Skip to Content

Evergy Inc EVRG

Rating as of

Morningstar’s Analysis

Valuation
Currency in USD
Is it the right time to buy or sell?
Find out with Morningstar Premium
Is it the right time to buy or sell?
Find out with Morningstar Premium

1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

Evergy Highlights Regulated Growth Potential During Investor Day

Travis Miller Strategist

Analyst Note

| Travis Miller |

We are reaffirming our $60 per share fair value estimate for Evergy after management released its initial outlook for 2022 and updated its five-year capital investment plan. Both are in line with our outlook. Management also reaffirmed its 2021 earnings guidance range of $3.20-$3.40, in line with our estimate. We are reaffirming our narrow moat and stable moat trend ratings.

Read Full Analysis

Company Profile

Business Description

Evergy is a regulated electric utility serving eastern Kansas and western Missouri. Major operating subsidiaries include Evergy Metro, Evergy Kansas Central, Evergy Missouri West, and Evergy Transmission Company. The utility has a combined rate base of approximately $15 billion, about half in Kansas and half split between Missouri and federal jurisdiction. Evergy operates and owns 94% of the 1,200 MW Wolf Creek nuclear plant that supplies about 17% of the company's net generation or purchased power. Coal and natural gas generation supply over 50% of total sales but is declining with planned coal plant retirements. Including purchased power contracts, Evergy gets about 27% of its power from renewables, mostly wind, making it one of the largest wind energy suppliers in the U.S.

Contact
1200 Main Street
Kansas City, MO, 64105
T +1 816 556-2200
Sector Utilities
Industry Utilities - Regulated Electric
Most Recent Earnings Jun 30, 2021
Fiscal Year End Dec 31, 2021
Stock Type High Yield
Employees 5,133

Related