Company Reports

We reaffirm our fair value estimates and economic moat ratings for US utilities as we assess potential partnerships between data centers and nuclear plants.

Evergy formed in June 2018 when Great Plains Energy and Westar Energy merged after two years spent working through the regulatory approval process in Kansas and Missouri. With the integration complete and a new management team in place, Evergy is working to improve historically challenging regulation and invest in clean energy.

We are reaffirming our $65 fair value estimate and narrow moat rating for Evergy after management reported $0.90 per share of adjusted earnings during the second quarter. Year-to-date earnings are on track to meet our full-year outlook. Management reaffirmed its $3.73-$3.93 EPS guidance for 2024, in line with our estimate.

Evergy formed in June 2018 when Great Plains Energy and Westar Energy merged after two years spent working through the regulatory approval process in Kansas and Missouri. With the integration complete and a new management team in place, Evergy is working to improve historically challenging regulation and invest in clean energy.

We are reaffirming our fair value estimates and outlooks for Consolidated Edison and Evergy after a shuffling of chief financial officers. Evergy CFO Kirk Andrews is set to become CFO at Con Ed in July, replacing retiring longtime CFO Robert Hoglund. Evergy has not named a permanent replacement.

Evergy formed in June 2018 when Great Plains Energy and Westar Energy merged after two years spent working through the regulatory approval process in Kansas and Missouri. With the integration complete and a new management team in place, Evergy is working to improve historically challenging regulation and invest in clean energy.

We are reaffirming our $65 fair value estimate and narrow moat rating for Evergy after management reported $0.54 per share of adjusted earnings during the first quarter, on track to meet our full-year outlook. Management reaffirmed its $3.73-$3.93 EPS guidance for 2024, in line with our estimate.

We are reaffirming our $65 fair value estimate and narrow moat rating for Evergy after management released a new, $12.5 billion five-year capital investment plan and reported full-year 2023 earnings.

We are reaffirming our $65 fair value estimate and narrow moat rating for Evergy after reviewing the company's request for a $104 million rate increase in its Missouri West service territory.

With the U.N. Climate Change Conference, otherwise known as COP28, starting this week, we are reasserting our view that the market underappreciates utilities' critical role in limiting global warming.

We are reaffirming our $65 fair value estimate and narrow moat rating for Evergy after meeting with management.

We are reaffirming our $65 fair value estimate for Evergy after the company announced $1.88 per share of adjusted earnings during the third quarter, down from $2.00 in the third quarter of 2022. We are also reaffirming our narrow moat rating.

We are reaffirming our $65 fair value estimate for Evergy after the company announced it reached a settlement that will raise customer rates in Kansas next year. We expect regulators to approve the settlement later this year. Also, we are reaffirming our narrow moat rating.

Evergy formed in June 2018 when Great Plains Energy and Westar Energy merged after two years spent working through the regulatory approval process in Kansas and Missouri. With the integration complete and a new management team in place, Evergy is working to improve historically challenging regulation and invest in clean energy.

We are reaffirming our fair value estimates and economic moat ratings for all U.S. utilities after the sector fell nearly 5% on Monday. We think the sector's 11% drop since last week offers a rare opportunity for investors to buy high-quality utilities at very attractive prices.

We are reaffirming our $65 fair value estimate for Evergy after analyzing second-quarter results and recent regulatory developments in Kansas. We are also reaffirming our narrow moat rating.

We are reaffirming our $65 per share fair value estimate for Evergy after the company announced earning $0.59 per share on an adjusted basis during the first quarter of 2023, up from $0.56 in the same period last year. We are reaffirming our narrow moat and stable moat trend ratings.

Evergy formed in June 2018 when Great Plains Energy and Westar Energy completed their merger after two years spent working through the regulatory approval process in Kansas and Missouri. With the integration complete and a new management team in place, Evergy is working to improve historically challenging regulation and invest in clean energy.

We are reaffirming our $64 per share fair value estimate for Evergy after the company announced earning $3.71 per share on an adjusted basis in 2022, up from $3.46 in 2021. We are reaffirming our narrow moat and stable moat trend ratings.

Evergy formed in June 2018 when Great Plains Energy and Westar Energy completed their merger after two years spent working through the regulatory approval process in Kansas and Missouri. With the integration complete and a new management team in place, Evergy is working to improve historically challenging regulation and invest in clean energy.