Royal Bank of Canada reduced its stake in shares of Great Plains Energy Inc. (NYSE:GXP) by 0.1% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 1,253,536 shares of the company’s stock after selling 858 shares during the period. Royal Bank of Canada owned about 0.81% of Great Plains Energy worth $38,107,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of GXP. UBS Group AG raised its stake in shares of Great Plains Energy by 44.9% in the first quarter. UBS Group AG now owns 58,734 shares of the company’s stock valued at $1,893,000 after buying an additional 18,204 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Great Plains Energy by 1.7% in the first quarter. Geode Capital Management LLC now owns 930,799 shares of the company’s stock valued at $30,018,000 after buying an additional 15,812 shares during the last quarter. HBK Investments L P acquired a new stake in shares of Great Plains Energy during the first quarter valued at about $461,000. Springbok Capital Management LLC raised its stake in shares of Great Plains Energy by 378.6% in the first quarter. Springbok Capital Management LLC now owns 7,700 shares of the company’s stock valued at $248,000 after buying an additional 6,091 shares during the last quarter. Finally, A.R.T. Advisors LLC acquired a new stake in shares of Great Plains Energy during the first quarter valued at about $1,580,000. 60.14% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Great Plains Energy (NYSE:GXP)

Shares of Great Plains Energy Inc. (NYSE:GXP) traded down 0.92% on Friday, reaching $26.96. 4,368,534 shares of the company were exchanged. The company’s 50 day moving average is $27.53 and its 200 day moving average is $28.97. Great Plains Energy Inc. has a 12-month low of $25.57 and a 12-month high of $32.74. The firm has a market capitalization of $4.17 billion, a PE ratio of 19.58 and a beta of 0.39.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 20th. Investors of record on Tuesday, November 29th will be given a dividend of $0.275 per share. This is a positive change from Great Plains Energy’s previous quarterly dividend of $0.26. This represents a $1.10 dividend on an annualized basis and a dividend yield of 4.08%. The ex-dividend date is Friday, November 25th. Great Plains Energy’s dividend payout ratio (DPR) is presently 76.09%.

Several equities research analysts have issued reports on GXP shares. Zacks Investment Research upgraded shares of Great Plains Energy from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a research note on Tuesday, August 2nd. SunTrust Banks Inc. lowered their price target on shares of Great Plains Energy from $30.00 to $29.00 and set a “neutral” rating on the stock in a research note on Monday, August 29th. Barclays PLC upgraded shares of Great Plains Energy from an “underweight” rating to an “equal weight” rating and lowered their price target for the company from $31.00 to $29.00 in a research note on Thursday, September 29th. Argus reiterated a “buy” rating and issued a $36.00 price target on shares of Great Plains Energy in a research note on Friday, September 30th. Finally, Bank of America Corp. upgraded shares of Great Plains Energy from a “neutral” rating to a “buy” rating and set a $32.00 price target on the stock in a research note on Monday, October 3rd. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $31.86.

About Great Plains Energy

Great Plains Energy Incorporated is a public utility holding company. The Company operates through electric utility segment. The Company does not own or operate any assets other than the stock of its subsidiaries. The Company’s subsidiaries with operations include Kansas City Power & Light Company (KCP&L) and KCP&L Greater Missouri Operations Company (GMO).

5 Day Chart for NYSE:GXP

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