Arizona State Retirement System increased its position in Great Plains Energy Inc (NYSE:GXP) by 1.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 90,900 shares of the utilities provider’s stock after buying an additional 1,300 shares during the period. Arizona State Retirement System’s holdings in Great Plains Energy were worth $2,662,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Teachers Advisors LLC increased its position 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 during the period. Macquarie Group Ltd. increased its position 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 during the period. Capstone Asset Management Co. increased its position 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 during the period. Louisiana State Employees Retirement System increased its position 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 during the period. Finally, State of Alaska Department of Revenue increased its position in Great Plains Energy by 4.6% in the first quarter. State of Alaska Department of Revenue now owns 14,721 shares of the utilities provider’s stock worth $430,000 after buying an additional 651 shares during the period. 87.79% of the stock is currently owned by institutional investors and hedge funds.

Shares of Great Plains Energy Inc (NYSE GXP) opened at 31.23 on Friday. Great Plains Energy Inc has a one year low of $25.85 and a one year high of $31.69. The company has a market capitalization of $6.73 billion, a PE ratio of 37.05 and a beta of 0.44. The company has a 50-day moving average of $30.48 and a 200-day moving average of $29.23.

Great Plains Energy (NYSE:GXP) last issued its quarterly earnings results on Wednesday, August 9th. The utilities provider reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by $0.04. Great Plains Energy had a net margin of 8.00% and a return on equity of 5.62%. The business had revenue of $682.60 million during the quarter, compared to analyst estimates of $677 million. During the same quarter in the previous year, the firm posted $0.55 earnings per share. On average, analysts anticipate that Great Plains Energy Inc will post $1.63 earnings per share for the current year.

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. The ex-dividend date of this dividend is Friday, August 25th. This represents a $1.10 annualized dividend and a yield of 3.52%. Great Plains Energy’s payout ratio is currently 105.77%.

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GXP has been the topic of a number of research reports. Zacks Investment Research downgraded shares of Great Plains Energy from a “hold” rating to a “sell” rating in a research note on Monday, May 1st. 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 upped their price objective for the stock from $31.00 to $32.00 in a report on Tuesday, July 11th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target 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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Institutional Ownership by Quarter for Great Plains Energy (NYSE:GXP)

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