As one of the leading Midwest utility giants, Evergy (EVRG) is set to release its Q1 2025 earnings with significant details expected. Consistently achieving high yields alongside Sempra, Philip Morris, and others, the company plans to conduct the 2025 shareholders meeting online. Investment company Gabelli Funds LLC has sold over 22,200 shares of Evergy, while Renaissance Technologies LLC increased its position. Major elections, ESG strategies, and the company's digital transformation are on Evergy's annual meeting's agenda. Bullish perspectives continue to surround Evergy as it proves to be a lucrative investment. Strategies and growth plans are proactive; for instance, a significant reveal is its intention to make massive $17.5B worth investments while its earnings surge by nearly 20%. The meeting announcement has been made multiple times indicating its importance in the future trajectory of the company. Meanwhile, Evergy's shares have seen a 39% return over the past year, and the company's stock is reportedly outperforming the Nasdaq. Although Q4 earnings have lagged estimates, Evergy remains an undervalued defensive stock with a promising 4% yield. The company is leveraging strategic investments and renewable energy expansion. Evergy's Q4 results will be key in revealing its future clean energy strategy, and if it's any indication, its Q3 earnings have beat estimates with revenues increasing YOY.
Evergy's previous appointment of W. Bryan Buckler as the Executive Vice President and CFO is also worth noting. Despite 2024 Q4 earnings miss estimates, resulting in a stock dip, Evergy still held strong as it hit its 52-week high at $69.99 amid robust growth. This growth, a highlighted aspect of Evergy, suggests the innovative strides the company is making.
Evergy EVRG News Analytics from Thu, 09 May 2024 07:00:00 GMT to Sat, 19 Apr 2025 15:00:00 GMT - Rating 8 - Innovation 7 - Information 7 - Rumor 2
