Massachusetts Financial Services Co. MA Reduces Holdings in Evergy Inc. $EVRG

Key Points

• Massachusetts Financial Services Co. reduced its Evergy stake by 2.6% in Q4, selling 53,508 shares to hold 1,993,279 shares valued at about $144.5 million (0.87% ownership).
• Analysts have grown more bullish recently — BTIG initiated coverage with a Buy and $99 target, Barclays and Citigroup raised targets, and the consensus rating is a Moderate Buy with an average target of $89.
• Insiders sold 8,937 shares in the last quarter (roughly $736,492), while Evergy pays a quarterly dividend of $0.695 (annualized $2.78) representing a 3.3% yield and a payout ratio near 76%.

Massachusetts Financial Services Co. MA decreased its position in Evergy Inc. (NASDAQ:EVRG - Free Report) by 2.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,993,279 shares of the company's stock after selling 53,508 shares during the period. Massachusetts Financial Services Co. MA owned 0.87% of Evergy worth $144,493,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Synergy Asset Management LLC grew its stake in shares of Evergy by 100.0% in the 3rd quarter. Synergy Asset Management LLC now owns 148,940 shares of the company's stock valued at $11,322,000 after buying an additional 74,470 shares during the period. Caprock Group LLC purchased a new position in Evergy during the third quarter worth about $1,482,000. ANTIPODES PARTNERS Ltd purchased a new position in Evergy during the third quarter worth about $72,860,000. Oppenheimer Asset Management Inc. boosted its stake in Evergy by 9.9% during the third quarter. Oppenheimer Asset Management Inc. now owns 209,307 shares of the company's stock worth $15,912,000 after buying an additional 18,783 shares during the period. Finally, iA Global Asset Management Inc. boosted its stake in Evergy by 207.0% during the third quarter. iA Global Asset Management Inc. now owns 22,624 shares of the company's stock worth $1,720,000 after buying an additional 15,254 shares during the period. Hedge funds and other institutional investors own 87.24% of the company's stock.

Key Evergy News

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.

Analyst Ratings Changes

EVRG has been the subject of several research analyst reports. Barclays increased their target price on shares of Evergy from $82.00 to $89.00 and gave the stock an "overweight" rating in a research note on Monday, March 9th. Citigroup increased their target price on shares of Evergy from $89.00 to $95.00 and gave the stock a "buy" rating in a research note on Friday, February 20th. Wall Street Zen raised shares of Evergy from a "sell" rating to a "hold" rating in a research note on Saturday, February 21st. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Evergy in a research note on Monday, December 29th. Finally, Wells Fargo & Company increased their target price on shares of Evergy from $79.00 to $83.00 and gave the stock an "equal weight" rating in a research note on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $89.00.

Insider Transactions at Evergy

In other news, SVP Heather A. Humphrey sold 3,650 shares of the stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $82.61, for a total transaction of $301,526.50. Following the sale, the senior vice president owned 44,007 shares of the company's stock, valued at approximately $3,635,418.27. This represents a 7.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Charles L. King sold 2,440 shares of the stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $82.19, for a total transaction of $200,543.60. Following the sale, the senior vice president directly owned 18,359 shares in the company, valued at $1,508,926.21. This represents a 11.73% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 8,937 shares of company stock valued at $736,492. 1.52% of the stock is currently owned by corporate insiders.

Evergy Price Performance

Shares of EVRG opened at $83.58 on Monday. The stock has a market capitalization of $19.25 billion, a PE ratio of 22.77, a P/E/G ratio of 2.16 and a beta of 0.61. Evergy Inc. has a 1 year low of $63.29 and a 1 year high of $85.27. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.27 and a current ratio of 0.49. The company's 50-day simple moving average is $81.36 and its 200-day simple moving average is $77.61.

Evergy (NASDAQ:EVRG - Get Free Report) last issued its quarterly earnings results on Saturday, January 31st. The company reported $0.42 earnings per share (EPS) for the quarter. Evergy had a net margin of 14.35% and a return on equity of 8.79%. Analysts forecast that Evergy Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Tuesday, March 10th were given a dividend of $0.695 per share. This represents a $2.78 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend was Tuesday, March 10th. Evergy's dividend payout ratio is currently 75.75%.

Evergy 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.

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