Evergy Inc., the U.S. utility company has made several newsworthy moves in the recent months. First, an update on its shares indicated a market reshuffle, including an increased position by **Spire Wealth Management** and a decreased position by **Massachusetts Financial Services Co. MA**. However, in recent times, **Evergy's first quarter 2024 earnings fell short of expectations**, with an **EPS of $0.54, missing the consensus of $0.64**. Consequently, its share value declined about 9.0% over a year.Though the company's first quarter's earnings were less than expected, Evergy’s decision to **purchase $60 million interest in natural gas power plant** indicates its strategic move to diversify its portfolio. Evergy's analysts seem to think positively about the company's future, as **Barclay's increased Evergy's price target to $61 whereas earlier it was $62.** Several investment firms, including **Charles Schwab Investment Management Inc. and Stoneridge Investment Partners, have invested millions in Evergy**, highlighting it’s favoured position amongst institutional investors. Yet, there is also news of insiders selling off around US$1.6m shares, suggesting hesitancy. Besides, the latest Evergy’s **decision of Mark Ruelle’s retirement as Chairman** and **appointment of David Campbell as his successor** marks a significant development within the company.
Evergy EVRG News Analytics from Tue, 23 May 2023 07:00:00 GMT to Thu, 16 May 2024 17:51:41 GMT -
Rating 5
- Innovation 2
- Information 8
- Rumor 0
