30 Growing Dividend Stocks with Low PE Ratios

21. Evergy, Inc. (NASDAQ:EVRG)

Forward P/E Ratio as of April 22: 16.67

Evergy, Inc. (NASDAQ:EVRG) ranks 21st on our list of the best growing dividend stocks with low P/E ratios. The Missouri-based electric services company provides electricity generation, transmission, and distribution services to residential, commercial, industrial, and wholesale customers.

With renewed concerns over trade wars and the return of tariff discussions, companies like Evergy, Inc. (NASDAQ:EVRG) stand out as appealing investment options. Electricity isn’t subject to tariffs—it’s a local, essential service that operates independently of global supply chains. This kind of business model tends to remain stable when broader economic conditions become uncertain.

In the fourth quarter of 2024, Evergy, Inc. (NASDAQ:EVRG) reported revenue of $1.26 billion, which showed a 5.85% growth from the same period last year. The revenue also beat analysts’ estimates by $14.6 million. The company is a strong dividend payer, having raised its payouts for 19 consecutive years. It currently offers a quarterly dividend of $0.6675 per share and has a dividend yield of 3.91%, as of April 22.

At the end of Q4 2024, 38 hedge funds tracked by Insider Monkey held stakes in Evergy, Inc. (NASDAQ:EVRG), growing from 30 in the previous quarter. The overall value of these stakes is more than $1.3 billion. With over 4 million shares, Millennium Management was the company’s leading stakeholder in Q4.