EVRG News and Headlines - Evergy Inc
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The stock of Evergy (NYSE:EVRG, 30-year Financials) shows every sign of being fairly valued, according to GuruFocus Value calculation. GuruFocus Value is GuruFocus' estimate of the fair value at which the stock should be traded. It is calculated based on the historical multiples that the stock has traded at, the past business growth and analyst estimates of future business performance. If the price of a stock is significantly above the GF Value Line, it is overvalued and its future return is likely to be poor. On the other hand, if it is significantly below the GF Value Line,
According to GuruFocus Insider Data, these were the largest CEO buys during the past week.
Editas Medicine
Editas Medicine Inc. (EDIT) CEO James C. Mullen bought 25,000 shares on March 2 at a price of $46.27. The price of the stock has decreased by 10.03% since then.
Editas Medicine is a U.S.-based genome editing company. It is engaged in treating patients with genetically defined diseases by correcting disease-causing genes. The company focuses on developing a proprietary genome editing platform based on clustered, regularly interspaced short palindromic repeats (CRISPR)/ CRISPR-associated protein 9 (Cas9 technology).
The
Selecting stocks whose market capitalization surpasses $5 billion and whose price-book ratio is standing below 1.5 could grant value investors a higher chance to find opportunities amid U.S.-listed equities.
Thus, value investors may be interested in the following stocks, as they possess the above-listed criteria and are recommended by Wall Street.
Liberty Formula One Group
The first company that possesses the above characteristics is Liberty Formula One Group (FWONA), an Englewood, Colorado-based holder of commercial rights for its namesake world motor racing championship.
The stock price was trading at around $38.97 per share at close on Feb. 3 for
Daniel Loeb (Trades, Portfolio)'s Third Point Management sold shares of the following stocks during the third quarter, which ended on Sept. 30.
Baxter International
The firm closed its stake in Baxter International Inc. (BAX). The trade had an impact of -4.73% on the portfolio.
The medical products manufacturer has a market cap of $42 billion and an enterprise value of $44 billion.
GuruFocus gives the company a profitability and growth rating of 6 out of 10. The return on equity of 11.41% and return on assets of 4.83% are outperforming 68%
Growth-focused investors may want to consider the following stocks since their price-earnings ratios are less than 20 and their earnings per share have grown significantly over the past year.
Public Service Enterprise Group
The first company that qualifies is Public Service Enterprise Group Inc. (PEG), a New Jersey-based electricity and gas utilities provider for the Northeastern and Mid-Atlantic regions of the United States.
The company's trailing 12-month net earnings increased by nearly 20% to $3.42 per share as of the second quarte, up from $2.88 per share in the prior-year quarter.
The price-earnings ratio is 15.25 (versus the industry median
The following companies have grown their earnings per share over a five-year period. According to the GuruFocus discounted cash flow calculator as of June 22, some of them also trade with a margin of safety.
Algonquin Power & Utilities
Algonquin Power & Utilities Corp.'s (AQN) earnings per share have grown 25.7% per annum over the past five years.
According to the DCF calculator, the stock is undervalued with a 17.51% margin of safety at $13.43 per share. The price-earnings ratio is 18.93. The share price has been as high as $16.85 and as
According to the GuruFocus list of 52-week highs, these Guru stocks have reached their 52-Week Highs.
Tyler Technologies Inc. reached the 52-week high of $323.68
Tyler Technologies Inc. (TYL) is a provider of integrated information management solutions for the public sector, with a focus on local governments. Its services are geared toward meeting the operational technology needs of cities, counties, schools and other local government entities.
The price of Tyler Technologies Inc. shares has reached $323.68, which is 0.2% off the 52-week high of $324.39. Tyler Technologies Inc. has a market cap of $12.62
U.S. stocks were in the red on Wednesday as the yield on the two-year Treasury note was higher than the 10-year note. An inversion in the yield curve is a signal of recession. The Dow Jones Industrial Average lost 3.05% to 25,479, the S&P 500 index declined 2.93% to 2,840 and the Nasdaq Composite Index retreated 3.02% to 7,773.
