BMO cuts target for Evergy stock to USD 85.00 from USD 89.00

Published on 10/17/2026 at 19:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue was USD 1.50 billion in 2026. Evergy stock closed at USD 83.30 on October 16, 2026, up 2.12 percent on Nasdaq.

Analyst target and reporting date

On October 13, 2026, BMO Capital Markets lowered its Evergy target from USD 89.00 to USD 85.00.
Evergy reported USD 1.50 billion in revenue for the second quarter of 2026.
Evergy stock closed at USD 83.30 on October 16, 2026 at 4:00 p.m. EDT, up 2.12 percent on Nasdaq against the prior close.
Evergy will release its third-quarter 2026 results on November 5, 2026.

Fotorealistisches Evergy-Umspannwerk bei Sonnenaufgang in der Kansas-Ebene — Evergy Umspannwerk US30034W1064 bei goldenem Morgenlicht über der flachen Kansas-Prärie mit Hochspannungsmasten, Illustration mit AI erstellt.

BMO Capital Markets maintained its Outperform rating on Evergy and lowered its price target from USD 89.00 to USD 85.00 on October 13, 2026, according to The Globe and Mail. The revised target stood 2.04 percent above Evergy's USD 83.30 closing price on Nasdaq on October 16, 2026 at 4:00 p.m. EDT, when the stock gained 2.12 percent against the prior close.

Evergy revenue reached USD 1.50 billion

Evergy's second-quarter 2026 revenue reached USD 1.50 billion, while earnings per share came to USD 0.88, according to JrHisse. The revenue figure was higher than the USD 1.36 billion estimate cited in the company's recent coverage, giving the utility a quantified operating marker ahead of its next report.

Price sits 6.00 percent below high

Evergy closed at USD 83.30 on Nasdaq on October 16, 2026, placing the stock 6.00 percent below its USD 88.62 52-week high and 16.65 percent above its USD 71.41 low. The latest session gain of 2.12 percent was larger than NextEra Energy's 1.06 percent increase but close to Duke Energy's 2.18 percent rise.

Valuation and November 5 date

Evergy's market capitalization was USD 19.2 billion, with a price-to-earnings ratio of 21.09 and a dividend yield of 3.00 percent as of October 16, 2026. The next scheduled reporting date is November 5, 2026, when Evergy will publish third-quarter results before the market opens and hold its conference call, as stated in the Evergy release dated October 15, 2026.

Comparison with peers

Evergy (Nasdaq, USD): plus 2.12 percent, P/E 21.09, market capitalization USD 19.2 billion.
NextEra Energy (NYSE, USD): plus 1.06 percent, P/E 17.89, market capitalization USD 166.5 billion.
Duke Energy (NYSE, USD): plus 2.18 percent, P/E 18.24, market capitalization USD 94.7 billion.

Stock position after October 16

Evergy's valuation sits between the two peer multiples, while its market value remains far below NextEra Energy's and Duke Energy's. The November reporting date is the next scheduled point at which investors can test the target revision against operating performance.

Market context: Market report S&P 500.

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