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Evergy Inc EVRG Stock Quote

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Morningstar‘s Stock Analysis EVRG

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Raising U.S. Electricity Demand Growth Outlook, Reaffirming Utilities Fair Value Estimates

Travis Miller Strategist

Analyst Note

| Travis Miller |

We are reaffirming our fair value estimates for U.S. utilities after raising our 10-year annual U.S. electricity demand growth forecast to 1.4%, up from 1.2% in our previous forecast two years ago. We also are reaffirming our economic moat and moat trend ratings for all U.S. utilities.

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Key Statistics EVRG

Company Profile EVRG

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 Co. The utility has a combined rate base of approximately $16 billion, about half in Kansas and the rest split between Missouri and federal jurisdiction. Evergy is one of the largest wind energy suppliers in the U.S.

1200 Main Street
Kansas City, MO, 64105
T +1 816 556-2200
Industry Utilities - Regulated Electric
Most Recent Earnings Jun 30, 2022
Fiscal Year End Dec 31, 2022
Employees 4,930

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