Analyst Note| Travis Miller |
We are reaffirming our $63 per share fair value estimate for Evergy after the company announced earning $2.01 per share on an adjusted basis in the third quarter. Year-to-date EPS is $3.43, up 2% from the same period in 2021. Evergy remains on track to meet our full-year 2022 outlook, in line with management's $3.53-$3.63 EPS guidance range. We are reaffirming our narrow moat and stable moat trend ratings.