Shares of Huya Inc. (HUYA) gained almost 0.5% after announcing second-quarter results.
The Chinese broadcasting company posted earnings of 11 cents per share on $292.9 mllion in revenue, reflecting 93.7% growth from the prior-year quarter. The company beat earnings estimates by
Evergy Inc. (NYSE:EVRG) (3.5%) (EVRG – $56.77 – NYSE) was formed in June 2018 via the Great Plains Energy and Westar merger of equals. The combined company serves 1.6 million electric customers in Missouri and Kansas, with 13.1 GWs of generation, including 3.1 GWs of wind. The companies expect the transaction to be accretive (to respective stand-alone earnings) in the first year after closing and then generate 6%-8% annual earnings growth, which is higher than stand-alone 4%-6% projections. Management has identified $160 million in annual merger savings by 2022. EVRG has $1.25 billion in cash on its balance sheet,
To Our Shareholders,
For the quarter ended December 31, 2018, the net asset value (NAV) per Class AAA Share of The Gabelli Utilities Fund decreased 4.4% compared with an increase of 1.4% for the Standard & Poor’s (S&P) 500 Utilities Index (SPU). Other classes of shares are available. See page 2 for additional performance information for all classes.
Utility Performance and Outlook
In 2018, the S&P 500 Utilities Index (SPU) returned 4.1% including dividends, compared with a 4.4% decrease in the S&P 500 Index (S&P 500). Since the S&P 500 market peak on September 20, 2018, the utility index outperformed
The $21.6 billion T. Rowe Price Equity Income Fund announced Tuesday that it added four new stocks from disparate industries to its portfolio in the third quarter.
The fund added Alaska Air Group Inc. (ALK), Evergy Inc. (EVRG), SL Green Realty Corp. (SLG) and AT&T Inc. (T), each making up less than 1% of the diversified portfolio. It has an outsized 26% weighting in financial services, followed by more even distribution across other sectors. The next largest is health care at 12.4% and energy at 11.2%.
John Linehan has managed the Equity Income Fund since taking over for Brian Rogers,
GAMCO Investments leader Mario Gabelli (Trades, Portfolio) disclosed 51 new positions when he released his second-quarter portfolio earlier this week.
The guru, who will be speaking at the 2019 GuruFocus Value Conference in Omaha, Nebraska next May, picks stocks of companies that are underpriced in order to achieve long-term growth of capital and provide current income. GAMCO strives to earn at least a 10% real rate of return on its investments.
Gabelli’s top five new buys for the quarter were Evergy Inc. (EVRG), USG Corp. (USG), Foundation Medicine Inc. (FMI), comScore Inc. (SCOR) and Abaxis
U.S. stock markets were trading in negative territory Friday morning, on news that the Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2% in July on a seasonally adjusted basis after rising 0.1% in June.
Shares of The Trade Desk Inc. (TTD) jumped more than 35% on Friday morning after the company posted second-quarter earnings for the three-month period ended June 30. The company recorded earnings per share of 60 cents on revenue of $
A total of four new stocks graced the $21 billion portfolio of the T Rowe Price Equity Income Fund (Trades, Portfolio) in the second quarter, filings showed.
The fund initiated top positions in the Manhattan-based real estate investment trust SL Green Realty Corp. (SLG), the West Coast airliner Alaska Air Group Inc. (ALK) and Kansas' largest electrical provider, Evergy Inc. (EVRG). It also started a smaller position in U.S. wireless carrier AT&T Inc. (T).
The fund held a total of 102 stocks for a quarter-over-quarter turnover of 4%. The majority of the equities are in financial services,
The T Rowe Price Equity Income Fund (Trades, Portfolio) released its second-quarter portfolio this week, listing several new positions.Â
The fund established a position in SL Green Realty Corp. (SLG), buying 1,230,000 shares. The trade had an impact of 0.62% on the portfolio.
