12 Best Utility Stocks to Buy for Dividends

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8. Evergy, Inc. (NASDAQ:EVRG

No. of Hedge Fund Investors: 34

Dividend Yield as of Oct. 22: 3.39%

Next on our list of the Best Utility Dividend Stocks is Evergy, Inc. (NASDAQ:EVRG), which delivers electricity to approximately 1.8 million residential and commercial customers to homes and businesses in Kansas and Missouri.

Evergy, Inc. (NASDAQ:EVRG) received a boost earlier this month when Barclays raised the stock’s price target from $73 to $80, while keeping an ‘Outperform’ rating on its shares. The analyst expects the utility to deliver a ‘quieter’ report for the third quarter, with potential updates on load growth. However, a refreshed business plan is expected in the fourth quarter, with an upward bias for consensus estimates.

Evergy, Inc. (NASDAQ:EVRG) is also making its way in the rapidly evolving nuclear energy sector to make sure it has enough capacity available to serve its customers. Last month, the company signed an MoU to explore sites for a nuclear power project and energy storage system within its service territory using TerraPower’s Natrium nuclear technology.

The share price of Evergy, Inc. (NASDAQ:EVRG) has gained by over 27% since the beginning of 2025, with the stock trading at its all-time high as of the writing of this piece.

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