Great Plains Energy Inc. (NYSE:GXP) shares dropped 1.1% during trading on Tuesday . The company traded as low as $30.80 and last traded at $30.88, with a volume of 547,479 shares changing hands. The stock had previously closed at $31.22.

GXP has been the topic of a number of research reports. Zacks Investment Research downgraded shares of Great Plains Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, March 29th. Barclays PLC downgraded shares of Great Plains Energy from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $28.97 to $28.00 in a research report on Thursday, June 2nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $30.00.

The stock has a market cap of $4.74 billion and a PE ratio of 21.63. The stock has a 50-day moving average price of $29.95 and a 200 day moving average price of $29.89.

Great Plains Energy (NYSE:GXP) last posted its earnings results on Thursday, May 5th. The company reported $0.17 EPS for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.03. During the same quarter last year, the firm posted $0.12 earnings per share. On average, analysts forecast 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 $0.2625 dividend. The ex-dividend date of this dividend was Wednesday, May 25th. This represents a $1.05 dividend on an annualized basis and a yield of 3.40%.

A number of hedge funds and institutional investors recently bought and sold shares of GXP. Sei Investments Co. boosted its position in 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. boosted its position in 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 boosted its position in 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 boosted its position in 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. boosted its position in 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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