The real estate investment trust has a market cap of $9.02 billion and an enterprise value of $14.46 billion.
GuruFocus gives the company a profitability and growth rating of 7 out of 10. The return on equity of 2.62% and return on assets of 1.30% are underperforming 84% of companies in the Global
T. Rowe Price Equity Income Fund (PRFDX) bought shares of the following stocks in both the first quarter of 2018 and fourth quarter of 2017.
Westar Energy Inc. (WR)
In the fourth quarter, the guru boosted its position by 1,337.99% and added another 59.03% in the first quarter.
With a market cap of $7.66 billion, the company acts as an electricity provider in Kansas. Its revenue of $2.57 billion has declined 0.40% over the past five years.
Jim Simons (Trades, Portfolio) is the largest shareholder of the company among the gurus
Westar Energy Inc.(1.9%)(WR–$53.02–NYSE)(NYSE:WR) is a Topeka, Kansas based electric utility company. On May 31, 2016, Westar agreed to be acquired by Great Plains Energy for $60 per share — $51 in cash consideration and $9 in Great Plains Energy common stock, for a total value of $12.2 billion. The deal was subject to shareholder and regulatory approvals and was expected to close in the spring of 2017, however the Kansas Corporation Commission blocked the deal. The companies reworked the merger in early July such that it became an all-stock merger of equals that addressed many of the Commission’s concerns.
Westar Energy Inc. (1.8%) (NYSE:WR) (WR – $49.61 – NYSE) is an electric utility serving 700,000 customers in central and northeastern Kansas. WR is well positioned to grow its earnings, given a constructive regulatory environment that allows for annual rate adjustments outside of a general rate case to recognize environmental and transmission investment. The company targets long-term EPS growth of 4%-6% off of its 2015 normalized earnings of $2.21 per share. In late 2015, WR implemented a $78 million rate increase based on a 53.45% equity ratio and an undisclosed ROE level (~9.35% inferred off of a 10.926% allowed
Westar Energy Inc. (WR)(1.7%) (WR – $38.44 – NYSE) is an electric utility serving 700,000 customers in central and northeastern Kansas. WR is well positioned to grow its earnings, given a constructive regulatory environment that allows for annual rate adjustments outside of a general rate case to recognize environmental and transmission investment. WR is expanding its 6,200 miles of transmission infrastructure by constructing smaller transmission projects in Kansas, and it plans to spend $225 million per year on transmission projects, despite the recently lowered allowed ROE for transmission. On August 6, 2015, the company reached a settlement with all major
Studying the investment history of some of the most successful investors in the world can help teach us methods they used so we can apply them in our own investing. Westar Energy Inc., a 1-Star Business Predictability ranked company, has been owned by multiple successful investors over the years.
What is interesting is the diversity of holding periods. Some gurus, such as Paul Tudor Jones, hold for short periods of time. This holding pattern is characteristic of short term traders. It could be a few minutes to a few weeks, but it
Headlines
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2021-04-09 $ 60.66 (-0.39%) | |
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2020-11-24 $ 55.8 (1.51%) | |
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2020-11-06 $ 55.04 (-0.27%) | |
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2020-11-05 $ 55.19 (-1.04%) | |
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2020-09-04 $ 51.87 (-1.09%) | |
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2020-08-24 $ 50.74 (0.65%) | |
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2020-08-17 $ 53.22 (-0.65%) | |
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2020-08-05 $ 53.53 (-3.38%) | |
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2020-08-04 $ 55.4 (-11.61%) | |
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2020-06-05 $ 63.06 (1.04%) | |
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2020-05-18 $ 58.92 (4.21%) | |
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2020-05-07 $ 55.87 (1.71%) | |
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2020-05-04 $ 56.63 (1.27%) | |
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2019-11-26 $ 63.5 (-0.14%) | |
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2019-02-04 $ 57.42 (0.35%) | |
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