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Stock impact report

Evergy raised to Buy at BofA on improved regulatory view in Kansas, Missouri [Seeking Alpha]

Evergy, Inc. (EVRG) 
Last evergy, inc. earnings: 11/6 04:30 pm Check Earnings Report
Company Research Source: Seeking Alpha
from $51, citing an improved regulatory and legislative backdrop for the Kansas- and Missouri-based utility. Kansas House Bill 2527 including the proposed plant in service accounting mechanism passed the state legislature on March 12, is "doubly supportive" for Evergy ( EVRG ) as it would reduce regulatory lag supporting higher earned return on equity and provide for earnings growth stability and visibility, according to BofA's Julien Dumoulin-Smith. Separately, Missouri has its own draft legislation that would expand and extend plant in service accounting, further de-risking shares, the analyst says. Evergy ( EVRG ) has overcome a wide range of regulatory challenges in both Kansas and Missouri but "has finally recalibrated its outlook and made progress with influential intervenors in both states from our discussions," Dumoulin-Smith says, believing the ongoing Missouri rate case and next Kansas rate cases will be less controversial. Recommended For You More Trending News Show less Read more
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