Shares of Evergy Inc. (NYSE:EVRG) traded today at $68.01, eclipsing its 52-week high. This new high was reached on below average trading volume as 468,000 shares traded hands, while the average 30-day volume is approximately 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.
Over the past year, Evergy Inc. has traded in a range of $48.61 to $68.01 and is now at $68.00, 40% above that low.
Evergy Inc. (NYSE:EVRG) is currently priced 22.1% above its average consensus analyst price target of $52.96.
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