US Bancorp DE reduced its position in shares of Great Plains Energy Inc (NYSE:GXP) by 4.2% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 27,369 shares of the utilities provider’s stock after selling 1,186 shares during the period. US Bancorp DE’s holdings in Great Plains Energy were worth $802,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Teachers Advisors LLC boosted its stake in Great Plains Energy by 140.0% in the fourth quarter. Teachers Advisors LLC now owns 433,889 shares of the utilities provider’s stock worth $11,867,000 after buying an additional 253,127 shares in the last quarter. Macquarie Group Ltd. boosted its stake in Great Plains Energy by 63.3% in the fourth quarter. Macquarie Group Ltd. now owns 73,500 shares of the utilities provider’s stock worth $2,010,000 after buying an additional 28,500 shares in the last quarter. Raymond James Trust N.A. boosted its stake in Great Plains Energy by 8.8% in the first quarter. Raymond James Trust N.A. now owns 13,904 shares of the utilities provider’s stock worth $406,000 after buying an additional 1,121 shares in the last quarter. Capstone Asset Management Co. boosted its stake in Great Plains Energy by 1.8% in the first quarter. Capstone Asset Management Co. now owns 19,492 shares of the utilities provider’s stock worth $570,000 after buying an additional 350 shares in the last quarter. Finally, Louisiana State Employees Retirement System boosted its stake in Great Plains Energy by 2.3% in the first quarter. Louisiana State Employees Retirement System now owns 54,400 shares of the utilities provider’s stock worth $1,590,000 after buying an additional 1,200 shares in the last quarter. Institutional investors and hedge funds own 87.70% of the company’s stock.

Shares of Great Plains Energy Inc (NYSE GXP) traded down 0.93% during trading on Friday, hitting $30.89. 2,974,988 shares of the company traded hands. The company has a 50-day moving average of $30.21 and a 200-day moving average of $29.07. Great Plains Energy Inc has a 52-week low of $25.85 and a 52-week high of $31.69. The stock has a market capitalization of $6.66 billion, a PE ratio of 36.64 and a beta of 0.44.

Great Plains Energy (NYSE:GXP) last announced its quarterly earnings results on Wednesday, August 9th. The utilities provider reported $0.43 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.47 by $0.04. The business had revenue of $682.60 million during the quarter, compared to analyst estimates of $677 million. Great Plains Energy had a net margin of 8.00% and a return on equity of 5.62%. During the same period last year, the company earned $0.55 earnings per share. Equities analysts expect that Great Plains Energy Inc will post $1.66 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Investors of record on Tuesday, August 29th will be issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date is Friday, August 25th. Great Plains Energy’s dividend payout ratio (DPR) is 105.77%.

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GXP has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Great Plains Energy from a “sell” rating to a “hold” rating in a report on Wednesday, April 19th. BidaskClub upgraded shares of Great Plains Energy from a “sell” rating to a “hold” rating in a report on Wednesday, June 14th. Finally, J P Morgan Chase & Co upgraded shares of Great Plains Energy from a “neutral” rating to an “overweight” rating and raised their price target for the company from $31.00 to $32.00 in a report on Tuesday, July 11th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $31.56.

About Great Plains Energy

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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Institutional Ownership by Quarter for Great Plains Energy (NYSE:GXP)

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