Kansas City, Missouri-based Evergy, Inc. (EVRG) engages in the generation, transmission, distribution, and sale of electricity in the United States. With a market cap of $13.5 billion, Evergy serves residences, commercial firms, industries, municipalities, and other electric utilities.
Shares of the utilities major have underperformed the broader market over the past year. Over the past 52 weeks, EVRG has gained 2.6% compared to the S&P 500 Index's ($SPX) 28.1% rally. In 2024, EVRG stock is up 10.8%, lagging behind SPX’s 17.3% returns on a YTD basis.
