Evergy stock hits 52-week high at 73.43 USD

Evergy (NASDAQ:EVRG) Inc’s stock reached a notable milestone by hitting a 52-week high of $73.43. This achievement underscores a robust performance, with the stock delivering an impressive 29.56% return over the past year and 21.11% year-to-date. According to InvestingPro, the utility company, valued at $16.86 billion, maintains a steady 3.66% dividend yield and has raised its dividend for 21 consecutive years. The upward trajectory reflects investor confidence and favorable market conditions for Evergy, a prominent player in the energy sector. With a P/E ratio of 19.23 and historically low price volatility, the company demonstrates stability. This 52-week high marks a period of sustained growth, positioning Evergy as a noteworthy contender in the industry. InvestingPro analysis reveals 8 additional key insights about Evergy’s financial health and market position in their comprehensive Pro Research Report, available to subscribers.

In other recent news, Evergy reported its Q1 2025 earnings, which showed a mixed performance. The company posted adjusted earnings per share of $0.54, missing the forecasted $0.66. However, Evergy’s revenue surpassed expectations, reaching $1.37 billion compared to the anticipated $1.16 billion. In related developments, Evergy’s Kansas Central unit reached a settlement to increase annual revenue by $128 million, about 65% of its request. This settlement influenced Mizuho (NYSE:MFG) to raise its price target for Evergy from $70 to $74 while maintaining an Outperform rating. Mizuho also noted favorable testimony from the Kansas Corporation Commission Staff, which suggested a revenue requirement of $114 million. UBS maintained its Buy rating on Evergy, with a price target of $78, viewing the Kansas rate case developments as positive. These recent updates reflect the ongoing financial and regulatory activities surrounding Evergy.

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