New Analyst Forecast: $EVRG Given $78.0 Price Target

Jefferies initiated a $78.0 price target for EVRG, aligning with the median target from three analysts over the last six months; however, congressional disclosures reveal one recent sale of EVRG stock by Representative Dan Newhouse. Institutional investor activity in Q1 2025 was mixed, with 438 firms increasing positions, including FMR LLC adding 2,183,672 shares, while 336 firms decreased positions, including Millennium Management LLC reducing its holdings by 3,458,360 shares.

Analysis

Analyst outlook for Evergy, Inc. (EVRG) features a median price target of $78.0, reinforced by recent targets from Jefferies (Paul Zimbardo, $78.0 on 06/10/2025) and UBS (William Appicelli, $78.0 on 04/28/2025), with Barclays providing a slightly lower $73.0 target on 04/22/2025. This generally stable analyst view is juxtaposed with a singular instance of congressional selling in the past six months: Representative Dan Newhouse sold up to $15,000 worth of EVRG stock on April 11, with no recorded congressional purchases. Institutional activity in Q1 2025 presents a nuanced picture; while 438 institutions added EVRG shares versus 336 that decreased their positions, there were substantial divestments by key players. Millennium Management LLC notably reduced its holdings by 3,458,360 shares (-85.9%, an estimated $238.5 million), Zimmer Partners, LP cut 2,150,892 shares (-58.0%, ~$148.3 million), Manning & Napier Advisors LLC divested 1,912,471 shares (-99.6%, ~$131.9 million), and ExodusPoint Capital Management, LP sold 1,641,160 shares (-71.0%, ~$113.2 million). Conversely, FMR LLC increased its stake by 2,183,672 shares (+51.4%, ~$150.6 million), and Maple-Brown Abbott LTD added 920,064 shares (~$63.4 million). This mixed institutional sentiment, reflected by a -0.1 sentiment score for EVRG, indicates divided conviction among large investors despite the consistent analyst price targets.

Key Decisions for Investors

• Investors should carefully evaluate the divergence between stable analyst price targets for EVRG, which hover around $78.0, and the significant Q1 2025 divestitures by several prominent institutional investors, including Millennium Management and Zimmer Partners.
• Monitoring subsequent quarterly institutional holding disclosures will be critical to ascertain if the substantial selling pressure from certain large funds continues or if buying activity, such as that from FMR LLC, signals a broader positive shift in institutional sentiment.
• The considerable reductions in institutional ownership by major funds represent a more material signal than the isolated congressional sale and warrant careful consideration for position sizing and risk management strategies concerning EVRG.