$EVRG

Evergy Inc. added 250 MW to its growth pipeline and signed a 1.4 GW deal with Digital Realty Trust. CEO David Campbell expects steady ESA agreements through 2028, driving load growth into the 2030s. Q3 net profit rose 29% to $613M, with revenues up to $2.1B. Evergy shares (EVRG) rose 1.4% post-earnings.

Evergy reported Q3 2026 adjusted EPS of $2.58, up from $2.03 in 2025. The company raised its 2026 adjusted EPS guidance to $4.34-$4.50 and declared a $0.7225 quarterly dividend. Results were driven by warmer weather and higher demand, offset by higher expenses. Evergy also announced new electric service agreements and a 1.4 GW project with Digital Realty.

Evergy, a utility company, clarified its policies on serving data centers, stating it has rejected dozens that couldn't meet its requirements. Large data centers must pay premium rates and collateral to ensure reliability and prevent rate impacts on other customers. The rules were established following state legislation and regulatory approvals in Missouri and Kansas.

Truist initiated coverage on Evergy (EVRG) and PPL Corp. (PPL) with Buy ratings and price targets of $97 and $41, respectively, citing growth potential in Q3 and Q4.

Analysts made several calls on Tuesday. DA Davidson upgraded Broadcom to buy, citing its relationship with Anthropic. Loop initiated Trimble at buy, finding it inexpensive. Goldman Sachs raised Apple's price target to $390. RBC initiated Ermenegildo Zegna at outperform. Bank of America added SpaceX to its top picks. Citigroup upgraded MercadoLibre and Ferguson to buy. Bernstein reiterated CoreWeave as underperform but raised its target. Rosenblatt raised Palantir's target to $260.

Evergy Inc (EVRG) shares rose after TD Cowen assigned a Buy rating with a $95 price target, citing a 9.4% CAGR in EPS through 2030. The company's P/S ratio is 3.3x, above its historical median, and its GF Score is 79/100. Insiders have sold more shares than bought, while guru ownership has slightly increased.

HSBC initiated coverage on Evergy (EVRG) with a buy rating and $92 price target, citing 12% rate base growth and 8% EPS growth from 2026-2030. The stock trades at $83.15. Evergy forecasts 40% demand increase by 2030 and $21.6B investment plan. Q2 earnings missed estimates but rose 7.3% YoY. BMO and RBC adjusted targets but maintained outperform ratings.

BMO Capital reduced Evergy's (EVRG) price target to $85 from $89 but kept an Outperform rating. EVRG's Q3 2026 EPS estimate was raised to $2.38, and FY 2026 forecast to $4.34. The company's Q2 EPS was $0.88, missing estimates but up 7.3% YoY. RBC also lowered its target to $93, citing lower peer multiples. EVRG trades at $81.17, with a $18.7B market cap.

RBC Capital reduced its price target for Evergy Inc. (NASDAQ:EVRG) to $93 from $95, citing lower peer multiples, while maintaining an Outperform rating. The firm adjusted its estimates slightly downward but kept 2030 projections 7% above consensus. Evergy's stock has a P/E ratio of 20.51 and is considered overvalued by InvestingPro data. The company reported Q2 adjusted earnings of $0.88 per share, missing estimates but showing a 7.3% year-over-year increase.

Evergy Kansas Central, a subsidiary of Evergy, Inc. (EVRG), issued $350 million in first mortgage bonds with a 5.600% interest rate, maturing in 2034. The bonds are secured by a first mortgage lien on the company's utility properties and were underwritten by PNC Capital Markets, RBC Capital Markets, Truist Securities, and U.S. Bancorp Investments. The issuance extends the subsidiary's debt maturity profile.