Great Plains Energy Inc. (NYSE:GXP) was down 2.4% during mid-day trading on Friday . The company traded as low as $28.33 and last traded at $28.57, with a volume of 1,028,605 shares changing hands. The stock had previously closed at $29.28.

A number of equities research analysts have recently issued reports on GXP shares. Barclays PLC downgraded shares of Great Plains Energy from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $28.97 to $28.00 in a research report on Thursday, June 2nd. Zacks Investment Research downgraded shares of Great Plains Energy from a “hold” rating to a “sell” rating in a research report on Monday, April 18th. Finally, JPMorgan Chase & Co. reiterated a “hold” rating on shares of Great Plains Energy in a research report on Tuesday, July 19th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $30.43.

The company has a market capitalization of $4.41 billion and a PE ratio of 20.13. The stock has a 50-day moving average of $30.05 and a 200 day moving average of $30.15.

Great Plains Energy (NYSE:GXP) last posted its earnings results on Thursday, August 4th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.39 by $0.16. During the same quarter in the prior year, the firm posted $0.28 earnings per share. Analysts predict that Great Plains Energy Inc. will post $1.73 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 20th. Shareholders of record on Monday, August 29th will be given a $0.2625 dividend. This represents a $1.05 annualized dividend and a yield of 3.68%. The ex-dividend date of this dividend is Thursday, August 25th.

A number of hedge funds and institutional investors have recently bought and sold shares of the company. 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 valued at $1,053,000 after buying an additional 9,021 shares during the period. 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 valued at $1,184,000 after buying an additional 982 shares during the period. 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 valued at $1,220,000 after buying an additional 133 shares during the period. Victory Capital Management Inc. boosted its position in Great Plains Energy by 0.4% in the fourth quarter. Victory Capital Management Inc. now owns 105,708 shares of the company’s stock valued at $2,887,000 after buying an additional 374 shares during the period. Finally, Bank of Montreal Can boosted its position in Great Plains Energy by 4.0% in the fourth quarter. Bank of Montreal Can now owns 267,564 shares of the company’s stock valued at $7,307,000 after buying an additional 10,204 shares during the period.

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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