Evergy (NASDAQ:EVRG) Hits New 12-Month High – Still a Buy?
by Kim Johansen · The Markets DailyEvergy Inc. (NASDAQ:EVRG – Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $85.27 and last traded at $85.0740, with a volume of 227981 shares changing hands. The stock had previously closed at $83.44.
Evergy News Summary
Here are the key news stories impacting Evergy this week:
- Positive Sentiment: BTIG Research initiated coverage on EVRG with a “Buy” rating and a $99 price target, implying roughly a mid‑teens upside from current levels — a meaningful new broker endorsement that can attract buyers and support the rally.
- Positive Sentiment: Zacks Research raised multiple near‑term quarterly estimates: Q1 2027 EPS to $0.69 (from $0.68), Q1 2026 to $0.66 (from $0.64) and Q3 2026 to $2.17 (from $2.16). These small but consistent upgrades point to slightly stronger short‑term earnings expectations.
- Positive Sentiment: Zacks also nudged up FY and later‑year forecasts — FY2026 to $4.24 (from $4.22), FY2027 to $4.52 (from $4.50), and FY2028 to $4.90 (from $4.89) — indicating a modest upward revision to Evergy’s multi‑year earnings trajectory versus prior views.
Wall Street Analysts Forecast Growth
EVRG has been the subject of several analyst reports. Royal Bank Of Canada restated an “outperform” rating and issued a $91.00 price objective on shares of Evergy in a research note on Friday, January 23rd. BTIG Research initiated coverage on Evergy in a research note on Thursday. They issued a “buy” rating and a $99.00 price objective for the company. 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. BMO Capital Markets upped their price objective on Evergy from $82.00 to $87.00 and gave the stock an “outperform” rating in a research note on Monday, February 23rd. Finally, Barclays upped their target price on shares of Evergy from $82.00 to $89.00 and gave the stock an “overweight” rating in a report on Monday, March 9th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $89.00.
Get Our Latest Research Report on EVRG
Evergy Stock Up 2.2%
The business has a 50-day moving average price of $81.06 and a 200 day moving average price of $77.43. The company has a current ratio of 0.49, a quick ratio of 0.27 and a debt-to-equity ratio of 1.27. The stock has a market capitalization of $19.63 billion, a P/E ratio of 23.22, a P/E/G ratio of 2.15 and a beta of 0.61.
Evergy (NASDAQ:EVRG – Get Free Report) 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%. On average, equities analysts expect that Evergy Inc. will post 3.83 EPS for the current fiscal year.
Evergy Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Tuesday, March 10th were paid a $0.695 dividend. This represents a $2.78 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Tuesday, March 10th. Evergy’s payout ratio is currently 75.75%.
Insider Buying and Selling
In related news, SVP Heather A. Humphrey sold 3,650 shares of Evergy stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $82.61, for a total value of $301,526.50. Following the sale, the senior vice president directly owned 44,007 shares in the company, valued at approximately $3,635,418.27. The trade was a 7.66% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Charles L. King sold 2,440 shares of the firm’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $82.19, for a total transaction of $200,543.60. Following the completion of the transaction, the senior vice president directly owned 18,359 shares in the company, valued at $1,508,926.21. This trade represents a 11.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 8,937 shares of company stock worth $736,492. Insiders own 1.42% of the company’s stock.
Hedge Funds Weigh In On Evergy
Hedge funds have recently made changes to their positions in the stock. MidFirst Bank acquired a new stake in Evergy in the 4th quarter valued at about $25,000. Harbor Capital Advisors Inc. acquired a new position in shares of Evergy during the 4th quarter worth about $27,000. Accredited Wealth Management LLC boosted its position in shares of Evergy by 1,310.3% during the 3rd quarter. Accredited Wealth Management LLC now owns 409 shares of the company’s stock worth $31,000 after acquiring an additional 380 shares in the last quarter. Prosperity Bancshares Inc acquired a new position in shares of Evergy during the 4th quarter worth about $32,000. Finally, Triumph Capital Management boosted its position in shares of Evergy by 104.8% during the 4th quarter. Triumph Capital Management now owns 508 shares of the company’s stock worth $37,000 after acquiring an additional 260 shares in the last quarter. Hedge funds and other institutional investors own 87.24% of the company’s stock.
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.