Great Plains Energy Inc. (NYSE:GXP) shares traded up 1.2% during mid-day trading on Tuesday . The stock traded as high as $30.95 and last traded at $30.95, with a volume of 789,216 shares. The stock had previously closed at $30.59.

Several research analysts recently issued reports on the stock. Barclays PLC cut shares of Great Plains Energy from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $28.97 to $28.00 in a report on Thursday, June 2nd. Zacks Investment Research upgraded shares of Great Plains Energy from a “sell” rating to a “hold” rating in a research report on Monday, May 23rd. SunTrust Banks Inc. upped their target price on shares of Great Plains Energy from $30.00 to $31.00 and gave the stock a “neutral” rating in a research report on Monday, March 14th. JPMorgan Chase & Co. upped their target price on shares of Great Plains Energy from $27.00 to $30.00 and gave the stock a “neutral” rating in a research report on Friday, March 11th. Finally, Argus upped their target price on shares of Great Plains Energy from $31.00 to $34.00 and gave the stock a “buy” rating in a research report on Thursday, March 10th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $30.00.

The company’s 50 day moving average is $29.92 and its 200-day moving average is $29.77. The firm has a market cap of $4.78 billion and a price-to-earnings ratio of 21.83.

Great Plains Energy (NYSE:GXP) last posted its quarterly earnings results on Thursday, May 5th. The company reported $0.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.03. During the same quarter last year, the business earned $0.12 earnings per share. Equities research analysts predict that Great Plains Energy Inc. will post $1.72 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 20th. Investors of record on Friday, May 27th were given a $0.2625 dividend. The ex-dividend date was Wednesday, May 25th. This represents a $1.05 annualized dividend and a yield of 3.39%.

A number of hedge funds have recently modified their holdings of GXP. Sei Investments Co. increased its stake in shares of Great Plains Energy by 30.5% in the fourth quarter. Sei Investments Co. now owns 38,571 shares of the company’s stock valued at $1,053,000 after buying an additional 9,021 shares in the last quarter. Advisors Asset Management Inc. increased its stake in shares of Great Plains Energy by 2.3% in the fourth quarter. Advisors Asset Management Inc. now owns 43,358 shares of the company’s stock valued at $1,184,000 after buying an additional 982 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Great Plains Energy by 0.3% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 44,688 shares of the company’s stock valued at $1,220,000 after buying an additional 133 shares in the last quarter. Private Advisor Group LLC increased its stake in shares of Great Plains Energy by 5.8% in the fourth quarter. Private Advisor Group LLC now owns 75,053 shares of the company’s stock valued at $2,050,000 after buying an additional 4,136 shares in the last quarter. Finally, Liberty Mutual Group Asset Management Inc. increased its stake in shares of Great Plains Energy by 51.4% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 99,480 shares of the company’s stock valued at $2,718,000 after buying an additional 33,774 shares in the last quarter.

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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