Analyzing Evergy (EVRG) & Its Competitors

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

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%

Dividends

Evergy pays an annual dividend of $1.90 per share and has a dividend yield of 2.9%. 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 2.9% and pay out 68.2% 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.

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

Earnings & 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 24.93
Evergy Competitors $8.22 billion $404.02 million 18.79

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.

Risk and Volatility

Evergy has a beta of 0.18, suggesting that its share price is 82% less volatile than the S&P 500. Comparatively, Evergy’s peers have a beta of 0.25, suggesting that their average share price is 75% less volatile than the S&P 500.

Analyst Recommendations

This is a summary of recent recommendations and price targets for Evergy and its peers, as reported by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Evergy 1 2 3 0 2.33
Evergy Competitors 368 1666 1186 13 2.26

Evergy presently has a consensus target price of $65.33, suggesting a potential downside of 1.83%. As a group, “Electric & other services combined” companies have a potential downside of 7.22%. Given Evergy’s stronger consensus rating and higher possible upside, equities analysts plainly believe Evergy is more favorable than its peers.

Summary

Evergy peers beat Evergy on 8 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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