Truist Securities Initiates Evergy (EVRG) at Buy

By TradeTexts Research Desk Oct 27, 2026, 8:18 AM EDT

Key Points

Truist Securities set a price target of $97 for Evergy, which is about 14.6% above the recent trading price of $84.61.
Truist Securities's $97 price target implies 14.64% upside from Evergy, Inc.'s ($EVRG) current $84.61 share price.
The stock recently traded about equal to its closing price of $84.61 on October 26, 2026, and is above its 50-day and 200-day moving averages.
Evergy has a market capitalization of approximately $19.5 billion and a P/E ratio of 21.5, reflecting its position in the regulated electric utilities sector.

Get Evergy text alerts

We text you when insiders, Congress, analysts or big funds move on $EVRG.

By entering your mobile number and tapping the sign-up button, you provide express written consent to receive recurring automated text messages from TradeTexts at that number, including stock alerts about SEC filings, insider and congress trades, analyst ratings, hedge fund moves, and earnings results. Consent is not a condition of any purchase. Message frequency varies. Messages are not investment advice. Message and data rates may apply. Reply HELP for help and STOP to opt out at any time. See our Terms and Privacy Policy.

Not investment advice. TradeTexts is not a registered investment adviser, and this automated Evergy, Inc. alert may contain errors. Disclosures

On October 27, 2026, Truist Securities reiterated its Buy rating on Evergy, Inc. (EVRG) and set a price target of $97. This target suggests a potential upside from the stock's recent price of $84.61. The information comes from the firm's research note issued on the same day.

Truist's new target is a part of a broader trend among analysts. On October 22, 2026, TD Cowen and HSBC both initiated coverage on Evergy with a Buy rating, giving price targets of $95 and $92, respectively. Other firms like BMO Capital and Barclays maintained their ratings but adjusted their targets downward in earlier reports.

EVRG Evergy, Inc.

$84.61 +18.72% year to date

Daily close · Oct 26, 2026

Analyst rating track record

Truist Securities vs. the S&P 500

YTD return +1.75% hypothetical

All-time return +1.75% S&P 500 +0.78%

vs. S&P 500 +0.97% ahead of the index

Hypothetical returns from Truist Securities's disclosed trades, not real profit or advice. How we model this.

Other Institutional Activity in Evergy

Franklin Resources, Inc. holds 6,477,686 shares of Evergy, valued at about $548.1 million, having increased its stake by 255,723 shares. Similarly, Federated Hermes, Inc. owns 3,713,776 shares worth approximately $314.2 million, with a minor increase of 1,856 shares.

Evergy, Inc. Stock Up 0.2%

Evergy shares recently traded at $84.61, which is about equal to its closing price of $84.61 on October 26, 2026. The stock is currently above its 50-day moving average by 4.3% and its 200-day moving average by 3.4%. However, it is still below its 52-week high of $88.62 by 4.5%.

12-month forecast

$EVRG price target

Evergy, Inc. daily closes and this analyst's $97 target. Not advice.

Recent Earnings

For the trailing twelve months, Evergy reported revenue of approximately $6.09 billion and earnings per share (EPS) of $3.93. The company has a revenue growth rate of 4.4% year-over-year and a net margin of 15.2%. Its next earnings report is scheduled for November 5, 2026.

Dividend

Evergy pays an annual dividend rate of $2.78 per share, which gives it a dividend yield of 3.29%. The company has a dividend payout ratio of 70%.

Insider Buying and Selling at Evergy, Inc.

Director Sandra A.J. Lawrence sold 1,161 shares on May 29, 2026, valued at about $96,216. She also sold 800 shares on June 3, 2026, worth around $65,374. Officer Charles A. Caisley sold 10,787 shares on June 15, 2026, for about $900,236. However, Director Jonathan D. Rolph bought 1,640 shares on September 11, 2026, valued at roughly $133,611.

Analysts Set New Price Targets

On October 27, 2026, Truist Securities reiterated its Buy rating for Evergy with a price target of $97. This follows other recent analyst actions, with TD Cowen initiating coverage with a Buy rating and a target of $95 on October 22, and HSBC also initiating with a target of $92. The consensus from 13 analysts gives a mean price target of approximately $90.15 for the stock.

About Evergy

Evergy, Inc. is a utility company based in Kansas City, Missouri. It provides electricity generation, transmission, and distribution services across the United States. The company generates power from various sources, including renewable energy, and serves residential, commercial, and industrial customers.

Bottom Line

Investors should keep an eye on Evergy's upcoming earnings report on November 5, 2026, and further analyst updates, especially given the recent price target revisions and analyst coverage. Truist's reiteration of its Buy rating suggests confidence in the company's growth potential despite recent market fluctuations.