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]

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 ...

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 ...

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 ...

Investors interested in Utilities stocks should always be looking to find the best-performing companies in the group. Has Evergy Inc (EVRG) been one of those stocks this year? Let's take a closer look at the stock's yearto-date performance to find out. Evergy Inc is a member of our Utilities group, which includes 105 different companies and currently sits at #7 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the ...

Investors looking for stocks in the Utility - Electric Power sector might want to consider either Evergy Inc (EVRG) or Consolidated Edison (ED) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look. The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisions, while our Style ...

Evergy, Inc.'s (EVRG) strategic capital investments to expand operations, strengthen infrastructure and improve reliability are likely to boost its performance. Given its growth opportunities, EVRG makes for a solid investment option in the utility sector. The company currently carries a Zacks Rank #2 (Buy). Let's look at the factors that are driving the stock. Growth Projections The Zacks Consensus Estimate for 2024 earnings per share (EPS) is pegged at $3.84, which indicates a yearover-year growth of 8.5% ...

Evergy, Inc. (EVRG) reported second-quarter 2024 operating earnings per share (EPS) of 90 cents, which lagged the Zacks Consensus Estimate of 99 cents by 9.1%. However, the bottom line increased 11.1% from the year-ago quarter's figure of 81 cents. EPS in the reported quarter benefited from warmer-than-normal weather, growth in weather-normalized demand, new retail rates and higher transmission margin, partially offset by higher operation and maintenance expenses, increased depreciation and amortization exp ...

Earnings and Financial Performance - Q2 2024 GAAP EPS of $0.90, up from $0.78 in Q2 2023[1] - Q2 2024 Adjusted EPS (Non-GAAP) of $0.90, up from $0.81 in Q2 2023[1] - Q2 2024 GAAP earnings of $207.0 million, compared to $179.1 million in Q2 2023[1] - Q2 2024 Adjusted earnings (Non-GAAP) of $207.0 million, compared to $186.1 million in Q2 2023[1] - Year-to-date June 30, 2024 Adjusted earnings (Non-GAAP) of $331.7 million, compared to $322.2 million in 2023[5] - Year-to-date June 30, 2024 Adjusted EPS (Non-GAAP) of $1.44, compared to $1.40 in 2023[5] Guidance and Growth Targets - Reaffirmed 2024 GAAP and Adjusted EPS guidance of $3.73 to $3.93[3] - Long-term Adjusted EPS (Non-GAAP) annual growth target of 4% to 6% through 2026[3] Dividends - Quarterly dividend declared at $0.6425 per share[4] Customer Base - Evergy serves 1.7 million customers in Kansas and Missouri[11] Risks and Challenges - Financial market conditions and performance, including volatility in interest rates and credit spreads, impact the availability and cost of capital[14] - Disruptions in the banking industry affect derivatives, hedges, nuclear decommissioning trust, and pension plan assets and costs[14] - Physical and cybersecurity breaches, criminal activity, and terrorist attacks pose risks to Evergy's facilities and IT infrastructure[14] - Geopolitical conflicts impact the global energy market, including the ability to contract for non-Russian sourced uranium[14] - Workforce risks include attracting and retaining qualified personnel and managing costs of wages, retirement, and health care benefits[14] - Strategic initiatives like mergers, acquisitions, and divestitures may not achieve expected value in a timely manner[14] - Evergy Companies' ability to manage transmission and distribution development plans and joint ventures is a key risk[14] - New factors emerge unpredictably, and Evergy cannot assess their impact on business outcomes[15] Forward-Looking Statements - Evergy undertakes no obligation to update forward-looking statements unless required by law[15] Corporate Communications - Media and investor contacts are provided for corporate communications and investor relations[16]

Evergy (EVRG) is scheduled to release second-quarter 2024 results on Aug 9, before market open. The company delivered a negative earnings surprise of 11.5% in the last reported quarter. Let's discuss the factors that are likely to be reflected in the upcoming quarterly results. Factors to Consider In April 2024, Evergy Missouri West purchased a joint ownership interest, representing nearly 145 megawatts in Dogwood Energy Center, an operational natural gas combined cycle facility in Missouri. This is likely ...