Several key pieces of information about Evergy (EVRG) have emerged recently. They are preparing to announce their Q1 Earnings and there are speculations that they might be undervalued by 29%. Additionally, New York Life Investment Management LLC recently sold their stakes in the company, while Van ECK Associates Corp acquired 27,088 shares. Q4 Earnings and Revenues surpassed expectations, leading to a stake increase by Savant Capital LLC. Wall Street is expecting Earnings growth in the forthcoming week. Truist Financial Corp recently sold 42061 shares while Atria Wealth Solutions Inc. increased their position.
It has been suggested that Evergy is using debt to deliver its ROE of 8.9% and the company has reported a decrease in sales for '23. Institutional investors seem to be fond of the company, owning 85%. There has been talk of an attractive valuation and potential for stronger load growth, and the company is increasing its dividend to $0.6125. They're also issuing $1.1 billion notes to refinance their debts.
On the downside, investors who invested in the company a year ago are sitting on a loss of 9.0%. There's been inside selling indicating a potential lack of confidence. There's also been a decrease in stock positions by Cerity Partners LLC and a miss on expected earnings. However, growing demand is expected to result in more clean energy investment.
Finally, Evergy recently announced that its 2024 Earnings Guidance and Regulatory Details will be released soon, and Evergy Chairman Mark Ruelle is set to retire in May 2024.
Evergy EVRG News Analytics from Sun, 08 Nov 2020 08:00:00 GMT to Tue, 07 May 2024 12:20:00 GMT - Rating 4 - Innovation -1 - Information 7 - Rumor -3
