BMO Capital Cuts Evergy (EVRG) Price Target to $85

BMO Capital has reaffirmed its Outperform rating on Evergy, setting a price target of $85, a 2.43% upside from the current price.

By EarningsIQ Research Desk · Published Oct 16, 2026, 2:22 PM EDT

Reviewed by automated data checks against the source data. How we make and check alerts

BMO Capital cut its price target on Evergy, Inc. ($EVRG) to $85 from $89 on October 13, 2026, and rates the stock "Outperform".

Since the rating, $EVRG is up 1.4% to date (from the $82.13 close on Oct 13, 2026).

EVRG Evergy, Inc.

$83.30 +16.88% year to date

Daily close · Oct 16, 2026

Key Points

On October 13, 2026, BMO Capital reiterated its Outperform rating on Evergy, Inc. with a new price target of $85, down from $89.
BMO Capital's $85 price target implies 2.43% upside from Evergy, Inc.'s ($EVRG) current $82.98 share price.
As of October 16, 2026, Evergy's stock was recently trading around $82.98, which is about 2.4% below the new analyst target.
Evergy, a regulated electric utility company, is scheduled to report its next earnings on November 5, 2026.

Get $EVRG trade alerts by text

We text you when insiders, Congress or big funds trade $EVRG. Free.

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

BMO Capital has reiterated its Outperform rating on Evergy, Inc. (NasdaqGS: EVRG) and set a new price target of $85 on October 13, 2026. This target is a decrease from the previous target of $89.

Other Institutional Activity in Evergy

Several institutional investors hold significant stakes in Evergy. Blackrock Inc. reported 27,996,513 shares valued at approximately $2.33 billion, having increased its holdings by 2,512,704 shares, a 9.9% rise. State Street Corporation also holds a substantial position with 16,868,189 shares worth about $1.41 billion, reflecting a 2.5% increase with an additional 409,814 shares. Vanguard Capital Management LLC owns 14,657,069 shares valued at around $1.22 billion, adding 111,997 shares, a 0.8% increase. Conversely, Vanguard Portfolio Management LLC reduced its stake by 945,114 shares, bringing its total to 11,329,099 shares worth about $943.7 million, a 7.7% decrease. FMR, LLC also trimmed its position, selling 1,401,217 shares to hold 8,557,681 shares valued at approximately $712.9 million, a 14.1% decrease.

Evergy, Inc. Stock Up 4.0%

Currently, Evergy's stock is trading around $82.98 as of October 16, 2026. This price is below the new target of $85 set by BMO Capital. The stock has been performing in the utilities sector, which is known for stability but can be sensitive to regulatory changes and interest rates.

12-month forecast

$EVRG price target

Evergy, Inc. daily closes and this analyst's $85 target. Not advice.

Recent Earnings

For the trailing twelve months, Evergy reported revenue of approximately $6.09 billion and an earnings per share (EPS) of $3.93. The company has shown a year-over-year revenue growth of 4.4% and a net margin of 15.2%. Evergy is set to announce its next earnings on November 5, 2026.

Insider Buying and Selling at Evergy, Inc.

Insider trading activity at Evergy has seen some notable transactions. On May 29, 2026, Director Sandra A.J. Lawrence sold 1,161 shares valued at $96,216. She sold another 800 shares on June 3, 2026, for $65,374. Officer Charles A Caisley sold 10,787 shares on June 15, 2026, at an average price of $83.46, totaling approximately $900,236. On September 11, 2026, Director Jonathan D Rolph bought 1,640 shares, valued at about $133,611.

Analysts Set New Price Targets

On October 13, 2026, BMO Capital maintained its Outperform rating on Evergy, lowering its price target to $85 from $89. This follows other recent ratings, including Barclays, which maintained an Overweight rating with a target of $94, and Citigroup, which also maintained a Buy rating with a target of $97.

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 through various sources including coal, natural gas, and renewables like solar and wind. This reiteration of the Outperform rating by BMO Capital highlights ongoing confidence in the utility sector's stability and growth potential.

Bottom Line

Investors will be watching Evergy closely as it approaches its next earnings date on November 5, 2026. BMO Capital's recent action reflects their ongoing confidence in the company's performance despite the lowered price target.