Great Plains Energy (GXP) Receives Daily Media Sentiment Rating of 0.31

Media stories about Great Plains Energy (NYSE:GXP) have been trending positive on Thursday, Accern reports. The research group rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Great Plains Energy earned a media sentiment score of 0.31 on Accern’s scale. Accern also gave news stories about the utilities provider an impact score of 42 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:

Insider Buying and Selling by Quarter for Great Plains Energy (NYSE:GXP)

Shares of Great Plains Energy (NYSE:GXP) traded down 0.71% during trading on Thursday, hitting $29.50. The stock had a trading volume of 836,877 shares. The firm’s 50 day moving average is $28.82 and its 200 day moving average is $28.36. Great Plains Energy has a 1-year low of $25.85 and a 1-year high of $31.24. The company has a market cap of $6.35 billion, a PE ratio of 24.44 and a beta of 0.47.

Great Plains Energy (NYSE:GXP) last released its quarterly earnings results on Thursday, May 4th. The utilities provider reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.01. The firm had revenue of $570.70 million for the quarter, compared to analysts’ expectations of $584.92 million. Great Plains Energy had a net margin of 9.50% and a return on equity of 6.52%. During the same quarter in the prior year, the firm posted $0.17 earnings per share. Equities research analysts anticipate that Great Plains Energy will post $1.74 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 20th. Stockholders of record on Tuesday, May 30th were issued a $0.275 dividend. The ex-dividend date was Thursday, May 25th. This represents a $1.10 annualized dividend and a dividend yield of 3.73%. Great Plains Energy’s payout ratio is currently 82.09%.

A number of research firms have commented on GXP. Zacks Investment Research upgraded Great Plains Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, April 19th. BidaskClub upgraded Great Plains Energy from a “hold” rating to a “buy” rating in a research note on Wednesday. Barclays PLC restated an “equal weight” rating and set a $30.00 price objective (up previously from $27.00) on shares of Great Plains Energy in a research note on Saturday, March 11th. Finally, Evercore ISI restated an “outperform” rating and set a $31.00 price objective on shares of Great Plains Energy in a research note on Thursday, March 30th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Great Plains Energy presently has an average rating of “Buy” and a consensus price target of $31.75.

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About Great Plains Energy

Great Plains Energy Incorporated (Great Plains Energy) is a utility holding company. The Company operates through electric utility segment. The Company’s subsidiaries with operations include Kansas City Power & Light Company (KCP&L) and KCP&L Greater Missouri Operations Company (GMO). KCP&L is an integrated, regulated electric utility that provides electricity to customers primarily in the states of Missouri and TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “GXP”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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