, and favorable industry trends.

1. Current Performance and Growth Prospects

   • EVRG has demonstrated robust earnings growth, with a 34.1% gain over the past year, outperforming the broader market and its sector peers.
   • The company's Q3 earnings reported revenue of $1.81 billion and adjusted EPS of $2.02, beating consensus estimates.
   • Evergy has reaffirmed its 2025 EPS guidance of $3.92 to $4.12, showcasing confidence in its growth trajectory.

2. Long-Term Growth Drivers

   • The utility sector is benefiting from the AI-driven demand for power, with the Utilities Select Sector SPDR Fund (XLU) rising 26% over the past year.
   • Evergy's $17.5 billion capital investment plan through 2029, focusing on grid modernization and renewable energy, positions it well for long-term growth.
   • The company's ability to meet growing power demands from data centers and large customers like Google and Meta further supports its bullish outlook.

3. Technical and Fundamental Alignment

   • EVRG's current price of $65.75 is supported by a Fibonacci pivot of $67.18, with resistance levels at $69.45, $70.85, and $73.13.
   • Analysts maintain a "Moderate Buy" rating with a mean price target of $67.45, but long-term tailwinds suggest higher upside potential.

Conclusion

EVRG's strong fundamentals, growth initiatives, and alignment with sector trends make it a compelling investment for long-term growth. The price target of $85 by 2030 reflects a 5-7% annual growth rate, driven by its strategic investments and expanding demand for sustainable energy solutions.

EVRG has a total of 4658 employees.