Evergy, Inc. (EVRG) has largely been recognized for its growth and consistency in dividends, with a low PE ratio. Favorably viewed by investors, Evergy is seen to be making strategic and renewable investments, despite concerns over its substantial debt load. Furthermore, Evergy has appointed W. Bryan Buckler as their new CFO and Matt Gummig as Chief Accounting Officer, pointing to major leadership changes within the company.
With frequent adjustments in its price target by Barclays, the utility giant retains an overweight rating. Consistent performance has led to a 39% return for its shareholders over the year. Despite a few earnings missing estimates, the strong financial performance and robust growth are apparent, resulting in the stock hitting a 52-week high twice.
Evergy is set for ambitious plans in the upcoming future, such as the construction of two new 705 MW high-efficiency natural gas plants and the issuance of $600 million in bonds and notes. The company’s annual meeting will pivot to a digital platform, with major board elections and ESG strategy in focus.
Looking forward, Evergy maintains its 2024 and 2025 guidance and declares a consistent quarterly dividend. The company also recently paid $60M for interest in natural gas power plants as they keep pushing for more natural gas and cut back on planned renewable energy additions.
Evergy EVRG News Analytics from Fri, 16 Jun 2023 07:00:00 GMT to Fri, 25 Apr 2025 12:16:09 GMT -
Rating 7
- Innovation 5
- Information 8
- Rumor -2
