Evergy, Inc. (EVRG)

Evergy's stock price has increased by 28.51% over the past year. Analyst actions, including RBC Capital initiating coverage with an "Outperform" rating and price target of $93.00, and adjustments from Mizuho, Jefferies Financial Group, and Barclays, have impacted the stock. Evergy reported EPS of $0.82 for the last quarter, surpassing estimates, though quarterly revenue decreased. Insider selling has been noted in the past three months.

Demand for electricity is higher during the hot summer months due to increased air conditioning usage and can also be elevated in the winter months for heating purposes. Demand typically falls during off-peak hours, weekends, and on observed holidays.

Evergy, Inc. is an investor-owned utility holding company providing electricity services to customers across Kansas and Missouri. The company generates, transmits, and distributes electricity to approximately 1.7 to 1.8 million customers, utilizing a diverse portfolio of energy sources, and offers renewable energy options and energy efficiency programs.

Evergy's service territory covers the eastern half of Kansas and the western half of Missouri, with over 62,000 miles of transmission and distribution lines and more than 800 substations. The company also operates energy centers in Oklahoma and Mississippi.

Evergy is known for delivering clean, safe, and reliable energy, with a focus on sustainability. The company is investing in renewable energy projects, aiming for carbon neutrality by 2045, and is committed to grid modernization. Evergy emphasizes customer service and community engagement, and is exploring siting TerraPower's Natrium® reactor and energy storage system within its service territory.

Institutional investors hold a substantial majority of Evergy's stock, owning between 85.96% and 91.1% of the company's shares. The largest institutional shareholders include The Vanguard Group, Inc., BlackRock, Inc., and State Street Global Advisors, Inc. Individual investors hold around 13.74% of the company's stock, while company insiders hold a very small percentage, typically under 1%.