Great Plains Energy Inc. (NYSE:GXP)’s share price fell 2.4% during mid-day trading on Friday . The stock 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.

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

The firm has a market capitalization of $4.41 billion and a price-to-earnings ratio of 20.13. The company’s 50 day moving average price is $30.05 and its 200 day moving average price is $30.15.

Great Plains Energy (NYSE:GXP) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.16. During the same quarter last year, the firm earned $0.28 earnings per share. On average, equities analysts anticipate that Great Plains Energy Inc. will post $1.73 EPS for the current fiscal year.

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

A number of institutional investors have recently made changes to their positions in GXP. Sei Investments Co. boosted its position 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. boosted its position 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 boosted its position 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. Victory Capital Management Inc. boosted its position in shares of 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 in the last quarter. Finally, Bank of Montreal Can boosted its position in shares of 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 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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