it is a adjective.
as a result, effect, or outcome; therefore: There has been a great deal of rain and consequently the reservoirs are full.
The English word 'consequently' has a couple of different senses or meanings: 1: as a consequence; 2: (sentence connectors) because of the reason given
I do like milk; however, I prefer chocolate milk.
That is the correct spelling of the word "consequently" (as a result).