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Evergy(EVRG) - 2024 Q3 - Quarterly Report
2024-11-06 22:35
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______to_______ | --- | --- | --- | |---------------------------------|--------------------------------------------------------------------------- ...
Evergy to Release Q3 Earnings: Here's What You Need to Know
ZACKS· 2024-11-06 13:35
Evergy (EVRG) is scheduled to release third-quarter 2024 results on Nov. 7, before market open. The company delivered a negative earnings surprise of 9.1% in the last reported quarter.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Let’s discuss the factors that are likely to be reflected in the upcoming quarterly results.Key Factors That Might Have Impacted EVRG's Q3 EarningsEvergy’s quarterly earnings are expected to have benefited from ongoing investments targeted toward grid mod ...
Evergy: Boring Utility, But Leverage And Better Protection Through Options
Seeking Alpha· 2024-10-14 18:20
"Fundamental Options" would be the title of my investing style, because I combine fundamental analysis with the power of options. I use Fundamental Analysis to quantitatively and qualitatively assess individual stocks and ETFs, and I pursue various strategies: Income oriented, especially BDCs, but also Utilities; Growth At A Reasonable Price, especially Tech, having a background in Software Development; Deep Value, based on Discounted Cash Flow and / or other industry specific valuation methods; Dividend Ar ...
The Zacks Analyst Blog Evergy, Xcel Energy, WEC Energy, American Water Work and Atmos Energy
ZACKS· 2024-10-09 08:15
For Immediate Releases Chicago, IL – October 9, 2024 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Evergy Inc. (EVRG) , Xcel Energy Inc. (XEL) , WEC Energy Group Inc. (WEC) , American Water Works Co. Inc. (AWK) and Atmos Energy Corp. (ATO) . Here are highlights from Wednesday's Analyst Blog: Buy These 5 Utility Stoc ...
EVRG or IDA: Which Is the Better Value Stock Right Now?
ZACKS· 2024-09-30 16:46
Investors interested in Utility - Electric Power stocks are likely familiar with Evergy Inc (EVRG) and IdaCorp (IDA) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out. Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The Zacks Rank favors stocks with strong earnings estimate revision trends, and ou ...
Here's Why You Should Add Evergy Stock to Your Portfolio Right Now
ZACKS· 2024-09-20 15:41
Core Viewpoint - Evergy, Inc. (EVRG) is positioned as a solid investment option in the Utility sector due to its strategic capital investments aimed at expanding operations, strengthening infrastructure, and improving reliability [1] Growth Projections & Surprise History - The Zacks Consensus Estimate for EVRG's 2024 earnings per share (EPS) is $3.85, reflecting a year-over-year growth of 8.8% [2] - The consensus estimate for 2024 sales is $5.65 billion, indicating a year-over-year growth of 2.5% [2] - EVRG's long-term earnings growth rate is projected at 5.8% over the next three to five years [2] Dividend Yield - Evergy has a current dividend yield of 4.21%, surpassing the industry average of 3.32% [3] - The company aims for a dividend payout ratio in the range of 60-70% per year [3] Debt Position - Evergy's total debt to capital ratio stands at 59.12%, which is below the industry average of 60.5% [4] - The time-to-interest earned ratio was 2.4 at the end of the second quarter, indicating the company's capability to meet future interest obligations [4] Systemic Investments - Evergy plans to invest nearly $12.5 billion in capital by 2028, focusing on transmission, distribution, infrastructure upgrades, and customer-facing platforms [5] - The capital expenditures align with the new Integrated Resource Plan, targeting net-zero emissions by 2045 and a 70% reduction in carbon dioxide emissions by 2030 [5] Stock Price Performance - EVRG shares have increased by 17.2% over the past three months, outperforming the industry's growth of 11.5% [6]
Evergy, MDU Set For Growth But Black Hills Faces EPS Headwinds, Says BofA Analyst
Benzinga· 2024-09-12 18:30
BofA Securities analyst Ross Fowler reinstated coverage on four US utilities in the Great Plains. The analyst reinstated the Buy rating at Evergy, Inc. EVRG and MDU Resources Group, Inc. MDU. Meanwhile, Fowler reinstated the Neutral rating on OGE Energy Corp OGE and Underperform rating on Black Hills Corporation BKH. EVRG: The analyst reinstated Buy rating with a price target at $66. The analyst says that despite trading at a 10% discount compared to peers on a 2026E P/E basis, the improving Kansas regulato ...
Is Evergy (EVRG) Outperforming Other Utilities Stocks This Year?
ZACKS· 2024-09-12 14:46
The Utilities group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Evergy Inc (EVRG) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's yearto-date performance to find out. Evergy Inc is one of 105 companies in the Utilities group. The Utilities group currently sits at #6 within the Zacks Sector Rank. The Zacks Se ...
Evergy: This Utility Remains An Intriguing Buy Now
Seeking Alpha· 2024-09-06 11:00
Two utility workers in a crane repair a power line. kozmoat98 After a couple of years of significant underperformance, utilities look to be turning the corner. This is because the headwinds of the higher for longer narrative appear to be dissipating. CME FedWatch Tool A rate cut is 100% priced into the equation for the Federal Reserve's meeting later this month on September 18th. The only question is whether the rate cut will be 25 basis points or 50 basis points. Markets are almost evenly divided, with a 6 ...
Has Evergy (EVRG) Outpaced Other Utilities Stocks This Year?
ZACKS· 2024-08-27 14:46
Company Overview - Evergy Inc (EVRG) is part of the Utilities sector, which consists of 105 companies and currently ranks 7 in the Zacks Sector Rank [2] - The company has a Zacks Rank of 2 (Buy), indicating a positive outlook based on earnings estimates and revisions [3] Performance Analysis - Year-to-date, Evergy Inc has returned 13.5%, outperforming the average Utilities group gain of 12.9% [4] - In comparison to its specific industry, Utility - Electric Power, which has seen an average gain of 16.4% this year, Evergy Inc is slightly underperforming [5] Earnings Estimates - The Zacks Consensus Estimate for Evergy's full-year earnings has remained unchanged, indicating stable analyst sentiment regarding the company's earnings outlook [3]