Miller Howard Investments Inc. NY decreased its stake in Great Plains Energy Inc (NYSE:GXP) by 3.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 105,660 shares of the utilities provider’s stock after selling 3,422 shares during the period. Miller Howard Investments Inc. NY’s holdings in Great Plains Energy were worth $3,094,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Boston Partners increased its position in shares of Great Plains Energy by 33.5% in the first quarter. Boston Partners now owns 6,790,947 shares of the utilities provider’s stock valued at $198,431,000 after buying an additional 1,705,973 shares in the last quarter. MARSHALL WACE ASIA Ltd bought a new position in shares of Great Plains Energy during the first quarter valued at about $31,166,000. Marshall Wace North America L.P. bought a new position in shares of Great Plains Energy during the first quarter valued at about $31,166,000. Vanguard Group Inc. increased its position in shares of Great Plains Energy by 5.5% in the first quarter. Vanguard Group Inc. now owns 19,489,178 shares of the utilities provider’s stock valued at $569,474,000 after buying an additional 1,007,461 shares in the last quarter. Finally, Morgan Stanley increased its position in shares of Great Plains Energy by 45.7% in the first quarter. Morgan Stanley now owns 1,661,567 shares of the utilities provider’s stock valued at $48,553,000 after buying an additional 521,501 shares in the last quarter. Hedge funds and other institutional investors own 87.70% of the company’s stock.

Shares of Great Plains Energy Inc (NYSE:GXP) opened at 31.22 on Monday. The firm has a 50-day moving average of $29.87 and a 200 day moving average of $28.88. Great Plains Energy Inc has a 1-year low of $25.85 and a 1-year high of $31.22. The stock has a market capitalization of $6.72 billion, a PE ratio of 25.87 and a beta of 0.44.

Great Plains Energy (NYSE:GXP) last issued its quarterly earnings results on Thursday, May 4th. The utilities provider reported $0.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.01. The business had revenue of $570.70 million during the quarter, compared to the consensus estimate of $584.92 million. Great Plains Energy had a net margin of 9.50% and a return on equity of 6.52%. During the same quarter in the prior year, the firm earned $0.17 EPS. On average, equities analysts anticipate that Great Plains Energy Inc will post $1.66 earnings per share for the current fiscal year.

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GXP has been the subject of several research reports. Zacks Investment Research downgraded Great Plains Energy from a “hold” rating to a “sell” rating in a research report on Monday, May 1st. BidaskClub raised shares of Great Plains Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, June 21st. Finally, J P Morgan Chase & Co raised shares of Great Plains Energy from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $31.00 to $32.00 in a research note on Tuesday, July 11th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $31.56.

About Great Plains Energy

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.

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

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