Shares of Evergy Inc. (NYSE:EVRG) traded today at $69.20, eclipsing its 52-week high. Approximately 388,000 shares have changed hands today, as compared to an average 30-day volume of 1.2 million shares.
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.
In the past 52 weeks, Evergy Inc. share prices are bracketed by a low of $48.61 and a high of $69.20 and is now at $68.71, 41% above that low price.
Evergy Inc. (NYSE:EVRG) is currently priced 21.3% above its average consensus analyst price target of $54.05.
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