Great Plains Energy Incorporated (GXP) Position Decreased by Ameritas Investment Partners Inc.

Ameritas Investment Partners Inc. decreased its stake in shares of Great Plains Energy Incorporated (NYSE:GXP) by 2.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 63,492 shares of the utilities provider’s stock after selling 1,404 shares during the period. Ameritas Investment Partners Inc.’s holdings in Great Plains Energy were worth $1,855,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently made changes to their positions in GXP. Zimmer Partners LP increased its stake in shares of Great Plains Energy by 40.6% in the fourth quarter. Zimmer Partners LP now owns 7,065,211 shares of the utilities provider’s stock worth $193,234,000 after buying an additional 2,038,612 shares in the last quarter. Boston Partners increased its stake in shares of Great Plains Energy by 33.5% in the first quarter. Boston Partners now owns 6,790,947 shares of the utilities provider’s stock worth $198,431,000 after buying an additional 1,705,973 shares in the last quarter. Two Sigma Investments LP increased its stake in shares of Great Plains Energy by 27.4% in the fourth quarter. Two Sigma Investments LP now owns 3,797,319 shares of the utilities provider’s stock worth $103,857,000 after buying an additional 817,654 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in shares of Great Plains Energy by 434.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 991,293 shares of the utilities provider’s stock worth $27,112,000 after buying an additional 805,780 shares in the last quarter. Finally, Monashee Investment Management LLC bought a new stake in shares of Great Plains Energy during the third quarter worth about $20,468,000. Hedge funds and other institutional investors own 90.15% of the company’s stock.

Institutional Ownership by Quarter for Great Plains Energy (NYSE:GXP)

Shares of Great Plains Energy Incorporated (NYSE:GXP) traded up 1.60% during mid-day trading on Friday, reaching $28.52. 3,404,317 shares of the company’s stock were exchanged. The company’s 50 day moving average is $28.98 and its 200 day moving average is $28.05. The stock has a market capitalization of $6.14 billion, a PE ratio of 23.63 and a beta of 0.40. Great Plains Energy Incorporated has a 1-year low of $25.85 and a 1-year high of $31.24.

Great Plains Energy (NYSE:GXP) last issued its earnings results on Thursday, May 4th. The utilities provider reported $0.13 EPS for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.01. The business had revenue of $570.70 million during the quarter, compared to analysts’ expectations of $584.92 million. Great Plains Energy had a net margin of 8.06% and a return on equity of 7.87%. During the same period in the prior year, the business earned $0.17 earnings per share. Equities research analysts anticipate that Great Plains Energy Incorporated will post $1.74 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 20th. Stockholders of record on Tuesday, May 30th will be given a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.92%. The ex-dividend date of this dividend is Thursday, May 25th. Great Plains Energy’s dividend payout ratio (DPR) is 79.71%.

COPYRIGHT VIOLATION WARNING: This news story was originally reported by Mideast Time and is owned by of Mideast Time. If you are accessing this news story on another website, it was copied illegally and republished in violation of US and international trademark and copyright legislation. The original version of this news story can be accessed at https://www.mideasttime.com/great-plains-energy-incorporated-gxp-position-decreased-by-ameritas-investment-partners-inc/1708555.html.

A number of analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Great Plains Energy from a “hold” rating to a “sell” rating in a report on Wednesday, February 8th. Barclays PLC reiterated an “equal weight” rating and issued a $30.00 price target (up from $27.00) on shares of Great Plains Energy in a report on Saturday, March 11th. Finally, Evercore ISI reiterated an “outperform” rating and issued a $31.00 price target on shares of Great Plains Energy in a report on Thursday, March 30th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $31.88.

Great Plains Energy Company Profile

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 Kansas.

5 Day Chart for NYSE:GXP

Want to see what other hedge funds are holding GXP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Great Plains Energy Incorporated (NYSE:GXP).

Receive News & Ratings for Great Plains Energy Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Great Plains Energy Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply

 
© 2006-2017 Mideast Time.