Great Plains Energy Inc. (NYSE:GXP) had its target price upped by SunTrust Banks Inc. from $29.00 to $30.00 in a report released on Monday morning. SunTrust Banks Inc. currently has a neutral rating on the stock.
A number of other equities analysts have also weighed in on GXP. Barclays PLC lowered shares of Great Plains Energy from an equal weight rating to an underweight rating and lowered their price target for the stock from $28.97 to $28.00 in a research report on Thursday, June 2nd. JPMorgan Chase & Co. restated a hold rating on shares of Great Plains Energy in a research report on Tuesday, July 19th. Finally, Zacks Investment Research upgraded shares of Great Plains Energy from a hold rating to a buy rating and set a $33.00 price target on the stock in a research report on Tuesday, August 2nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $30.29.
Great Plains Energy (NYSE:GXP) traded down 1.29% during trading on Monday, hitting $27.58. 302,355 shares of the stock were exchanged. The stock’s 50 day moving average price is $27.64 and its 200 day moving average price is $29.92. The stock has a market cap of $4.26 billion, a P/E ratio of 20.63 and a beta of 0.43. Great Plains Energy has a 12 month low of $25.44 and a 12 month high of $32.74.
Great Plains Energy (NYSE:GXP) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.16. Great Plains Energy had a net margin of 8.03% and a return on equity of 7.16%. During the same quarter last year, the firm earned $0.28 EPS. Analysts forecast that Great Plains Energy will post $1.74 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 20th. Shareholders of record on Monday, August 29th were issued a $0.2625 dividend. The ex-dividend date was Thursday, August 25th. This represents a $1.05 annualized dividend and a yield of 3.76%. Great Plains Energy’s payout ratio is 78.36%.
Large investors have recently added to or reduced their stakes in the stock. BlackRock Institutional Trust Company N.A. increased its stake in Great Plains Energy by 2.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 4,535,827 shares of the company’s stock worth $146,280,000 after buying an additional 120,339 shares during the period. BlackRock Group LTD increased its stake in Great Plains Energy by 30.7% in the first quarter. BlackRock Group LTD now owns 230,737 shares of the company’s stock worth $7,442,000 after buying an additional 54,168 shares during the period. BlackRock Inc. increased its stake in Great Plains Energy by 20.2% in the first quarter. BlackRock Inc. now owns 93,986 shares of the company’s stock worth $3,031,000 after buying an additional 15,797 shares during the period. Teachers Advisors Inc. increased its stake in Great Plains Energy by 50.6% in the first quarter. Teachers Advisors Inc. now owns 211,347 shares of the company’s stock worth $6,816,000 after buying an additional 71,034 shares during the period. Finally, TIAA CREF Investment Management LLC increased its stake in Great Plains Energy by 33.2% in the first quarter. TIAA CREF Investment Management LLC now owns 328,006 shares of the company’s stock worth $10,578,000 after buying an additional 81,663 shares during the period. 80.49% of the stock is currently owned by institutional investors and hedge funds.
Great Plains Energy Company Profile
Great Plains Energy Incorporated is a public utility holding company. The Company operates through electric utility segment. The Company does not own or operate any assets other than the stock of its subsidiaries. The Company’s subsidiaries with operations include Kansas City Power & Light Company (KCP&L) and KCP&L Greater Missouri Operations Company (GMO).
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