EvergyNASDAQ: EVRG

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.

Ross Fowler, an analyst at BofA Securities, has resumed his analysis of four utility companies in the Great Plains region of the United States.

Evergy's stock has significantly outperformed the S&P 500 since we started covering it in a joint article with Brad Thomas in June. The company's focus on economic development puts it in a strong position to meet its growth goals in the coming years. Additionally, Evergy is financially stable and has a BBB+ credit rating from S&P, which has a stable outlook.

KANSAS CITY, Mo.--(BUSINESS WIRE)--Starting on October 1, 2024, W. Bryan Buckler will take on the role of executive vice president and chief financial officer at Evergy.

Following the assassination attempt on Donald Trump in July, it seemed that the former president was in a strong position for the presidential race.