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Evergy, Inc. — Intrinsic Value & Fair Price

EVRG
NASDAQUtilitiesRegulated ElectricCIK 0001711269investors.evergy.comAbout EVRG
Last close · Oct 16, 202683.30+1.73 (+2.12%)
Market cap$19.2B
Model value · P/E · own history
72.07
Evergy closed at $83.30 — overvalued by 16% vs model.
66.75the model's range78.50

P/E · own history leads for a regulated utility. From its own five-year median P/E applied to its earnings.

Other models
47.30 – 153.96
Wall St. target
85.00 2% below
Above model, 1y
17 of 20 days

Price and model value

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What the marks mean
Daily close

Dividends

Quarterly · as of Oct 16, 2026
Yield, trailing 12 months
3.34%
Past 2 years
low 3.12%high 4.44%
Dividends per share, a year at a time
$2.14Aug ’21$2.29Aug ’22$2.45Aug ’23$2.57Aug ’24$2.67Aug ’25$2.78TTM
Coverage
—
Raised
22 years in a row
Growth, 5 yrs
5.4% a year
Last change
+4.1% · Nov 2025
Every payment, with ex-dates · latest $0.695, paid Sep 18, 2026

Research on EVRG

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How it is valued

Valued asRegulated utility
Low/slowing growth (~3% recent)Moderate margins (15% net margin)Strong dividend yieldHighly cyclical earningsNegative free cash flow
What growth the price implies: the reverse DCF

Key figures

FY2025 · chosen for utilities
P/E
22.8×
EV / EBITDA
12.9×
FCF yield
-3.9%
Dividend yield, TTM
3.34%
Beta
0.48
Cost of capital (WACC)
6.51%
On the lists: #39 Insider buying
Full financials

Analyst actions

third-party, quoted
10-13BMO Capital · target85.00
10-13D.A. Davidson · target85.00
07-23BTIG · target97.00
02-13UBS · “Neutral” from “Buy”downgrade
Ratings, targets and estimates

The weekly

One email a week across every stock we cover: 13F filings, insider trades, earnings and new research. It covers the whole market, not just EVRG. No account.

About Evergy

Evergy, Inc., along with its subsidiaries, operates as an integrated electric utility, focusing on the production, conveyance, distribution, and direct sale of power throughout Kansas and Missouri in the United States. The company's electricity generation relies on a diverse energy mix, utilizing sources such as coal, hydroelectric, landfill gas, uranium, natural gas, and oil, alongside a growing portfolio of renewables like solar and wind energy. Supporting its operations, Evergy maintains a robust infrastructure, which includes roughly 10,100 circuit miles of high-voltage transmission lines, about 39,800 circuit miles of overhead distribution lines, and an additional 13,000 circuit miles of underground distribution networks. It provides service to a substantial customer base of approximately 1,620,400, encompassing residential consumers, commercial enterprises, industrial facilities, municipal entities, and fellow electric utilities. Evergy, Inc. was founded in 2017 and has its main corporate headquarters situated in Kansas City, Missouri.

CEO
David A. Campbell
Headquarters
Kansas City, MO
Employees
4,691
IPO
2018-06-04
Full company profile

Model estimates for research reference only, not investment advice. Every model rests on assumptions that may not match what happens; the formulas are in how we value a stock.