BTIG Research Begins Coverage on Evergy (NASDAQ:EVRG)

Stock analysts at BTIG Research initiated coverage on shares of Evergy (NASDAQ:EVRG) in a research note issued to investors on Thursday, Marketbeat.com reports. The brokerage set a “buy” rating and a $99.00 price target on the stock. BTIG Research’s price target suggests a potential upside of 18.45% from the company’s current price.

EVRG has been the topic of a number of other reports. Royal Bank Of Canada restated an “outperform” rating and set a $91.00 price objective on shares of Evergy in a research report on Friday, January 23rd. Citigroup increased their price target on shares of Evergy from $89.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. UBS Group lowered shares of Evergy from a “buy” rating to a “neutral” rating and increased their price target for the stock from $86.00 to $88.00 in a research report on Friday, February 13th. Mizuho set a $82.00 price target on shares of Evergy in a research report on Monday, February 23rd. Finally, Wells Fargo & Company increased their price target on shares of Evergy from $79.00 to $83.00 and gave the stock an “equal weight” rating in a research report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $89.00.

Evergy Stock Performance

EVRG opened at $83.58 on Thursday. The stock has a market cap of $19.25 billion, a PE ratio of 22.77, a P/E/G ratio of 2.18 and a beta of 0.61. The company has a current ratio of 0.49, a quick ratio of 0.27 and a debt-to-equity ratio of 1.27. Evergy has a 1 year low of $63.29 and a 1 year high of $85.27. The stock’s 50 day simple moving average is $81.36 and its 200-day simple moving average is $77.55.

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 return on equity of 8.79% and a net margin of 14.35%. Sell-side analysts forecast that Evergy will post 3.83 EPS for the current year.

Insider Buying and Selling

In related 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 value of $234,421.98. Following the completion of the transaction, the director owned 2,311 shares of the company’s stock, valued at $190,287.74. This represents a 55.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Heather A. Humphrey sold 3,650 shares of the company’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $82.61, for a total transaction of $301,526.50. Following the sale, the senior vice president directly owned 44,007 shares in the company, valued at $3,635,418.27. This represents a 7.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 8,937 shares of company stock valued at $736,492 over the last quarter. Corporate insiders own 1.52% of the company’s stock.

Institutional Trading of Evergy

Several large investors have recently added to or reduced their stakes in the company. Hsbc Holdings PLC grew its stake in Evergy by 24.2% during the fourth quarter. Hsbc Holdings PLC now owns 1,215,208 shares of the company’s stock worth $88,119,000 after buying an additional 237,046 shares during the last quarter. Rockefeller Capital Management L.P. grew its stake in Evergy by 136.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 11,007 shares of the company’s stock worth $798,000 after buying an additional 6,344 shares during the last quarter. World Investment Advisors grew its stake in Evergy by 72.4% during the fourth quarter. World Investment Advisors now owns 9,106 shares of the company’s stock worth $660,000 after buying an additional 3,824 shares during the last quarter. Corient Private Wealth LLC grew its stake in Evergy by 11.7% during the fourth quarter. Corient Private Wealth LLC now owns 61,487 shares of the company’s stock worth $4,458,000 after buying an additional 6,455 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its stake in Evergy by 2,466.2% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,490 shares of the company’s stock worth $253,000 after buying an additional 3,354 shares during the last quarter. 87.24% of the stock is owned by institutional investors.

Key Headlines Impacting Evergy

Here are the key news stories impacting Evergy this week:

• Positive Sentiment: BTIG initiated coverage with a “Buy” rating and a $99 price target (roughly +18% upside vs. current levels), giving investors a clear bullish analyst catalyst. Evergy (NASDAQ:EVRG) Now Covered by BTIG Research
• Positive Sentiment: Zacks Research nudged up near‑term and full‑year EPS estimates (examples cited: Q1 2026/2027 and Q3 2026 increases; FY2026 raised to $4.24), which supports modest upward revisions to earnings expectations and can justify a higher multiple over time. Zacks estimates summary
• Neutral Sentiment: Research writeups compiling analyst Q4 expectations have been published, helping set the near‑term earnings narrative but not introducing major new surprises. Investors will watch upcoming official Q4 results for confirmation. Research Analysts Set Expectations for Evergy Q4 Earnings
• Neutral Sentiment: Context: the stock is trading near its 50‑ and 200‑day moving averages with below‑average intraday volume, and a mid‑20s PE — analyst upgrades provide upside rationale, but muted volume and valuation mean moves may be gradual rather than immediate.

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.