Evergy (EVRG) Reports In-Line Q2 EPS; Provides FY20 EPS Outlook

Report Evergy (EVRG) Sale Stalled 'Concerning' - Guggenheim

August 4, 2020 12:54 PM EDT

Guggenheim analyst Shahriar Pourreza weighed in on Evergy (NYSE: EVRG) following reports the sale process will not move forward and the company is instead planning to lay out a modified standalone plan to investors with the 2Q earnings release tomorrow... More

U.S. utility Evergy plans to remain independent company: sources

August 4, 2020 12:13 PM EDT

By David French

(Reuters) - Evergy Inc (NYSE: EVRG) plans to remain independent after the board of the U.S. Midwest utility decided that bids solicited from prospective merger partners did not offer sufficient value, two sources familiar with the matter said on Tuesday.

The news dropped Evergy's stock more than 10% to its lowest price since mid-May.

The company had been reviewing strategic options under a March agreement with activist investor Elliott Management Corp,... More

Ameren Corp (AEE) Gains as Evergy (EVRG) Forgoes Sale

August 4, 2020 12:01 PM EDT

Ameren Corp (NYSE: AEE) gains on reports Evergy (NYSE: EVRG) has decided to remain independent and not sell itself. AEE was seen as the lead bidder to acquire EVRG.

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Evergy (EVRG) Decides to Forgo Sale and Remain Independent - Bloomberg

August 4, 2020 11:46 AM EDT

(Updated - August 4, 2020 11:49 AM EDT)

Evergy (NYSE: EVRG) has decided to remain independent after talking to several potential buyers, according to Bloomberg, citing people familiar with the matter.

The company had reached out to several potential suitors but decided there... More

Wall St. ends higher as investors eye stimulus

August 4, 2020 7:08 AM EDT

By Noel Randewich and Gertrude Chavez-Dreyfuss

(Reuters) - Wall Street ended higher after a choppy session on Tuesday, lifted by Apple and energy stocks but limited by declines in AIG and Microsoft while investors awaited more U.S. government stimulus to fight economic fallout from the COVID-19 pandemic.

Apple (NASDAQ: AAPL) climbed 0.7%, up for a fifth straight session as investors cheered the iPhone maker's blowout quarterly report last week. The Silicon Valley heavyweight is around $120 billion away from becoming the first U.S. publicly listed company with a stock market value of $2... More

Wolfe Research Downgrades Evergy (EVRG) to Peerperform

August 3, 2020 9:33 AM EDT

Wolfe Research analyst Steve Fleishman downgraded Evergy (NYSE: EVRG) from Outperform to Peerperform with a price target of $65.00 (from $63.00).

For an analyst ratings summary and ratings history on Evergy click here. For more ratings news on Evergy click here.

Shares of Evergy closed at $64.83 yesterday.

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