GXP has been the subject of several other research reports. JPMorgan Chase & Co. raised their price objective on Great Plains Energy from $31.00 to $32.00 and gave the company a neutral rating in a research report on Friday, July 15th. Zacks Investment Research raised Great Plains Energy from a hold rating to a buy rating and set a $33.00 price objective for the company in a research report on Tuesday, August 2nd. Barclays PLC lowered Great Plains Energy from an equal weight rating to an underweight rating and lowered their price objective for the company from $28.97 to $28.00 in a research report on Thursday, June 2nd. Finally, SunTrust Banks Inc. raised their price objective on Great Plains Energy from $29.00 to $30.00 and gave the company a neutral rating in a research report on Monday, September 26th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Great Plains Energy has a consensus rating of Hold and a consensus price target of $31.29.
Great Plains Energy (NYSE:GXP) traded down 0.29% during trading on Friday, reaching $27.21. 1,817,721 shares of the company traded hands. Great Plains Energy has a 52 week low of $25.44 and a 52 week high of $32.74. The firm has a market capitalization of $4.20 billion, a price-to-earnings ratio of 20.35 and a beta of 0.45. The company’s 50-day moving average price is $27.53 and its 200 day moving average price is $29.83.
Great Plains Energy (NYSE:GXP) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.55 earnings per share for the quarter, beating the consensus estimate 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 period in the previous year, the company earned $0.28 EPS. On average, equities research analysts expect that Great Plains Energy will post $1.72 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 20th. Stockholders of record on Monday, August 29th were given a $0.2625 dividend. This represents a $1.05 annualized dividend and a dividend yield of 3.85%. The ex-dividend date was Thursday, August 25th. Great Plains Energy’s dividend payout ratio is presently 78.36%.
Several institutional investors have recently bought and sold shares of the company. Acadian Asset Management LLC bought a new position in Great Plains Energy during the first quarter valued at about $386,000. Gateway Investment Advisers LLC raised its position in shares of Great Plains Energy by 0.3% in the second quarter. Gateway Investment Advisers LLC now owns 106,925 shares of the company’s stock worth $3,251,000 after buying an additional 367 shares during the period. Boston Advisors LLC acquired a new position in shares of Great Plains Energy during the second quarter worth $12,162,000. Geode Capital Management LLC raised its position in shares of Great Plains Energy by 1.7% in the first quarter. Geode Capital Management LLC now owns 930,799 shares of the company’s stock worth $30,018,000 after buying an additional 15,812 shares during the period. Finally, Renaissance Technologies LLC raised its position in shares of Great Plains Energy by 71.7% in the first quarter. Renaissance Technologies LLC now owns 1,128,915 shares of the company’s stock worth $36,408,000 after buying an additional 471,315 shares during the period. 80.49% of the stock is owned by hedge funds and other institutional investors.
About Great Plains Energy
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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