Most Strategic Ways to Accelerate Your Investment: Evergy, Inc. (NYSE: EVRG)

On 30 Dec 2019, Evergy, Inc. (NYSE: EVRG) stock observed trading -5.28% off 52-week high price. On the other end, the stock has been noted 17.70% away from low price over the last 52-weeks. The stock disclosed a move of 1.12% away from 50 day moving average and 4.28% away from 200 day moving average. Moving closer, we can see that shares have been trading 1.52% off 20-day moving average. The USA based company Evergy, Inc. moved with change of 0.25% to $64.23 with the total traded volume of 998023 shares in recent session versus to an average volume of 2094.9K.

Evergy, Inc. (EVRG) recently reported third quarter 2019 earnings of $367M, or $1.56 per share, contrast with earnings of $355M, or $1.32 per share, for the third quarter of 2018.

Third quarter earnings were driven by higher gross margins, due primarily to favorable weather and new retail rates net of the 2018 provision for rate refund for the lower corporate tax rate, and fewer shares outstanding. These gains were partially offset by higher depreciation expense and unfavorable regulatory outcomes.

Evergy reaffirmed its guidance for 2019 adjusted earnings of $2.80 to $3.00 per share. A reconciliation of this guidance to GAAP guidance is included in the presentation that accompanies the earnings call. Additionally, Evergy increased its dividend to $2.02 per share on an annualized basis.

“Evergy delivered another solid quarter and continues to be on track for the year, despite regulatory headwinds,” stated Terry Bassham, Evergy president and chief executive officer. “Additionally, we have increased our dividend by 6.3%, consistent with our long-term dividend growth guidance. We remain focused on executing our operating priorities and realizing the benefits of our merger completed last year, which we are confident will drive sustainable value creation.”

Dividend Declaration

The Board of Directors reported a dividend on the Company’s ordinary stock of $0.505 per share payable on December 20, 2019. The dividends are payable to shareholders of record as of November 27, 2019.

EVRG’s shares are at -3.50% for the quarter and driving a 13.62% return over the course of the past year and is now at 13.14% since this point in 2018.  Right now, the stock beta is 0.14. The average volatility for the week and month was at 0.86% and 1.22% respectively. There are 234.6M shares outstanding and 227.24M shares are floated in market.

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