Evergy's Growth Targets Reaffirmed Amid Dividend Declaration

Evergy EVRG reported second-quarter 2026 results on August 5, with adjusted earnings of $209 million, or $0.88 per share, up from $0.82 a year earlier. The Kansas-based utility reaffirmed its full-year 2026 adjusted EPS guidance of $4.14 to $4.34 and its long-term target of 6% to 8%-plus annual EPS growth through 2030 from the 2026 midpoint of $4.24, with growth expected to exceed 8% starting in 2028.

Alongside the results, Evergy's board declared a quarterly dividend of $0.695 per share, payable September 18 to shareholders of record as of August 18, continuing steady payouts even as the company funds a capital program tied to rising data-center demand across its Kansas and Missouri service territories.

Some analysts have flagged the stock as undervalued relative to peers, with estimates ranging from roughly 8% to 16% below fair value, and BTIG has maintained a Buy rating with a $97 price target. The combination of reaffirmed growth targets, a growing data-center pipeline, and a valuation gap versus peers could keep the stock in focus, though regulatory outcomes on pending rate cases and the pace of large-load customer additions remain key variables for whether that gap closes.

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