Are Wall Street Analysts Predicting Evergy Stock Will Climb or Sink?

Core Viewpoint - Evergy, Inc. is a significant player in the electric utility sector, with a strong market performance and positive growth outlook driven by strategic initiatives and capital investments [1][5]. Company Overview - Evergy, Inc. is an electric utility holding company formed from the merger of Westar Energy and Great Plains Energy in 2018, serving a diverse customer base and operating various power generation assets [1]. - The company is headquartered in Kansas City, Missouri, and has a market capitalization of approximately $17.7 billion [1]. Stock Performance - Over the past 52 weeks, Evergy's shares have returned 17.1%, outperforming the S&P 500 Index's 14% gain [2]. - Year-to-date, Evergy's stock is up 5.9%, compared to the S&P 500's 1.3% increase [2]. - The stock has also outperformed the State Street Utilities Select Sector SPDR ETF, which rose 10.7% over the past year [3]. Growth Outlook - Investor optimism is bolstered by Evergy's long-term growth prospects and strategic initiatives, including a significant economic development pipeline targeting large customers like data centers and advanced manufacturing facilities [5]. - Analysts project Evergy's EPS to grow by 5.3% year-over-year to $4.01 for the fiscal year 2025 [6]. Analyst Ratings - Among 13 analysts covering Evergy, the consensus rating is a "Moderate Buy," with seven "Strong Buy" ratings, one "Moderate Buy," and five "Holds" [6]. - The mean price target is $84.35, indicating a 9.9% premium to the current price, while the highest target suggests an 18.6% potential upside [7].