PNW - Reasons to Add Evergy Shares to Your Portfolio Now | Benzinga
Evergy's (NASDAQ: EVRG) systematic investments to strengthen its infrastructure will assist it in improving service reliability. EVRG continues to benefit from its expansion of operations in the transmission market through collaborations, strategic acquisitions and partnerships. Given its growth opportunities, EVRG makes for a solid investment option in the utility sector.
Let's focus on the factors that make this Zacks Rank #2 (Buy) company a promising investment pick at the moment.
Growth Projections
The Zacks Consensus Estimate for EVRG's 2024 earnings per share has increased 0.3% to $3.84 in the past 90 days.
The company's long-term (three to five years) earnings growth rate is 5%.
Strategic Investments
The company is targeting nearly $12.5 billion of expected base capital investments through 2028, including a new generation of around $2.9 billion. This is expected to be primarily ...