Professional
Added to YB: 2024-03-11
Pitch date: 2024-03-07
EVRG [bullish]
Evergy, Inc.
+55.58%
current return
Author Info
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Company Info
Evergy, Inc., together with its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in the United States.
Market Cap
$15.3B
Pitch Price
$47.44
Price Target
65.00 (-12%)
Dividend
4.01%
EV/EBITDA
10.18
P/E
18.02
EV/Sales
5.05
Sector
Electric Utilities
Category
dividend
Show full summary:
Evergy, Inc.: New Investment Plan in Line With Our Forecast; Stock One of the Cheapest US Utilities
EVRG: $65 target; narrow moat. In-line $12.5B capex plan & 2023 EPS at $3.54. Trades 23% under FV with a 5% yield & 5% div hike for '24. New growth estimate at 4-6%, regulatory risks in MO & KS. Transitioning from coal to renewables; if successful & cost-efficient, strong upside.
Read full article (7 min)