Allstate Corp Acquires New Shares in Evergy Inc. $EVRG

Allstate Corp acquired a new position in Evergy Inc. (NASDAQ:EVRG) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 8,219 shares of the company’s stock, valued at approximately $625,000.

Other hedge funds have also bought and sold shares of the company. NorthCrest Asset Manangement LLC grew its stake in shares of Evergy by 2.9% in the third quarter. NorthCrest Asset Manangement LLC now owns 6,076 shares of the company’s stock worth $472,000 after acquiring an additional 170 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in Evergy by 1.5% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 40,876 shares of the company’s stock worth $3,176,000 after purchasing an additional 602 shares during the last quarter. Inspire Advisors LLC boosted its holdings in Evergy by 35.4% in the third quarter. Inspire Advisors LLC now owns 59,018 shares of the company’s stock worth $4,487,000 after purchasing an additional 15,436 shares during the last quarter. Quantum Portfolio Management LLC grew its position in Evergy by 26.8% in the 3rd quarter. Quantum Portfolio Management LLC now owns 5,490 shares of the company’s stock worth $417,000 after purchasing an additional 1,162 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its stake in Evergy by 346.2% during the 3rd 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 last quarter. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Evergy Trading Down 0.9%

Shares of NASDAQ:EVRG opened at $76.23 on Friday. The stock has a 50 day moving average of $74.42 and a 200 day moving average of $73.74. The company has a market cap of $17.55 billion, a PE ratio of 20.88, a price-to-earnings-growth ratio of 3.11 and a beta of 0.67. Evergy Inc. has a 12-month low of $61.94 and a 12-month high of $79.32. The company has a current ratio of 0.52, a quick ratio of 0.30 and a debt-to-equity ratio of 1.20.

Evergy (NASDAQ:EVRG) last released its earnings results on Wednesday, November 5th. The company reported $2.03 EPS for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.11). The firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $2.24 billion. Evergy had a return on equity of 8.66% and a net margin of 14.45%.Evergy’s revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.02 EPS. As a group, equities research analysts expect that Evergy Inc. will post 3.83 EPS for the current year.

Evergy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Friday, November 21st were paid a dividend of $0.695 per share. This is a positive change from Evergy’s previous quarterly dividend of $0.67. The ex-dividend date was Friday, November 21st. This represents a $2.78 dividend on an annualized basis and a dividend yield of 3.6%. Evergy’s dividend payout ratio is presently 76.16%.

Trending Headlines about Evergy

Here are the key news stories impacting Evergy this week:

• Positive Sentiment: Analysts expect a sizable Q4 profit lift — previews note forecasts of a double‑digit profit increase, which could be a catalyst if Evergy delivers or beats. Article Title
• Positive Sentiment: Zacks raised its Q1 2026 EPS estimate to $0.69 (from $0.65), a modest near‑term upgrade that could help sentiment if early quarter commentary or guidance aligns.
• Neutral Sentiment: Market previews (Yahoo/Barchart) highlight the upcoming Q4 release as the main near‑term event — investors are waiting for actual results and management commentary before re‑rating the shares. Article Title
• Negative Sentiment: Zacks issued a series of downward revisions across multiple quarters and FY2027: FY2027 cut to $4.42 from $4.55, Q4 2026 to $0.54, Q4 2027 to $0.60, Q2 2027 to $0.95 and trims to several other quarters (Q3/Q3 2026/2027). These recurring estimate cuts suggest modestly lower medium‑term earnings expectations and are likely the main driver of today’s weakness.

Wall Street Analysts Forecast Growth

EVRG has been the topic of several research analyst reports. Citigroup increased their price target on Evergy from $79.00 to $89.00 and gave the company a “buy” rating in a report on Monday, November 10th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Evergy in a research report on Monday, December 29th. UBS Group raised their target price on Evergy from $81.00 to $83.00 and gave the stock a “buy” rating in a research report on Wednesday, December 17th. Royal Bank Of Canada upgraded Evergy to a “moderate buy” rating in a research note on Tuesday, October 28th. Finally, Wall Street Zen lowered shares of Evergy from a “hold” rating to a “sell” rating in a research report on Monday, December 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Evergy has a consensus rating of “Moderate Buy” and a consensus price target of $83.00.

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.