Report
Charles Fishman
EUR 100.00 For Business Accounts Only

Management Meeting: Increased Confidence Evergy Will Achieve Merger Savings Targets

We are increasing our fair value estimate to $58 from $55 per share after Evergy reported strong pro forma 2018 third-quarter earnings, increased its dividend, and reaffirmed its 6%-8% EPS growth guidance through 2021. Following the earnings release, we had the opportunity to meet with Evergy’s CEO Terry Bassham and CFO Tony Somma at the Edison Electric Financial Conference in San Francisco.
Discussion at the EEI meeting gave us additional confidence the recently completed merger would achieve t...
Underlying
Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Charles Fishman

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