Great Plains Energy Inc (GXP) Holdings Lifted by Raymond James Trust N.A.
Raymond James Trust N.A. boosted its position in shares of Great Plains Energy Inc (NYSE:GXP) by 19.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,541 shares of the utilities provider’s stock after buying an additional 2,637 shares during the quarter. Raymond James Trust N.A.’s holdings in Great Plains Energy were worth $484,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nomura Asset Management Co. Ltd. lifted its position in shares of Great Plains Energy by 17.9% during the first quarter. Nomura Asset Management Co. Ltd. now owns 3,420 shares of the utilities provider’s stock worth $100,000 after purchasing an additional 520 shares during the last quarter. Proficio Capital Partners LLC lifted its position in shares of Great Plains Energy by 312.2% during the first quarter. Proficio Capital Partners LLC now owns 3,710 shares of the utilities provider’s stock worth $107,000 after purchasing an additional 2,810 shares during the last quarter. Ffcm LLC lifted its position in shares of Great Plains Energy by 171.5% during the second quarter. Ffcm LLC now owns 4,018 shares of the utilities provider’s stock worth $118,000 after purchasing an additional 2,538 shares during the last quarter. First Command Bank lifted its position in shares of Great Plains Energy by 100.0% during the second quarter. First Command Bank now owns 4,400 shares of the utilities provider’s stock worth $128,000 after purchasing an additional 2,200 shares during the last quarter. Finally, Mckinley Capital Management LLC Delaware bought a new stake in shares of Great Plains Energy during the first quarter worth $141,000. 88.63% of the stock is owned by institutional investors.
Shares of Great Plains Energy Inc (NYSE GXP) opened at 30.84 on Friday. The company has a 50-day moving average price of $31.03 and a 200-day moving average price of $29.64. Great Plains Energy Inc has a 12 month low of $25.85 and a 12 month high of $31.69. The stock has a market cap of $6.64 billion, a price-to-earnings ratio of 36.58 and a beta of 0.45.
Great Plains Energy (NYSE:GXP) last posted its quarterly earnings results on Wednesday, August 9th. The utilities provider reported $0.43 earnings per share for the quarter, missing the Zacks’ 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 analysts’ expectations of $677.00 million. During the same quarter last year, the firm earned $0.55 earnings per share. On average, analysts expect that Great Plains Energy Inc will post $1.60 EPS for the current fiscal 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 paid a $0.275 dividend. The ex-dividend date of this dividend is Friday, August 25th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.56%. Great Plains Energy’s dividend payout ratio (DPR) is presently 105.77%.
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GXP has been the subject of several research analyst reports. Zacks Investment Research upgraded Great Plains Energy from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a research report on Tuesday, May 23rd. BidaskClub upgraded Great Plains Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, June 14th. J P Morgan Chase & Co upgraded Great Plains Energy from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $31.00 to $32.00 in a report on Tuesday, July 11th. Finally, KeyCorp restated a “hold” rating on shares of Great Plains Energy in a report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus 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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