Evergy, Inc. (NASDAQ:EVRG), a reputable utilities company, is hitting new strides. Indications suggest an opportunity with Evergy's 22% undervaluation, with Jefferies raising Evergy's price target to $74. Interestingly, Evergy's Q3 earnings have surged 32%, leading to a 4% boost to their dividend amid consistent growth. In addition, Evergy announced the appointment of two new Board members. Several critical investment institutions also increased their position in Evergy, notably Charles Schwab Investment Management Inc, ING Groep NV, and Captrust Financial Advisors. Evergy also recorded $2,470 Mil cash flow from investment till fourth quarter of 2024. Further, Evergy plans to construct two new 705 MW high-efficiency natural gas plants, demonstrating their commitment to strategic investments. To cater to burgeoning demand, plans are underway to build natural gas power plants in Kansas. Overall, Evergy has successfully exceeded Wall Street's earnings expectations, and analysts are bullish on its further growth, expecting a 5.72% upside potential.
Evergy EVRG News Analytics from Mon, 10 Jun 2024 07:00:00 GMT to Sat, 30 Nov 2024 11:46:43 GMT -
Rating 8
- Innovation 4
- Information 9
- Rumor 2
