AllAnalyst Report
logoMorningstarJanuary 22, 2021

Evergy, Inc.: Biden's Green Agenda Offers Growth Potential for Utilities

Symbols
EVRG
Sector(s)
Utilities
Rating
Current Price
$50.96
Fair Value
Economic Moat
Stewardship
Summary

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

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Analyst Profile

Charles Fishman

Equity Analyst
Charles Fishman, CFA, is an equity analyst for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc. He covers utilities.Before joining Morningstar in 2012, Fishman spent 12 years as an analyst covering utilities and alternative energy stocks for A.G. Edwards, Piper Jaffray, and Pritchard Capital. Before becoming an analyst, Fishman was the president of the subsidiaries of two NYSE-listed companies that were early entrants to the independent power industry. Both companies underwent initial public offerings during his 13 years as a senior manager.Fishman holds a bachelor’s degree in engineering from Purdue University, a master's degree in engineering from the University of California at Berkeley, and a master's degree in business administration from the University of Chicago Booth School of Business. He also holds the Chartered Financial Analyst® designation.