Profile
Sector:
UtilitiesIndustry:
ElectricCountry:
United StatesIPO:
04 June 2018Website:
http://investors.evergy.comNext earnings report:
28 February 2025Last dividends:
20 August 2024Next dividends:
21 November 2024Price
after hours | Thu, 21 Nov 2024 00:02:03 GMTAnalysts recommendations
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EVRG Latest News
Evergy, Inc. has consistently increased its dividends for 20 years, making it a trustworthy option for dividend growth. The company's five-year plan for capital spending is expected to support growth in its annual rate base and adjusted earnings per share in the coming years. With a strong financial position and a BBB+ credit rating from S&P, Evergy can obtain capital at a lower cost.
Evergy, Inc. (NASDAQ:EVRG) held its Q3 2024 Earnings Conference Call on November 7, 2022, at 9:00 AM ET. The call featured company representatives including Peter Flynn, David Campbell, and Bryan Buckler, along with participants from various financial firms. The operator welcomed everyone and thanked them for joining the call.
Evergy Inc (EVRG) reported quarterly earnings of $2.02 per share, which is higher than the Zacks Consensus Estimate of $1.95 per share. This is an increase compared to earnings of $1.88 per share from the same period last year.
EVRG's earnings and revenues for the third quarter exceeded expectations. The company has also confirmed its earnings per share forecast for 2024.
EVRG's results for the third quarter of 2024 are likely to improve due to investments, energy-saving initiatives, and an increase in customers.
KANSAS CITY, Mo.--(BUSINESS WIRE)--Evergy plans to invest in two new combined-cycle natural gas plants in Kansas, each with a capacity of 705 MW. These plants are expected to start operating in 2029 and 2030.
Utilities gain from reduced interest rates and a rise in electricity demand. Evergy, Inc., a regulated utility company, has a solid financial position, offers a 4.33% dividend yield, and is expected to grow by 4-6% over the next five years. The stock appears to be undervalued by around 6-7% when assessed through both relative and absolute valuation methods.
This Analyst Blog features companies such as Evergy, Xcel Energy, WEC Energy, American Water Works, and Atmos Energy.
According to 24/7 Wall St. Insights, the utility sector has seen a significant increase of 20% in 2024.
EVRG presents a compelling opportunity for investment due to its potential for growth, effective debt management, and ability to enhance shareholder value through dividends.
What type of business is Evergy?
Evergy, Inc. is a utility holding company engaged in the production, transmission, distribution, and sale of electricity in Kansas and Missouri. The company was registered in 2017 and is headquartered in Kansas City, Missouri. The holding company includes the following subsidiaries: Evergy Kansas Central, Inc. - provides electricity to consumers in the state of Kansas. Evergy Metro, Inc. - provides electricity to consumers in the states of Missouri and Kansas. Evergy Missouri West, Inc. - provides electricity to consumers in the state of Missouri. Evergy Transmission Company, LLC - focuses on developing competitive electricity transmission projects.
What sector is Evergy in?
Evergy is in the Utilities sector
What industry is Evergy in?
Evergy is in the Electric industry
What country is Evergy from?
Evergy is headquartered in United States
When did Evergy go public?
Evergy initial public offering (IPO) was on 04 June 2018
What is Evergy website?
https://investors.evergy.com
Is Evergy in the S&P 500?
Yes, Evergy is included in the S&P 500 index
Is Evergy in the NASDAQ 100?
No, Evergy is not included in the NASDAQ 100 index
Is Evergy in the Dow Jones?
No, Evergy is not included in the Dow Jones index
When was Evergy the previous earnings report?
No data
When does Evergy earnings report?
The next expected earnings date for Evergy is 28 February 2025