Evergy (EVRG) Stock

EVRG's investment strategies are designed to grow its presence in the transmission market. By increasing its renewable energy assets, the company is likely to improve its overall performance.

Dividends are more significant than many people realize. In fact, over the past 30 years, about 45% of the total return of the S&P 500 has come from dividends. This shows how important they can be for investors.

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.