Wells Fargo & Company Forecasts Strong Price Appreciation for Evergy (NASDAQ:EVRG) Stock

Evergy (NASDAQ:EVRG) had its price objective hoisted by equities research analysts at Wells Fargo & Company from $79.00 to $83.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target points to a potential upside of 3.41% from the stock’s current price.

Other analysts also recently issued research reports about the company. Mizuho restated a “neutral” rating and issued a $76.00 target price (down previously from $86.00) on shares of Evergy in a research report on Thursday, December 18th. Wall Street Zen lowered shares of Evergy from a “hold” rating to a “sell” rating in a report on Monday, December 22nd. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $91.00 price objective on shares of Evergy in a research note on Friday, January 23rd. BMO Capital Markets lifted their target price on shares of Evergy from $79.00 to $82.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 27th. Finally, UBS Group lowered shares of Evergy from a “buy” rating to a “neutral” rating and upped their price target for the company from $86.00 to $88.00 in a research report on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $85.50.

Evergy Stock Performance

NASDAQ EVRG opened at $80.26 on Friday. Evergy has a 52-week low of $61.94 and a 52-week high of $83.19. The company has a fifty day moving average of $75.73 and a 200-day moving average of $75.07. The company has a market capitalization of $18.48 billion, a P/E ratio of 21.87, a P/E/G ratio of 3.18 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 (NASDAQ:EVRG) last released its quarterly earnings results on Saturday, January 31st. The company reported $0.42 earnings per share for the quarter. Evergy had a return on equity of 8.79% and a net margin of 14.35%. As a group, equities research analysts predict that Evergy will post 3.83 EPS for the current fiscal year.

Institutional Trading of Evergy

A number of institutional investors have recently modified their holdings of EVRG. Compound Planning Inc. increased its holdings in Evergy by 6.2% during the 4th quarter. Compound Planning Inc. now owns 8,472 shares of the company’s stock valued at $614,000 after purchasing an additional 498 shares during the period. Corient Private Wealth LLC grew its position in shares of Evergy by 80.5% in the 4th quarter. Corient Private Wealth LLC now owns 99,355 shares of the company’s stock worth $7,202,000 after buying an additional 44,323 shares during the last quarter. Alpine Woods Capital Investors LLC increased its stake in shares of Evergy by 15.9% during the fourth quarter. Alpine Woods Capital Investors LLC now owns 66,729 shares of the company’s stock valued at $4,837,000 after buying an additional 9,168 shares during the period. Mercer Global Advisors Inc. ADV raised its holdings in shares of Evergy by 2.3% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 292,628 shares of the company’s stock valued at $21,213,000 after acquiring an additional 6,675 shares in the last quarter. Finally, Summit Global Investments lifted its stake in Evergy by 60.5% in the fourth quarter. Summit Global Investments now owns 65,197 shares of the company’s stock worth $4,726,000 after acquiring an additional 24,587 shares during the period. 87.24% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Evergy

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

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.