Franklin Resources Boosts Stake in Evergy Inc.

Investment firm increases ownership in utility company by 4.3% in third quarter

Mar. 12, 2026 at 10:34am

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Franklin Resources Inc. has increased its stake in Evergy Inc. (NASDAQ:EVRG) by 4.3% during the third quarter, according to a recent 13F filing with the Securities and Exchange Commission (SEC). The investment firm now owns approximately 6.06 million shares, or 2.63% of the utility company's outstanding stock, valued at $460.5 million.

Why it matters

The increase in Franklin Resources' stake in Evergy suggests the investment firm sees growth potential in the utility company, which serves customers primarily across Kansas and western Missouri. Evergy's stock has performed well recently, with the company's shares trading near their 52-week high.

The details

According to the 13F filing, Franklin Resources acquired an additional 251,027 shares of Evergy during the third quarter, bringing its total ownership to 6,058,061 shares. This represents approximately 2.63% of Evergy's outstanding stock. The investment firm's increased stake comes as Evergy has seen its share price rise, with the stock trading around $81 as of the latest reporting period.

  • Franklin Resources filed its 13F report for the third quarter on March 12, 2026.
  • The firm increased its Evergy stake during the three-month period ending September 30, 2025.

The players

Franklin Resources Inc.

A global investment management organization that provides a range of investment management and related services to institutional and individual clients.

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

Franklin Resources' increased stake in Evergy suggests the investment firm sees long-term value in the utility company, which has performed well recently amid rising electricity demand and favorable regulatory environment in its service area.