BTIG Research Initiates Coverage on Evergy (NASDAQ:EVRG)

Equities research analysts at BTIG Research started coverage on shares of Evergy (NASDAQ:EVRG) in a research note issued to investors on Thursday. The brokerage set a “buy” rating and a $99.00 price target on the stock. BTIG Research’s price objective would suggest a potential upside of 18.65% from the stock’s current price.

Several other equities analysts also recently commented on EVRG. Barclays upped their price objective on Evergy from $82.00 to $89.00 and gave the company an “overweight” rating in a research report on Monday, March 9th. Wells Fargo & Company boosted their target price on shares of Evergy from $79.00 to $83.00 and gave the company an “equal weight” rating in a research note on Friday, February 20th. Citigroup upped their price target on shares of Evergy from $89.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $91.00 price target on shares of Evergy in a research note on Friday, January 23rd. Finally, UBS Group lowered shares of Evergy from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $86.00 to $88.00 in a report on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $89.00.

Evergy Stock Up 0.7%

Shares of NASDAQ:EVRG opened at $83.44 on Thursday. Evergy has a 1 year low of $61.94 and a 1 year high of $85.23. The business has a 50 day simple moving average of $81.06 and a two-hundred day simple moving average of $77.43. The firm has a market capitalization of $19.21 billion, a PE ratio of 22.74, a price-to-earnings-growth ratio of 2.15 and a beta of 0.61. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.49 and a quick ratio of 0.27.

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

Insider Activity at Evergy

In other Evergy news, Director Ann D. Murtlow sold 2,847 shares of the stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $82.34, for a total transaction of $234,421.98. Following the transaction, the director directly owned 2,311 shares in the company, valued at $190,287.74. This represents a 55.20% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Heather A. Humphrey sold 3,650 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $82.61, for a total transaction of $301,526.50. Following the transaction, the senior vice president directly owned 44,007 shares in the company, valued at $3,635,418.27. This trade represents a 7.66% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 8,937 shares of company stock worth $736,492 over the last three months. 1.42% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Evergy

Several hedge funds have recently modified their holdings of EVRG. Massachusetts Financial Services Co. MA increased its holdings in Evergy by 346.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,046,787 shares of the company’s stock valued at $155,597,000 after buying an additional 1,588,100 shares during the period. Assenagon Asset Management S.A. lifted its holdings in Evergy by 969.3% during the third quarter. Assenagon Asset Management S.A. now owns 1,329,424 shares of the company’s stock worth $101,063,000 after buying an additional 1,205,101 shares during the period. Adage Capital Partners GP L.L.C. lifted its holdings in Evergy by 476.6% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 1,207,882 shares of the company’s stock worth $87,559,000 after buying an additional 998,400 shares during the period. ANTIPODES PARTNERS Ltd bought a new stake in Evergy during the 3rd quarter valued at $72,860,000. Finally, Truist Financial Corp boosted its position in Evergy by 169.2% during the 3rd quarter. Truist Financial Corp now owns 1,438,958 shares of the company’s stock valued at $109,390,000 after acquiring an additional 904,400 shares in the last quarter. Hedge funds and other institutional investors own 87.24% of the company’s stock.

More Evergy News

Here are the key news stories impacting Evergy this week:

• Positive Sentiment: Zacks nudged near‑term quarterly forecasts up: Q1 2026 to $0.66 (from $0.64) and Q1 2027 to $0.69 (from $0.68). These incremental increases tighten near‑term earnings visibility and reduce downside surprise risk. MarketBeat EVRG
• Positive Sentiment: Zacks also raised mid/late‑year quarter estimates: Q3 2026 to $2.17 (from $2.16) and Q4 2026 to $0.55 (from $0.54), plus Q4 2027 to $0.66 (from $0.65). Upward tweaks across multiple quarters imply a modestly stronger operating trajectory. MarketBeat EVRG
• Positive Sentiment: Material lift to multi‑year EPS: Zacks raised FY2026 to $4.24 (from $4.22), FY2027 to $4.52 (from $4.50) and FY2028 to $4.90 (from $4.89). Those estimates sit above the cited current consensus of $3.83, signaling a more favorable longer‑term earnings outlook from this analyst. MarketBeat EVRG
• Positive Sentiment: Investor takeaway: revisions are small in absolute terms but broad‑based and consistent — a positive near‑term catalyst for sentiment-sensitive utility shares like EVRG, especially as the stock trades near its 52‑week high and at a modest premium (P/E ~22.7). Monitor upcoming actual results and guidance to see if the trend continues. MarketBeat EVRG

About Evergy

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.