Mitsubishi UFJ Asset Management Boosts Evergy Stake

Institutional investor increases holdings in Kansas City-based utility company

Published on Mar. 2, 2026

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Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Evergy Inc. (NASDAQ:EVRG) by 9.2% in the third quarter, according to a recent SEC filing. The institutional investor now owns 466,933 shares of the company's stock, worth approximately $35.5 million.

Why it matters

Evergy is a major electric utility serving customers across Kansas and western Missouri, including the Kansas City metropolitan area. The increase in Mitsubishi UFJ's stake suggests the firm sees long-term value in Evergy's business and growth prospects.

The details

According to the 13F filing, Mitsubishi UFJ Asset Management acquired an additional 39,486 shares of Evergy in the third quarter, bringing its total holdings to 466,933 shares. This represents approximately 0.20% of Evergy's outstanding stock. The filing indicates Mitsubishi UFJ's increased investment in Evergy is part of the firm's broader strategy to expand its utility sector portfolio.

  • Mitsubishi UFJ Asset Management raised its Evergy stake in the third quarter of 2026.

The players

Mitsubishi UFJ Asset Management Co. Ltd.

A Japanese asset management firm and subsidiary of Mitsubishi UFJ Financial Group, one of the world's largest banking and financial services organizations.

Evergy Inc.

A regulated electric utility that generates, transmits and distributes electricity to residential, commercial and industrial customers primarily across Kansas and western Missouri.

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The takeaway

Mitsubishi UFJ's increased stake in Evergy suggests the firm sees long-term growth potential in the Kansas City-based utility, which serves a mix of urban and rural communities in the region.