Evergy Inc. (EVRG)
Summary
Evergy: Plug Your Portfolio Into Reliable Dividend Growth
Evergy, Inc. is maintained at a Buy rating, trading at a 3% discount to fair value, with double-digit annual total return potential. EVRG's robust pipeline of data center-driven ESAs and regulatory mechanisms supports high single-digit adjusted EPS growth through 2030 and beyond. The utility's BBB+ credit rating, stable FFO-to-debt ratio, and sustainable mid-60% payout ratio underpin dividend safety and future capital investment.
Evergy: Data Centers Are Accelerating The Company's Growth
Evergy is positioned for accelerated growth, driven by unprecedented data center contracts and a 12% annual regulated asset base expansion. I assign EVRG a Buy rating with a $93 target price, reflecting robust future earnings growth and a high-growth platform status versus peers. EVRG's strategy leverages a balanced energy mix and regulatory frameworks to attract major investments but faces public and regulatory scrutiny over rate increases.
Can Economic Development Drive EVRG's Long-Term Earnings Growth?
Evergy's rising large-load demand and $21.6 billion investment plan drive 12% annual rate-base growth and 6-8% EPS growth through 2030.
Evergy Inc. Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| TJD Thomas John Drogan PR Inc.IPAL SECURITIES Inc. | 9,669 | $690,338.68 | $788,700.33 | $98,361.65 | 14.25% |
| DI David Izzi Brown, LISLE/CUMMINGS Inc. | 45 | $3,522.13 | $3,683.7 | $161.57 | 4.59% |
 Curtis Ellergodt Rothschild Investment LLC | 4,921 | $399,169.87 | $406,819.07 | $7,649.2 | 1.92% |
| BZ Brandon Zatopek Commonwealth Equity Services LLC | 78,902 | $6.82M | $6.52M | -$296,630.66 | -4.35% |
| PER Paul E. Rasmussen SIT INVESTMENT ASSOCIATES Inc. | 87,125 | $6.34M | $7.23M | $880,959.94 | 13.89% |
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Evergy Inc. Profile
| Electric Utilities Industry | Utilities Sector | David A. Campbell CEO | NASDAQ (NGS) Exchange | 30034W106 CUSIP |
| US Country | 4,691 Employees | 18 Aug 2026 Last Dividend | 22 May 1987 Last Split | 4 Jun 2018 IPO Date |
Overview
Evergy, Inc., operational since its incorporation in 2017, has been actively engaged in the generation, transmission, distribution, and sale of electricity across the United States. With its headquarters located in Kansas City, Missouri, Evergy stands out for its diversified approach towards electricity generation. Utilizing a variety of sources from traditional coal, landfill gas, uranium, and natural gas and oil to more sustainable options like solar and wind energy, along with other renewable sources, the company maintains a robust electricity generation portfolio. This strategic energy mix not only underlines Evergy's commitment to sustainability but also ensures a reliable supply of electricity to meet the diverse needs of its clientele. Evergy provides its services to a wide range of customers, including residential homes, commercial firms, industries, municipalities, and other electric utilities, showcasing its broad spectrum of utility provision within the energy sector.
Products and Services
- Electricity Generation: Evergy generates electricity employing a variety of sources. This includes:
- Coal: A traditional energy source catering to base-load demands.
- Landfill Gas: Utilization of gas produced by the decomposition of organic material in landfills.
- Uranium: Employs nuclear fission to produce electricity, providing a powerful and constant energy source.
- Natural Gas and Oil: Flexible and reliable sources that complement renewable energy sources during peak demand times or when the renewable sources are not available.
- Solar and Wind: Key renewable sources that reduce reliance on fossil fuels and diminish the environmental footprint.
- Other Renewable Sources: Includes various forms of renewable energy beyond solar and wind to further diversify the energy portfolio.
- Transmission and Distribution: Evergy is committed to ensuring the efficient transmission and distribution of electricity from the generation sites to end-users, enhancing the reliability of the electricity supply chain.
- Commercial Services: Evergy offers tailored electricity solutions for commercial firms, designed to meet the unique energy needs of businesses of all sizes.
- Industrial Services: Specifically catered for industrial clients, these services support both large-scale and specialized energy requirements, ensuring operational efficiency and sustainability.
- Municipal Services: Evergy works closely with municipalities to provide comprehensive electricity services that meet the public sector's standards for cost-effectiveness and reliability.
- Retail Electricity: Serving residences and small businesses, Evergy provides retail electricity services that prioritize affordability, dependability, and customer satisfaction.
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