Great Plains Energy Inc (GXP) Insider Terry D. Bassham Sells 6,370 Shares of Stock
Great Plains Energy Inc (NYSE:GXP) insider Terry D. Bassham sold 6,370 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $30.54, for a total transaction of $194,539.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Shares of Great Plains Energy Inc (NYSE GXP) traded down 0.16% during trading on Thursday, hitting $30.50. 468,278 shares of the stock were exchanged. The stock’s 50 day moving average price is $31.02 and its 200 day moving average price is $29.67. Great Plains Energy Inc has a 52 week low of $25.85 and a 52 week high of $31.69. The firm has a market capitalization of $6.57 billion, a price-to-earnings ratio of 36.18 and a beta of 0.45.
Great Plains Energy (NYSE:GXP) last announced its quarterly earnings data 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). 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 period last year, the company posted $0.55 EPS. On average, equities analysts predict that Great Plains Energy Inc will post $1.60 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 20th. Stockholders of record on Tuesday, August 29th were paid a $0.275 dividend. The ex-dividend date was Friday, August 25th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.60%. Great Plains Energy’s dividend payout ratio (DPR) is 105.77%.
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Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Great Plains Energy by 5.5% in the 1st quarter. Vanguard Group Inc. now owns 19,489,178 shares of the utilities provider’s stock valued at $569,474,000 after purchasing an additional 1,007,461 shares in the last quarter. FMR LLC boosted its stake in shares of Great Plains Energy by 90.3% in the 2nd quarter. FMR LLC now owns 8,745,550 shares of the utilities provider’s stock valued at $256,070,000 after purchasing an additional 4,150,082 shares in the last quarter. Janus Henderson Group PLC purchased a new stake in shares of Great Plains Energy in the 2nd quarter valued at $116,876,000. Jennison Associates LLC purchased a new stake in shares of Great Plains Energy in the 2nd quarter valued at $104,441,000. Finally, Principal Financial Group Inc. boosted its stake in shares of Great Plains Energy by 96.3% in the 2nd quarter. Principal Financial Group Inc. now owns 3,476,540 shares of the utilities provider’s stock valued at $101,793,000 after purchasing an additional 1,705,459 shares in the last quarter. 87.90% of the stock is owned by institutional investors.
GXP has been the topic of a number of research analyst reports. Zacks Investment Research lowered shares of Great Plains Energy from a “buy” rating to a “hold” rating in a research report on Thursday, May 25th. KeyCorp restated a “hold” rating on shares of Great Plains Energy in a research report on Friday, September 1st. BidaskClub upgraded shares of Great Plains Energy from a “sell” rating to a “hold” rating in a research 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 target price for the company from $31.00 to $32.00 in a research report on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target 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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