Great Plains Energy Inc (GXP) SVP Sells $108,010.00 in Stock
Great Plains Energy Inc (NYSE:GXP) SVP Heather A. Humphrey sold 3,500 shares of the stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $30.86, for a total transaction of $108,010.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Shares of Great Plains Energy Inc (NYSE GXP) opened at 30.24 on Friday. The company’s 50 day moving average is $31.02 and its 200 day moving average 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 cap of $6.52 billion, a price-to-earnings ratio of 35.87 and a beta of 0.45.
Great Plains Energy (NYSE:GXP) last posted its 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). The firm had revenue of $682.60 million for the quarter, compared to the consensus estimate of $677.00 million. Great Plains Energy had a return on equity of 5.62% and a net margin of 8.00%. During the same period last year, the company posted $0.55 EPS. Analysts anticipate that Great Plains Energy Inc will post $1.60 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 20th. Investors of record on Tuesday, August 29th were issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date was Friday, August 25th. Great Plains Energy’s dividend payout ratio (DPR) is presently 105.77%.
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A number of institutional investors have recently bought and sold shares of the stock. Advisory Services Network LLC increased its holdings in Great Plains Energy by 0.9% during the 2nd quarter. Advisory Services Network LLC now owns 4,793 shares of the utilities provider’s stock worth $140,000 after acquiring an additional 45 shares during the period. PNC Financial Services Group Inc. grew its stake in Great Plains Energy by 0.3% in the 2nd quarter. PNC Financial Services Group Inc. now owns 19,293 shares of the utilities provider’s stock worth $566,000 after buying an additional 57 shares in the last quarter. Capstone Asset Management Co. grew its stake in Great Plains Energy by 0.4% in the 2nd quarter. Capstone Asset Management Co. now owns 19,562 shares of the utilities provider’s stock worth $573,000 after buying an additional 70 shares in the last quarter. Utah Retirement Systems grew its stake in Great Plains Energy by 0.3% in the 1st quarter. Utah Retirement Systems now owns 39,301 shares of the utilities provider’s stock worth $1,148,000 after buying an additional 100 shares in the last quarter. Finally, Oppenheimer & Co. Inc. grew its stake in Great Plains Energy by 1.4% in the 1st quarter. Oppenheimer & Co. Inc. now owns 10,966 shares of the utilities provider’s stock worth $321,000 after buying an additional 147 shares in the last quarter. 87.90% of the stock is currently owned by institutional investors and hedge funds.
GXP has been the topic of a number of analyst reports. BidaskClub upgraded shares of Great Plains Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Zacks Investment Research upgraded shares of Great Plains Energy from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a research report on Tuesday, July 25th. KeyCorp restated a “hold” rating on shares of Great Plains Energy in a research report on Friday, September 1st. Finally, J P Morgan Chase & Co upgraded shares of Great Plains Energy from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $31.00 to $32.00 in a research report on Tuesday, July 11th. One research analyst has rated the stock with a sell rating, four have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Great Plains Energy 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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