Evergy (EVRG) has had its
PT lifted to $77 at Citi, reaffirming positive analysts' sentiment towards the company. This follows Evergy's Q4 2024 results announcement, where the earnings fell short of estimates, yet
revenue rose Year on Year (Y/Y). Despite the earnings miss, the utility giant unveiled a
$17.5B investment plan, flagging its intent to drive growth and investment into the future. Evergy commands 88% of institutional ownership, making it a firm favorite amongst the big guns and a testament to the company's strong financial performance. However, concerns are brewing around the company's heavy debt load, raising wary eyes towards the stock amidst its financial strategy. While Evergy's overall return trends aren't viewed as attractive, the company's efforts towards
renewable expansion are appreciated. Recent
appointment of new board members and
executive changes indicate a strategic shift in the organization. Evergy also sees a potential increase in electric bills due to its new rate case. Yet, despite the mixed sentiments, the company has seen its stock hit 52-week highs multiple times, demonstrating its robust growth in the market.
Evergy EVRG News Analytics from Thu, 30 Jan 2020 08:00:00 GMT to Fri, 21 Mar 2025 13:19:51 GMT -
Rating 6
- Innovation 4
- Information 7
- Rumor -4
