Great Plains Energy Inc (NYSE:GXP) Position Maintained by Shell Asset Management Co.
Shell Asset Management Co. held its stake in shares of Great Plains Energy Inc (NYSE:GXP) during the second quarter, Holdings Channel reports. The firm owned 37,374 shares of the utilities provider’s stock at the end of the second quarter. Shell Asset Management Co.’s holdings in Great Plains Energy were worth $1,094,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. raised its position in Great Plains Energy by 17.9% in the first quarter. Nomura Asset Management Co. Ltd. now owns 3,420 shares of the utilities provider’s stock valued at $100,000 after buying an additional 520 shares during the period. Proficio Capital Partners LLC raised its position in Great Plains Energy by 312.2% in the first quarter. Proficio Capital Partners LLC now owns 3,710 shares of the utilities provider’s stock valued at $107,000 after buying an additional 2,810 shares during the period. First Command Bank raised its position in Great Plains Energy by 100.0% in the second quarter. First Command Bank now owns 4,400 shares of the utilities provider’s stock valued at $128,000 after buying an additional 2,200 shares during the period. Advisory Services Network LLC purchased a new position in Great Plains Energy during the first quarter valued at approximately $139,000. Finally, Mckinley Capital Management LLC Delaware purchased a new position in Great Plains Energy during the first quarter valued at approximately $141,000. 87.70% of the stock is currently owned by institutional investors.
Great Plains Energy Inc (NYSE GXP) opened at 31.22 on Monday. The firm has a 50 day moving average price of $29.87 and a 200 day moving average price of $28.88. The stock has a market capitalization of $6.72 billion, a P/E ratio of 25.87 and a beta of 0.44. Great Plains Energy Inc has a 52 week low of $25.85 and a 52 week high of $31.22.
Great Plains Energy (NYSE:GXP) last announced its quarterly earnings data on Thursday, May 4th. The utilities provider reported $0.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.01. Great Plains Energy had a return on equity of 6.52% and a net margin of 9.50%. The firm had revenue of $570.70 million for the quarter, compared to analysts’ expectations of $584.92 million. During the same quarter in the prior year, the firm posted $0.17 earnings per share. Equities research analysts predict that Great Plains Energy Inc will post $1.66 earnings per share for the current year.
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Several research firms have commented on GXP. Zacks Investment Research raised Great Plains Energy from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a research report on Tuesday, July 25th. J P Morgan Chase & Co raised Great Plains Energy from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $31.00 to $32.00 in a research report on Tuesday, July 11th. Finally, BidaskClub raised Great Plains Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, June 21st. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Great Plains Energy presently has an average rating of “Buy” and an average target price of $31.56.
Great Plains Energy Company Profile
Great Plains Energy Incorporated (Great Plains Energy) is a utility holding company. The Company operates through electric utility segment. The Company’s subsidiaries with operations include Kansas City Power & Light Company (KCP&L) and KCP&L Greater Missouri Operations Company (GMO). KCP&L is an integrated, regulated electric utility that provides electricity to customers primarily in the states of Missouri and Kansas.
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