From various sources, mixed sentiment is evident related to Evergy (EVRG). Some investment firms have increased their stake in the company, including Orion Portfolio Solutions, HSBC Holdings, and Assetmark. However, there's notable stock sell-offs by Teacher Retirement System of Texas and Principal Financial Group among others. After a 20% decline post the last earnings report, some analysts suggest a potential rebound. Despite this, there's concern over the company's capital allocation and Q1 2024 results missed expectations. Nevertheless, Evergy's focus on clean asset additions and acquisitions is seen as a positive step. Barclays raised the company’s price target to $61, indicating an encouraging outlook. Also, the company maintained a lowest-cost approach to meeting growing customer demand and maintaining reliability. Negative sentiments are echoed by Evergy insiders selling shares, suggesting hesitancy. They’ve also had a recent rate hike approved by Kansas regulators. Finally, David Campbell is set to serve as Chairman of the Board, following Mark Ruelle's retirement announcement.
Evergy EVRG News Analytics from Mon, 16 May 2022 07:00:00 GMT to Thu, 30 May 2024 22:34:00 GMT -
Rating -1
- Innovation 0
- Information 6
- Rumor -1
