Great Plains Energy Inc (NYSE:GXP) VP Lori A. Wright sold 7,668 shares of the stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $30.54, for a total transaction of $234,180.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Great Plains Energy Inc (NYSE:GXP) opened at 30.50 on Friday. The company has a market capitalization of $6.57 billion, a PE ratio of 36.18 and a beta of 0.45. The stock’s 50 day moving average is $31.02 and its 200 day moving average is $29.67. Great Plains Energy Inc has a one year low of $25.85 and a one year high of $31.69.

Great Plains Energy (NYSE:GXP) last posted 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 the consensus estimate of $677.00 million. During the same period last year, the firm earned $0.55 EPS. On average, analysts anticipate that Great Plains Energy Inc will post $1.60 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 20th. Stockholders of record on Tuesday, August 29th were given a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 3.60%. The ex-dividend date of this dividend was Friday, August 25th. Great Plains Energy’s dividend payout ratio (DPR) is currently 105.77%.

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Several hedge funds and other institutional investors have recently bought and sold shares of the company. Griffin Asset Management Inc. bought a new stake in shares of Great Plains Energy in the second quarter valued at approximately $293,000. Lord Abbett & CO. LLC raised its position in shares of Great Plains Energy by 2.5% in the second quarter. Lord Abbett & CO. LLC now owns 1,432,668 shares of the utilities provider’s stock valued at $41,949,000 after purchasing an additional 34,475 shares during the period. Advisory Services Network LLC raised its position in shares of Great Plains Energy by 0.9% in the second quarter. Advisory Services Network LLC now owns 4,793 shares of the utilities provider’s stock valued at $140,000 after purchasing an additional 45 shares during the period. Banco BTG Pactual S.A. raised its position in shares of Great Plains Energy by 128.7% in the second quarter. Banco BTG Pactual S.A. now owns 252,000 shares of the utilities provider’s stock valued at $7,379,000 after purchasing an additional 141,800 shares during the period. Finally, Verition Fund Management LLC raised its position in shares of Great Plains Energy by 24.7% in the second quarter. Verition Fund Management LLC now owns 571,611 shares of the utilities provider’s stock valued at $16,737,000 after purchasing an additional 113,385 shares during the period. 87.90% of the stock is currently owned by institutional investors.

Several research analysts have weighed in on GXP shares. Zacks Investment Research cut shares of Great Plains Energy from a “buy” rating to a “hold” rating in a report on Thursday, May 25th. BidaskClub raised shares of Great Plains Energy from a “sell” rating to a “hold” rating in a report on Wednesday, June 14th. J P Morgan Chase & Co raised shares of Great Plains Energy from a “neutral” rating to an “overweight” rating and increased their price target for the company from $31.00 to $32.00 in a report on Tuesday, July 11th. Finally, KeyCorp reissued a “hold” rating on shares of Great Plains Energy in a report on Friday, September 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average 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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