Great Plains Energy Inc. (NYSE:GXP) shares saw strong trading volume on Thursday . 1,978,317 shares traded hands during trading, a decline of 5% from the previous session’s volume of 2,080,030 shares.The stock last traded at $30.28 and had previously closed at $30.87.

A number of brokerages recently commented on GXP. Zacks Investment Research lowered shares of Great Plains Energy from a “hold” rating to a “sell” rating in a research note on Monday, April 11th. Barclays PLC lowered shares of Great Plains Energy from an “equal weight” rating to an “underweight” rating and decreased their price target for the company from $28.97 to $28.00 in a research note on Thursday, June 2nd. One research 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. Great Plains Energy presently has a consensus rating of “Hold” and a consensus target price of $30.00.

The stock has a 50-day moving average price of $29.94 and a 200 day moving average price of $29.90. The firm has a market cap of $4.68 billion and a PE ratio of 21.37.

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

The business also recently announced a quarterly dividend, which was paid on Monday, June 20th. Shareholders of record on Friday, May 27th were given a dividend of $0.2625 per share. The ex-dividend date was Wednesday, May 25th. This represents a $1.05 annualized dividend and a yield of 3.46%.

Other large investors have made changes to their positions in the company. Sei Investments Co. raised 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 worth $1,053,000 after buying an additional 9,021 shares during the last quarter. Advisors Asset Management Inc. raised 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 worth $1,184,000 after buying an additional 982 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised 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 worth $1,220,000 after buying an additional 133 shares during the last quarter. Private Advisor Group LLC raised 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 worth $2,050,000 after buying an additional 4,136 shares during the last quarter. Finally, Liberty Mutual Group Asset Management Inc. raised 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 worth $2,718,000 after buying an additional 33,774 shares during 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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