Aperio Group LLC boosted its position in shares of Great Plains Energy Inc (NYSE:GXP) by 29.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 102,836 shares of the utilities provider’s stock after acquiring an additional 23,384 shares during the period. Aperio Group LLC’s holdings in Great Plains Energy were worth $3,116,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GXP. Nomura Asset Management Co. Ltd. raised its stake in Great Plains Energy by 17.9% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 3,420 shares of the utilities provider’s stock worth $100,000 after acquiring an additional 520 shares during the period. Ffcm LLC raised its stake in Great Plains Energy by 171.5% during the 2nd quarter. Ffcm LLC now owns 4,018 shares of the utilities provider’s stock worth $118,000 after acquiring an additional 2,538 shares during the period. Advisory Services Network LLC raised its stake 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. V Wealth Management LLC bought a new stake in Great Plains Energy during the 2nd quarter worth approximately $191,000. Finally, Cornerstone Capital Management Holdings LLC. bought a new stake in Great Plains Energy during the 2nd quarter worth approximately $219,000. Institutional investors own 87.83% of the company’s stock.

Great Plains Energy Inc (NYSE GXP) opened at $33.16 on Friday. Great Plains Energy Inc has a fifty-two week low of $25.85 and a fifty-two week high of $33.94. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.44 and a quick ratio of 1.24. The firm has a market cap of $7,218.19, a price-to-earnings ratio of 19.24, a P/E/G ratio of 3.44 and a beta of 0.47.

Great Plains Energy (NYSE:GXP) last posted its earnings results on Wednesday, November 1st. The utilities provider reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.09. Great Plains Energy had a net margin of 3.42% and a return on equity of 5.41%. The firm had revenue of $857.20 million during the quarter, compared to analyst estimates of $805.72 million. During the same period last year, the firm posted $1.00 earnings per share. research analysts predict that Great Plains Energy Inc will post 1.77 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Wednesday, November 29th will be issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date of this dividend is Monday, November 27th. Great Plains Energy’s dividend payout ratio (DPR) is presently 550.03%.

A number of equities research analysts have issued reports on the stock. ValuEngine raised shares of Great Plains Energy from a “hold” rating to a “buy” rating in a report on Thursday. Zacks Investment Research lowered shares of Great Plains Energy from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. BidaskClub raised shares of Great Plains Energy from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Wells Fargo & Company raised shares of Great Plains Energy from a “market perform” rating to an “outperform” rating in a report on Monday, October 2nd. Finally, J P Morgan Chase & Co set a $35.00 price objective on shares of Great Plains Energy and gave the company a “buy” rating in a report on Thursday, October 12th. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Great Plains Energy has a consensus rating of “Buy” and an average target price of $32.00.

In related news, CFO Kevin E. Bryant sold 9,853 shares of the firm’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $30.64, for a total value of $301,895.92. Following the completion of the transaction, the chief financial officer now directly owns 38,003 shares of the company’s stock, valued at $1,164,411.92. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Heather A. Humphrey sold 3,500 shares of the firm’s stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $30.86, for a total transaction of $108,010.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 27,391 shares of company stock valued at $838,626. 0.41% of the stock is currently owned by insiders.

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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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