Evergy: There's Still Time To Buy This Utility Now

(12min)

Summary

  • Evergy, Inc.'s 20-year dividend growth streak establishes it as a reliable dividend grower.
  • The electric utility's five-year capital spending plan bodes well for annual rate base and adjusted EPS growth over the medium term.
  • Evergy is well-capitalized and can leverage its BBB+ credit rating from S&P to secure capital at a low cost.
  • The electric utility appears to be priced 10% below fair value.
  • Evergy could be set up to generate 12% annual total returns through 2026.
  • Looking for more investing ideas like this one? Get them exclusively at iREIT®+HOYA Capital. Learn More »

Electricity Supply Through the Countryside

georgeclerk/E+ via Getty Images

This article was co-produced with Kody Kester.

Longtime readers are probably aware of how much I enjoy covering regulated utilities. Over the years, I have covered more than two dozen regulated gas, electric, and water utilities. Newer readers may be

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This article was written by

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Brad Thomas has over 30 years of real estate investing experience and has acquired, developed, or brokered over $1B in commercial real estate transactions. He has been featured in Barron's, Bloomberg, Fox Business, and many other media outlets. He's the author of four books, including the latest, REITs For Dummies.

Brad, along with HOYA Capital, lead the investing group iREIT®+HOYA Capital. The service covers REITs, BDCs, MLPs, Preferreds, and other income-oriented alternatives. The team of analysts has a combined 100+ years of experience and includes a former hedge fund manager, due diligence officer, portfolio manager, PhD, military veteran, and advisor to a former U.S. President.

Note: Brad is also related to Nicholas Thomas who contributes to Seeking Alpha.

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Analyst’s Disclosure:I/we have a beneficial long position in the shares of GOOGL, META, IRET either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Author's note: Brad Thomas is a Wall Street writer, which means he's not always right with his predictions or recommendations. Since that also applies to his grammar, please excuse any typos you may find. Also, this article is free: Written and distributed only to assist in research while providing a forum for second-level thinking.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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