Evergy (NASDAQ:EVRG) Price Target Raised to $83.00 at Wells Fargo & Company

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

EVRG has been the topic of several other reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Evergy in a research report on Monday, December 29th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $91.00 target price on shares of Evergy in a research note on Friday, January 23rd. Citigroup raised their target price on Evergy from $89.00 to $95.00 and gave the company a “buy” rating in a report on Friday. BMO Capital Markets upped their price target on Evergy from $79.00 to $82.00 and gave the stock an “outperform” rating in a report on Tuesday, January 27th. Finally, Mizuho reaffirmed a “neutral” rating and issued a $76.00 price objective (down previously from $86.00) on shares of Evergy in a research report on Thursday, December 18th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $85.50.

Evergy Trading Up 0.9%

NASDAQ EVRG opened at $80.26 on Friday. The firm has a market capitalization of $18.48 billion, a price-to-earnings ratio of 21.87, a PEG ratio of 3.15 and a beta of 0.66. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.30 and a current ratio of 0.49. Evergy has a one year low of $61.94 and a one year high of $83.19. The company’s 50 day moving average price is $75.73 and its 200 day moving average price is $75.06.

Evergy (NASDAQ:EVRG) last released its quarterly earnings data 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%. On average, sell-side analysts predict 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 paid a $0.695 dividend. The ex-dividend date is Tuesday, March 10th. This represents a $2.78 annualized dividend and a dividend yield of 3.5%. Evergy’s payout ratio is 76.16%.

Institutional Investors Weigh In On Evergy

Hedge funds and other institutional investors have recently bought and sold shares of the business. Brighton Jones LLC acquired a new stake in shares of Evergy during the fourth quarter worth approximately $257,000. United Services Automobile Association bought a new position in Evergy during the 1st quarter valued at $223,000. Empowered Funds LLC boosted its stake in Evergy by 19.5% during the 1st quarter. Empowered Funds LLC now owns 4,648 shares of the company’s stock valued at $320,000 after acquiring an additional 758 shares during the last quarter. Woodline Partners LP grew its holdings in Evergy by 40.7% during the 1st quarter. Woodline Partners LP now owns 19,429 shares of the company’s stock worth $1,340,000 after acquiring an additional 5,618 shares in the last quarter. Finally, Focus Partners Wealth grew its holdings in Evergy by 7.3% during the 1st quarter. Focus Partners Wealth now owns 13,791 shares of the company’s stock worth $951,000 after acquiring an additional 939 shares in the last quarter. 87.24% of the stock is currently owned by hedge funds and other institutional investors.

Evergy News Summary

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.