Options Trading for Evergy (EVRG) in the First Week of February 2026
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 19 2025
0mins
Should l Buy EVRG?
Source: NASDAQ.COM
Put Contract Overview: The $72.50 put contract has a bid of 20 cents, allowing investors to buy shares at a lower cost basis of $72.30, which is attractive compared to the current price of $73.08. There is a 55% chance the contract may expire worthless, offering a potential 0.28% return on cash commitment.
Call Contract Overview: The $75.00 call contract has a bid of 5 cents, enabling investors to sell shares at that price after purchasing at $73.08. If the stock is called away by February 2026, the total return could be 2.70%, with a 60% chance of the contract expiring worthless, yielding a 0.07% extra return.
Volatility Insights: The implied volatility for the put contract is 18%, while for the call contract it is 21%. The actual trailing twelve-month volatility is calculated at 17%, providing context for the options pricing.
YieldBoost Concept: The article discusses the concept of YieldBoost, which refers to the additional returns generated from options contracts, highlighting the potential benefits of both put and call strategies for investors.
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Analyst Views on EVRG
Wall Street analysts forecast EVRG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EVRG is 83.71 USD with a low forecast of 76.00 USD and a high forecast of 93.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
7 Analyst Rating
5 Buy
2 Hold
0 Sell
Moderate Buy
Current: 77.570
Low
76.00
Averages
83.71
High
93.00
Current: 77.570
Low
76.00
Averages
83.71
High
93.00
About EVRG
Evergy, Inc. is a utility holding company. The Company operates primarily through its wholly owned subsidiaries, Evergy Kansas Central, Inc. (Evergy Kansas Central); Evergy Metro, Inc. (Evergy Metro); Evergy Missouri West, Inc. (Evergy Missouri West), and Evergy Transmission Company, LLC (Evergy Transmission Company). Evergy Kansas Central is an integrated, regulated electric utility that provides electricity to customers in the state of Kansas. Evergy Metro is an integrated, regulated electric utility that provides electricity to customers in the states of Missouri and Kansas. Evergy Missouri West is an integrated, regulated electric utility that provides electricity to customers in the state of Missouri. Evergy Transmission Company owns 13.5% of Transource Energy, LLC (Transource) with the remaining 86.5% owned by AEP Transmission Holding Company, LLC. Transource is focused on the development of competitive electric transmission projects.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Earnings Release Schedule: Evergy, Inc. will announce its Q4 2025 earnings before market open on February 19, 2026, reflecting the company's ongoing performance and developments in the energy sector.
- Conference Call Details: The company plans to host a quarterly conference call at 9:00 AM Eastern on the same day, requiring analysts to register in advance to obtain dial-in information, ensuring timely and accurate communication of results.
- Supplemental Financial Information: Following the earnings release, Evergy will provide supplemental financial information related to its Q4 2025 performance on its website, enhancing transparency and supporting investor decision-making.
- Company Mission and Vision: Serving 1.7 million customers, Evergy is committed to delivering affordable, reliable, and sustainable energy, aiming to enhance customer energy management experiences through innovation and adaptability, thereby fostering community prosperity and growth.
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- Debt Structure Optimization: Following the repurchase, Evergy will have approximately $1.1559 billion of Convertible Notes outstanding, aiming to improve its capital structure and enhance future financing capabilities by reducing debt burden.
- Market Reaction Expectations: Evergy anticipates that note holders may engage in various derivatives transactions to hedge their exposure, which could lead to stock volatility during the repurchase period, impacting market sentiment.
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- Earnings Release Schedule: Evergy, Inc. will announce its Q4 2025 earnings before market open on February 19, 2026, reflecting the company's ongoing performance and developments in the energy sector.
- Conference Call Details: The company plans to host a quarterly conference call at 9:00 AM Eastern on the same day, requiring analysts to register in advance to obtain dial-in information, ensuring timely and accurate communication of results.
- Supplemental Financial Information: Following the earnings release, Evergy will provide supplemental financial information related to its Q4 2025 performance on its website, enhancing transparency and supporting investor decision-making.
