Dalton Greiner Hartman Maher & Co. reduced its position in Great Plains Energy Inc. (NYSE:GXP) by 7.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 417,878 shares of the company’s stock after selling 32,234 shares during the period. Dalton Greiner Hartman Maher & Co. owned approximately 0.27% of Great Plains Energy worth $11,404,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Great Plains Energy by 14.8% in the second quarter. Vanguard Group Inc. now owns 13,136,467 shares of the company’s stock worth $399,348,000 after buying an additional 1,697,073 shares during the period. BlackRock Fund Advisors raised its position in shares of Great Plains Energy by 6.1% in the second quarter. BlackRock Fund Advisors now owns 8,382,630 shares of the company’s stock worth $254,832,000 after buying an additional 478,420 shares during the period. BlackRock Institutional Trust Company N.A. raised its position in shares of Great Plains Energy by 2.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 4,632,640 shares of the company’s stock worth $140,832,000 after buying an additional 96,813 shares during the period. Boston Partners raised its position in shares of Great Plains Energy by 12.0% in the second quarter. Boston Partners now owns 4,326,511 shares of the company’s stock worth $131,526,000 after buying an additional 462,867 shares during the period. Finally, State Street Corp raised its position in shares of Great Plains Energy by 1.9% in the second quarter. State Street Corp now owns 4,267,290 shares of the company’s stock worth $129,723,000 after buying an additional 80,565 shares during the period. 90.22% of the stock is currently owned by institutional investors.

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

Shares of Great Plains Energy Inc. (NYSE:GXP) traded up 1.68% during midday trading on Monday, reaching $27.24. 3,946,069 shares of the company’s stock traded hands. Great Plains Energy Inc. has a 1-year low of $25.57 and a 1-year high of $32.74. The stock has a market capitalization of $4.21 billion, a P/E ratio of 19.78 and a beta of 0.39. The firm’s 50-day moving average price is $27.48 and its 200 day moving average price is $28.68.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 20th. Stockholders of record on Tuesday, November 29th will be issued a $0.275 dividend. This is a positive change from Great Plains Energy’s previous quarterly dividend of $0.26. This represents a $1.10 annualized dividend and a dividend yield of 4.11%. The ex-dividend date of this dividend is Friday, November 25th. Great Plains Energy’s dividend payout ratio is currently 79.71%.

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GXP has been the topic of a number of research reports. Argus reaffirmed a “buy” rating and set a $36.00 target price on shares of Great Plains Energy in a research report on Friday, September 30th. Zacks Investment Research lowered shares of Great Plains Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, August 9th. Ladenburg Thalmann raised shares of Great Plains Energy from a “neutral” rating to a “buy” rating and set a $31.00 target price on the stock in a research report on Wednesday, October 26th. Barclays PLC raised shares of Great Plains Energy from an “underweight” rating to an “equal weight” rating and reduced their target price for the stock from $31.00 to $29.00 in a research report on Thursday, September 29th. Finally, Bank of America Corp. raised shares of Great Plains Energy from a “neutral” rating to a “buy” rating and set a $32.00 target price on the stock in a research report on Monday, October 3rd. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $31.86.

Great Plains Energy Company Profile

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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