TD Cowen Initiates Evergy (EVRG) at Buy

On October 22, 2026, TD Cowen initiated coverage on Evergy, Inc. EVRG with a Buy rating and a price target of $95. According to the firm's research note, the new coverage places an optimistic view on the utility provider as shares change hands below Wall Street's average expectations.

EVRG Evergy, Inc.

$83.15 ▲ +16.67% year to date

1M 3M YTD

Daily close · Oct 21, 2026

TD Cowen's Call on Evergy, Inc.

On October 22, 2026, TD Cowen issued its initial stance on the stock, setting a $95 price target alongside a Buy rating. The target sits above the company's recent trading levels and aligns with a broader group of 13 analyst opinions currently tracked on the stock, which feature a consensus buy recommendation.

Other Institutional Activity in Evergy, Inc.

Franklin Resources, Inc. grew its holdings by 255,723 shares, ending with 6,477,686 shares worth about $547,364,467 in its report filed for the period ended June 30, 2026. Federated Hermes, Inc. added 1,856 shares for a 0.1% increase, wrapping up the period with 3,713,776 shares valued at roughly $313,814,072.

Evergy, Inc. Stock Up 1.1%

Evergy shares recently traded around $84.04 as of October 22, 2026, while the stock closed at $84.50 on the day of the rating change. The recent price sits above both its 50-day moving average of $81.08 and its 200-day moving average of $81.65. The stock has traded between a 52-week low of $71.41 and a 52-week high of $88.62.

Recent Earnings

Evergy reported trailing twelve-month revenue of $6.09 billion alongside earnings of $3.93 per share. The company posted a net profit margin of 15.2% and a return on equity of 9.3%. Investors look ahead to the company's next earnings release, scheduled for November 5, 2026.

Dividend

The company pays an annual dividend rate of $2.78 per share, giving it a dividend yield of 3.34%. Evergy maintains a dividend payout ratio of 70.0% based on its recent profit levels.

Insider Buying and Selling at Evergy, Inc.

Corporate insiders have adjusted their holdings in recent months ahead of the analyst update. Director Sandra A.J. Lawrence disposed of 800 shares on June 3, 2026, valued at $65,374. Later, on June 15, 2026, EVP & Chief Customer Officer Charles Caisley sold 10,787 shares at an average price of $83.46, totaling $900,283.02. Additionally, Director Jonathan D. Rolph picked up 1,640 shares on September 11, 2026, worth $133,611.

Analysts Set New Price Targets

Wall Street firms have actively updated their views on the utility provider in recent months. Citigroup maintained a Buy rating while lifting its target to $97 from $95 on July 24, 2026. BMO Capital kept an Outperform rating while trimming its target from $89 to $85 on October 13, 2026. Barclays maintained an Overweight rating and adjusted its target from $92 to $86 on October 19, 2026. Alongside TD Cowen, HSBC also initiated coverage with a Buy rating and a $92 price target on October 22, 2026.

About Evergy, Inc.

Evergy, Inc. generates, transmits, distributes, and sells electricity to residential, commercial, industrial, and municipal customers across parts of the United States. Headquartered in Kansas City, Missouri, the regulated electric utility utilizes a mix of coal, natural gas, nuclear, and renewable sources like wind and solar to power its service territory.

Bottom Line

TD Cowen's new coverage adds to a generally favorable Wall Street outlook as Evergy approaches its upcoming earnings report on November 5, 2026. Investors will watch whether upcoming financial results support the $95 price target.