- Company Mission and Vision: Serving 1.7 million customers, Evergy is committed to delivering affordable, reliable, and sustainable energy, aiming to enhance customer energy management experiences through innovation and adaptability, thereby fostering community prosperity and growth.
See More
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- Earnings Momentum Ratings: Among large-cap utility stocks, Ørsted A/S and National Grid plc received an EPS revision grade of F, indicating significant downward pressure on analyst expectations for future earnings, which could lead to decreased investor confidence.
- Market Focus: Veolia Environnement SA and EDPR, S.A. also received EPS revision grades of F and D, respectively, highlighting that these companies are under greater earnings pressure, potentially impacting their stock performance and market competitiveness.
- Industry Trends: Evergy, Inc. and Duke Energy Corporation received D+ ratings, reflecting a broader weakening of earnings momentum in the utility sector, which may reduce investor interest in this industry.
- Investor Caution: As earnings season unfolds, market scrutiny on utility stocks intensifies, particularly for those with lower ratings, which may prompt investors to reassess associated risks.
See More
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- Oil Price Decline: Over the past year, oil prices have broadly decreased by approximately 20%, primarily due to oversupply in the U.S. and increased production from OPEC, leading to underperformance of energy stocks in 2025, prompting investors to approach the market with caution.
- U.S. Production Dynamics: U.S. oil production peaked in 2014, and despite current prices around $60, many producers can still operate profitably at $40, demonstrating the industry's resilience and adaptability to market conditions.
- Geopolitical Impact: The escalating situation in Venezuela could psychologically affect U.S. oil prices, even though only 3-4% of U.S. oil is imported from there, but market sentiment may still be influenced, particularly regarding investments in companies like Chevron.
- Renewable Energy Challenges: While renewables remained the largest source of new energy in 2025, policy risks and market dynamics have weakened investor confidence in this sector, especially within the U.S. market.
See More
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- Repurchase Agreement: Evergy has entered into agreements to repurchase approximately $302.5 million worth of its 4.50% Convertible Notes, totaling $244.1 million in principal, expected to close shortly after January 7, 2026, enhancing the company's financial flexibility.
- Debt Structure Optimization: Following the repurchase, Evergy will have approximately $1.1559 billion of Convertible Notes outstanding, aiming to improve its capital structure and enhance future financing capabilities by reducing debt burden.
- Market Reaction Expectations: Evergy anticipates that note holders may engage in various derivatives transactions to hedge their exposure, which could lead to stock volatility during the repurchase period, impacting market sentiment.
- Strategic Implications: This repurchase not only reduces interest expenses but also provides Evergy with additional capital for future investments and operations, further advancing its sustainable energy transition efforts.
See More
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- Dividend Kings Recommendation: AbbVie (ABBV), a pharmaceutical company with a market cap of $405 billion, offers a 3% dividend yield despite facing a patent cliff, indicating strong recovery potential in the healthcare sector.
- Coca-Cola's Stability: Coca-Cola (KO), valued at $301 billion and boasting 30 billion-dollar brands, provides a 2.9% dividend yield, reflecting its robust competitive position in the global beverage market.
- Walmart's Market Position: Walmart (WMT), with a market cap of $888 billion, has a lower dividend yield of 0.8%, yet its extensive retail presence and growth potential make it a reliable long-term investment choice.
- Attractiveness of Realty Income: Realty Income (O), valued at $52 billion, offers a 5.7% dividend yield with monthly payouts, making it highly appealing to investors and showcasing its strong performance in the REIT sector.
See More
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- Coca-Cola's Stability: The Coca-Cola Company (KO), a global beverage giant with a market cap of $301 billion and a dividend yield of 2.9%, ensures consistent cash flow and shareholder returns through its robust portfolio of 30 billion-dollar brands.
- Walmart's Market Position: Walmart (WMT), with a market cap of $888 billion and a dividend yield of 0.8%, maintains its leadership in the global retail market, making it a stable dividend stock despite its relatively low yield.
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