Evergy, Inc. (NASDAQ:EVRG) continues to attract significant interest from investors, with companies like
Advocate Group LLC,
Impact Partnership Wealth LLC, and
Nisa Investment Advisors LLC increasing their stakes. However, Evergy's return trends are being perceived as unappealing. Despite some reservations, Evergy’s shares have been granted a ‘Buy’ rating thanks to expected growth in EPS. A significant portion of Evergy's shares are held by institutional owners, implying faith from significant market players.
Steve Cohen, the billionaire investor, also counts Evergy among his top picks. Some believe Evergy's potential to be undervalued, trading at a 22-27% discount. The company's
ROE of approximately 8% appears impressive. Evergy plans to
develop two new high-efficiency natural gas plants and has introduced changes to their key executive positions. Despite short-term debt concerns, long-term investors have seen up to 32% returns year over year. Recent
Q3 earnings were strong, and Evergy is ranked top among dividend-paying utility investments. However, a measure of wariness surrounds Evergy’s future, potentially due to a recent trend of insider selling.
Evergy EVRG News Analytics from Wed, 01 May 2024 07:00:00 GMT to Sat, 25 Jan 2025 17:34:00 GMT -
Rating 5
- Innovation 3
- Information 7
- Rumor 2
