Stock Pulse
Evergy reported strong 2024 results, exceeding adjusted EPS expectations and declaring a dividend [5]. They also increased their capital investment plan to $17.5B through 2029, driven by strong demand and positive regulatory interactions [5]. However, future growth is projected at 3.9%, lower than the industry average of 5.3% [6]. While short-term returns have been impressive (39% TSR over one year) [4], longer-term returns are less so (4% over three years) [4], and ROCE remains stagnant at a low 5.1% despite increased capital employed [1]. Increased electricity demand from a strained power grid and growing AI data centers presents a growth opportunity [2], but unidentified risk factors and market volatility remain a concern [1], [5]. An SEC filing disclosed a director's increased ownership stake [7].