Reviewing Evergy (EVRG) and Its Competitors

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Evergy (NYSE: EVRG) is one of 24 public companies in the “Electric & other services combined” industry, but how does it compare to its peers? We will compare Evergy to related companies based on the strength of its institutional ownership, valuation, dividends, analyst recommendations, profitability, earnings and risk.

Analyst Ratings

This is a summary of current ratings and target prices for Evergy and its peers, as reported by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Evergy 1 3 2 0 2.17
Evergy Competitors 375 1691 1192 13 2.26

Evergy currently has a consensus target price of $66.00, suggesting a potential upside of 3.21%. As a group, “Electric & other services combined” companies have a potential upside of 0.74%. Given Evergy’s higher possible upside, research analysts clearly believe Evergy is more favorable than its peers.

Earnings and Valuation

This table compares Evergy and its peers top-line revenue, earnings per share and valuation.

Gross Revenue Net Income Price/Earnings Ratio
Evergy $4.28 billion $535.80 million 23.95
Evergy Competitors $8.22 billion $404.32 million 17.48

Evergy’s peers have higher revenue, but lower earnings than Evergy. Evergy is trading at a higher price-to-earnings ratio than its peers, indicating that it is currently more expensive than other companies in its industry.

Institutional and Insider Ownership

84.5% of Evergy shares are owned by institutional investors. Comparatively, 71.7% of shares of all “Electric & other services combined” companies are owned by institutional investors. 0.4% of Evergy shares are owned by insiders. Comparatively, 5.6% of shares of all “Electric & other services combined” companies are owned by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock will outperform the market over the long term.

Dividends

Evergy pays an annual dividend of $1.90 per share and has a dividend yield of 3.0%. Evergy pays out 71.2% of its earnings in the form of a dividend. As a group, “Electric & other services combined” companies pay a dividend yield of 3.1% and pay out 63.8% of their earnings in the form of a dividend. Evergy lags its peers as a dividend stock, given its lower dividend yield and higher payout ratio.

Profitability

This table compares Evergy and its peers’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Evergy 11.74% 6.44% 2.42%
Evergy Competitors 5.12% 9.48% 2.62%

Volatility and Risk

Evergy has a beta of 0.16, suggesting that its stock price is 84% less volatile than the S&P 500. Comparatively, Evergy’s peers have a beta of 0.24, suggesting that their average stock price is 76% less volatile than the S&P 500.

Summary

Evergy peers beat Evergy on 10 of the 15 factors compared.

About Evergy

Westar Energy, Inc. engages in the generation, transmission and distribution of electricity in Kansas. It provides electricity to residential, commercial, and industrial customers in the cities of Topeka, Lawrence, Manhattan, Salina, and Hutchinson. The company was founded in 1924 and is headquartered in Topeka, KS.

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