Ladenburg Thalmann has upgraded Evergy Inc. to a buy rating, due to its high-capacity AI and data centers. Notably, Evergy has reported a steady surge in institutional ownership, now at 88%. JP Morgan has also acquired an additional 330,464 shares of Evergy. High load growth and solid yield potential has earned Evergy a favorable review from Jim Cramer. The firm's Q3 earnings enjoyed a remarkable 32% rise, pushing its per-share earnings to $2.02, and triggering a 4% dividend boost amidst growth. Evergy's future prospects have also been amplified by strategic collaborations and the upcoming launch of two 705MW high-efficiency natural gas plants, solidifying its position as the most profitable utility stock to invest in.
Even with occasional underperformance compared to the S&P 500, Evergy's resilient investment strategy signals positive trends. Key executive changes bolster the firm's management, in addition to the acquisition of 18,595 shares by Principal Financial Group Inc. Other prominent purchases include 24,149 shares and 288,619 shares by Stiffel Financial Corp and Franklin Resources Inc. respectively. Evergy, promising a robust utility now, offers strong earnings per share (EPS) growth, and strategic investments.
Evergy EVRG News Analytics from Wed, 24 Jan 2024 08:00:00 GMT to Sat, 04 Jan 2025 13:10:00 GMT - Rating 5 - Innovation 7 - Information 9 - Rumor -3
