Franklin Resources Inc. maintains a significant stake in Evergy worth $330.47 million. Concerns arise as Evergy's debt load weighs heavy, despite having a possible 22% undervaluation.
Geode Capital Management LLC offloads 309,957 of Evergy shares. Evergy announces two new 705 MW high-efficiency natural gas plants and issuance of $500 million in junior subordinated notes, suggesting potential growth. Q3 earnings report shows a notable 32% surge, reaching $2.02 per share, alongside a 4% dividend boost. Meanwhile,
Worldquant Millennium Advisors LLC,
Fmr LLC, and others notably increase their holdings in Evergy, suggesting increased confidence in the company's performance and future prospects.
Evergy appoints two new board members, potentially indicating changes in strategic direction.
Analysts present bullish forecasts on Evergy's earnings growth, with a 5.72% upside potential. Despite some shares being sold, strategic collaborations seem to drive regional growth further solidifying Evergy as a significant player. However, recent insider selling of US$4.1 million worth of shares may suggest hesitancy. A 28% discount is suggested on Evergy's current trading status, raising debate among investors about the stock's true value. Meanwhile, Evergy reports a strong Q3 earnings performance and announces ambitious investment plans.
Evergy EVRG News Analytics from Mon, 10 Jun 2024 07:00:00 GMT to Sat, 14 Dec 2024 12:11:58 GMT -
Rating 6
- Innovation 3
- Information 7
- Rumor -4
