Great Plains Energy Inc. (NYSE:GXP) shares fell 2.5% during trading on Friday . The stock traded as low as $27.16 and last traded at $27.19, with a volume of 1,387,432 shares traded. The stock had previously closed at $27.89.

Several brokerages have recently commented on GXP. Zacks Investment Research raised Great Plains Energy from a “sell” rating to a “hold” rating in a report on Monday, May 23rd. JPMorgan Chase & Co. boosted their price objective on Great Plains Energy from $31.00 to $32.00 and gave the stock a “neutral” rating in a report on Friday, July 15th. Finally, Barclays PLC lowered Great Plains Energy from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $28.97 to $28.00 in a report on Thursday, June 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $30.43.

The stock has a 50 day moving average of $29.27 and a 200 day moving average of $30.20. The stock has a market capitalization of $4.20 billion and a price-to-earnings ratio of 20.34.

Great Plains Energy (NYSE:GXP) last posted its earnings results on Thursday, August 4th. The company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.16. During the same period in the prior year, the company posted $0.28 earnings per share. On average, equities research analysts expect that Great Plains Energy Inc. will post $1.75 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 20th. Stockholders of record on Monday, August 29th will be paid a $0.2625 dividend. This represents a $1.05 annualized dividend and a dividend yield of 3.86%. The ex-dividend date of this dividend is Thursday, August 25th.

Other hedge funds and institutional investors recently bought and sold shares of the company. Ameriprise Financial Inc. increased its position in Great Plains Energy by 3.4% in the fourth quarter. Ameriprise Financial Inc. now owns 2,698,774 shares of the company’s stock valued at $73,705,000 after buying an additional 89,774 shares during the period. State of Tennessee Treasury Department increased its position in Great Plains Energy by 57.0% in the fourth quarter. State of Tennessee Treasury Department now owns 275,300 shares of the company’s stock valued at $7,518,000 after buying an additional 100,000 shares during the period. Finally, Advisors Asset Management Inc. increased 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.

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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