--- title: Evergy (EVRG) — intrinsic value and fair price canonical: https://sweetvaluelab.com/stocks/evrg ticker: EVRG as_of: 2026-10-17 sector: Utilities industry: Regulated Electric --- # Evergy (EVRG) Evergy (EVRG) closed at $83.30 on Oct 16, 2026, overvalued by 16% vs its model value of $72.07 (from its own five-year median P/E applied to its earnings). ## Key figures | Figure | Value | | --- | ---: | | Last close | $83.30 (Oct 16, 2026) | | Model value (from its own five-year median P/E applied to its earnings) | $72.07 | | Price vs model | overvalued by 16% vs model | | Range of that model | $66.75 – $78.50 | | Market value | $19.2B | | P/E (fiscal 2025) | 22.8 | | Net margin (fiscal 2025) | 14.5% | | Free cash flow (fiscal 2025) | -$751.7M | | Dividend yield (trailing twelve months) | 3.34% | | Beta | 0.48 | | Cost of capital (WACC) | 6.51% | | Business classification | Dividend Payer (Low/slowing growth (~3% recent), Moderate margins (15% net margin), Strong dividend yield, Highly cyclical earnings, Negative free cash flow) | ## On the stock lists | List | Place | Figure | Page | | --- | ---: | ---: | --- | | Insider buying | #39 | $133,611 | https://sweetvaluelab.com/lists/insider-buying | ## Dividends | Figure | Value | | --- | ---: | | Trailing dividend yield | 3.34% | | Dividends per share, last 12 months | $2.78 | | Coverage | — | | Raised | 22 years in a row | | Growth over 5 years | 5.4% a year | | Latest payment | $0.695, ex-date Aug 18, 2026, paid Sep 18, 2026 | | Year of payments | Dividends per share | | --- | ---: | | To Aug 19, 2021 | $2.14 | | To Aug 18, 2022 | $2.29 | | To Aug 18, 2023 | $2.45 | | To Aug 20, 2024 | $2.57 | | To Aug 22, 2025 | $2.67 | | Trailing twelve months (to Aug 18, 2026) | $2.78 | ## Valuation models Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 17, 2026. | Model | Role | Value per share | Low | High | | --- | --- | ---: | ---: | ---: | | DCF · Perpetuity growth · 5y | cross check | $94.88 | $30.92 | $348.33 | | DCF · Perpetuity growth · 10y | cross check | $109.00 | $41.37 | $380.67 | | DCF · EBITDA exit · 5y | cross check | $145.70 | $71.07 | $234.19 | | DCF · EBITDA exit · 10y | cross check | $153.96 | $74.04 | $262.63 | | P/E · peers | cross check | $74.17 | $57.42 | $91.53 | | P/E · own history | primary | $72.07 | $66.75 | $78.50 | | PEG | sanity check | $57.30 | $57.30 | $57.30 | | EV/EBITDA · peers | cross check | $78.65 | $55.07 | $96.42 | | EV/Revenue · peers | cross check | $47.30 | $27.78 | $68.48 | | Earnings power value | cross check | $0.00 | $0.00 | $0.00 | | Dividend discount | cross check | $64.04 | $42.48 | $113.16 | ## Insider activity (SEC Form 4) Past 90 days: 7 open-market buys ($133,610.9) and 0 open-market sales ($0); 10b5-1 plan sales included. | Date | Insider | Relationship | Transaction | Shares | Value | | --- | --- | --- | --- | ---: | ---: | | Oct 7, 2026 | Caisley Charles A. | EVP & CHIEF CUST OFFCR | Option/RSU exercise | 1,764 | $0 | | Oct 7, 2026 | Caisley Charles A. | EVP & CHIEF CUST OFFCR | Tax withholding | 787 | $63,196.1 | | Oct 7, 2026 | Caisley Charles A. | EVP & CHIEF CUST OFFCR | Option/RSU exercise | 1,764 | $0 | | Jun 15, 2026 | Caisley Charles A. | EVP & CHIEF CUST OFFCR | Open-market sell | 1,198 | $99,985.1 | | Oct 1, 2026 | Buckler William Bryan | EVP - Chief Financial Officer | Option/RSU exercise | 15,880 | $0 | ## Recent SEC filings | Filed | Form | What | Filing | | --- | --- | --- | --- | | Sep 16, 2026 | 8-K | 8.01 Other Events; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1711269/000119312526393088/d504888d8k.htm | | Aug 24, 2026 | 8-K | 1.02 Termination of a Material Agreement; 8.01 Other Events; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1711269/000119312526363625/d417229d8k.htm | | Aug 17, 2026 | 424B5 | Prospectus supplement | https://www.sec.gov/Archives/edgar/data/1711269/000119312526353300/d19416d424b5.htm | | Aug 6, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/1711269/000171126926000100/evrg-20260630.htm | | Aug 6, 2026 | 8-K | 2.02 Results of Operations (Earnings); 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1711269/000119312526336661/d55157d8k.htm | ## Superinvestors holding it (latest 13F) | Manager | Quarter | Shares | Value | | --- | --- | ---: | ---: | | Bridgewater | 2026-06-30 | 168,059 | $14.5M | 1 tracked managers in all. ## About 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, m… --- Source: https://sweetvaluelab.com/stocks/evrg (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.