Aperio Group LLC Has $2.33 Million Position in Great Plains Energy Inc (NYSE:GXP)
Aperio Group LLC raised its position in shares of Great Plains Energy Inc (NYSE:GXP) by 11.9% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 79,452 shares of the utilities provider’s stock after buying an additional 8,431 shares during the period. Aperio Group LLC’s holdings in Great Plains Energy were worth $2,326,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of the stock. Nomura Asset Management Co. Ltd. boosted its stake 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 worth $100,000 after buying an additional 520 shares during the period. Proficio Capital Partners LLC boosted its stake 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 worth $107,000 after buying an additional 2,810 shares during the period. First Command Bank boosted its stake 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 worth $128,000 after buying an additional 2,200 shares during the period. Advisory Services Network LLC acquired a new stake in Great Plains Energy during the first quarter worth about $139,000. Finally, Mckinley Capital Management LLC Delaware acquired a new stake in Great Plains Energy during the first quarter worth about $141,000. Hedge funds and other institutional investors own 87.70% of the company’s stock.
Shares of Great Plains Energy Inc (GXP) traded up 0.70% during mid-day trading on Tuesday, hitting $31.60. 592,546 shares of the stock were exchanged. The firm has a 50-day moving average price of $29.87 and a 200 day moving average price of $28.88. The company has a market capitalization of $6.81 billion, a PE ratio of 26.18 and a beta of 0.44. Great Plains Energy Inc has a 12-month low of $25.85 and a 12-month high of $31.60.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Tuesday, August 29th will be paid a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 3.51%. The ex-dividend date of this dividend is Friday, August 25th. Great Plains Energy’s dividend payout ratio (DPR) is presently 82.09%.
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A number of analysts have issued reports on the stock. J P Morgan Chase & Co upgraded shares of Great Plains Energy from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $31.00 to $32.00 in a research note on Tuesday, July 11th. Zacks Investment Research upgraded shares of Great Plains Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, April 19th. Finally, BidaskClub upgraded shares of Great Plains Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, June 21st. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus 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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