Evergy, Inc. (EVRG) has been recommended as a 'Moderate Buy' by various analysts, indicating divided opinion. Institutional investment shows fluidity, with many entities strengthening their positions while others scale back. The oscillation in shareholder equity implies the market hasn't readily made its mind up on Evergy's value. While the company's intrinsic value is possibly significantly higher than its share price, its Q1 2024 numbers missed EPS and revenue estimates, contributing to a 3% decline, in addition to year-on-year losses. Despite these setbacks, Evergy looks to gain from strategic acquisitions and additions, including clean assets. Forecasts for Q2 2025 anticipate lifted estimates while the company's Q1 2024 earnings were met with disappointment leading to question around its debt utilization and ROE. Despite the mixed reviews on Evergy, some investors still anticipate strong load growth and attractive valuation. However, with insiders selling off share and the last year return on capital slowing down, potential investors are urged to tread with caution. On the operational front, there's an approved electric rate hike by Kansas regulators and the retirement of Evergy Chairman Mark Ruelle in May 2024. Evergy's first quarter report missed expectations triggering important discussions about future steps.
Evergy EVRG News Analytics from Fri, 29 Sep 2023 07:00:00 GMT to Sun, 09 Jun 2024 15:17:09 GMT -
Rating 4
- Innovation 3
- Information 7
- Rumor 4
