Evergy (NASDAQ:EVRG) Price Target Raised to $83.00

Evergy (NASDAQ:EVRG) had its price objective upped by Wells Fargo & Company from $79.00 to $83.00 in a report issued on Friday morning,Benzinga reports. They currently have an equal weight rating on the stock.

Several other research firms have also commented on EVRG. UBS Group lowered Evergy from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $86.00 to $88.00 in a research note on Friday, February 13th. Mizuho reiterated a “neutral” rating and set a $76.00 target price (down from $86.00) on shares of Evergy in a research report on Thursday, December 18th. BMO Capital Markets upped their price target on Evergy from $79.00 to $82.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 27th. Citigroup raised their price objective on Evergy from $89.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Wall Street Zen cut Evergy from a “hold” rating to a “sell” rating in a research report on Monday, December 22nd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Evergy has an average rating of “Moderate Buy” and a consensus price target of $85.50.

Evergy Price Performance

Shares of NASDAQ:EVRG opened at $80.26 on Friday. The firm’s 50 day moving average price is $75.73 and its 200-day moving average price is $75.09. Evergy has a twelve month low of $61.94 and a twelve month high of $83.19. The company has a quick ratio of 0.27, a current ratio of 0.49 and a debt-to-equity ratio of 1.27. The stock has a market capitalization of $18.48 billion, a PE ratio of 21.87, a price-to-earnings-growth ratio of 3.18 and a beta of 0.66.

Evergy (NASDAQ:EVRG) last announced its earnings results on Saturday, January 31st. The company reported $0.42 earnings per share (EPS) for the quarter. Evergy had a net margin of 14.35% and a return on equity of 8.79%. Equities research analysts expect that Evergy will post 3.83 EPS for the current year.

Evergy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Tuesday, March 10th will be issued a $0.695 dividend. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $2.78 dividend on an annualized basis and a yield of 3.5%. Evergy’s payout ratio is currently 75.75%.

Institutional Investors Weigh In On Evergy

A number of institutional investors have recently added to or reduced their stakes in EVRG. Synergy Asset Management LLC boosted its holdings in Evergy by 100.0% in the third quarter. Synergy Asset Management LLC now owns 148,940 shares of the company’s stock worth $11,322,000 after acquiring an additional 74,470 shares in the last quarter. Caprock Group LLC acquired a new position in shares of Evergy during the third quarter valued at about $1,482,000. Kingsview Wealth Management LLC purchased a new position in shares of Evergy in the 2nd quarter valued at approximately $246,000. iA Global Asset Management Inc. boosted its stake in Evergy by 207.0% in the 3rd quarter. iA Global Asset Management Inc. now owns 22,624 shares of the company’s stock worth $1,720,000 after purchasing an additional 15,254 shares in the last quarter. Finally, Davis Capital Management purchased a new stake in Evergy during the 3rd quarter worth approximately $1,379,000. 87.24% of the stock is owned by hedge funds and other institutional investors.

More Evergy News

Here are the key news stories impacting Evergy this week:

• Positive Sentiment: Evergy declared a quarterly dividend of $0.695 per share (annualized yield ~3.5%); record date is March 10 and payment March 20 — supports income investors and buy‑and‑hold demand. BusinessWire release
• Positive Sentiment: Wells Fargo raised its price target from $79 to $83 (maintaining an “equal weight” rating), signaling modest analyst support for upside vs. current levels. Benzinga
• Neutral Sentiment: Revenue beat year‑over‑year in Q4 even as EPS fell short — mixed operational signal: topline growth but margin/earnings pressure. Zacks: Revenues increase Y/Y
• Neutral Sentiment: Evergy unveiled a new five‑year capital spending plan (~$21.6 billion) to meet rising industrial/commercial demand — a long‑term growth push that implies higher near‑term capex and execution risk. Reuters
• Neutral Sentiment: Earnings materials and the full Q4 call transcript were posted (useful for detail on drivers and guidance execution). Earnings call transcript
• Neutral Sentiment: Short‑interest reports in the feed show zero/NaN changes — likely a data/reporting anomaly and not a meaningful short squeeze signal. (No actionable change evident.)
• Negative Sentiment: Q4 EPS missed consensus: $0.42 vs. $0.57 expected, a clear earnings shortfall that weighed on near‑term sentiment. Zacks: Lags Q4 estimates
• Negative Sentiment: FY‑2026 EPS guidance (range $4.14–$4.34) sits slightly below the Street consensus (~$4.28 midpoint), and Reuters flagged forecasts below estimates — a headwind for multiple near‑term valuation assumptions. Reuters

Evergy Company Profile

Evergy, Inc is a regulated electric utility that generates, transmits and distributes electricity to residential, commercial and industrial customers primarily across Kansas and western Missouri. The company provides core utility services including retail electric delivery, grid operations, customer service and outage restoration, operating under state regulatory frameworks. Evergy serves a mix of urban and rural communities, including portions of the Kansas City metropolitan area and other population centers in its service territory.

The company’s business activities span power generation, system planning, transmission and distribution infrastructure, and customer-facing programs such as energy efficiency and demand-side management.