Great Plains Energy Inc (GXP) Stake Held by Canada Pension Plan Investment Board
Canada Pension Plan Investment Board maintained its position in shares of Great Plains Energy Inc (NYSE:GXP) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 896,058 shares of the utilities provider’s stock at the end of the second quarter. Canada Pension Plan Investment Board owned about 0.42% of Great Plains Energy worth $26,237,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Nomura Asset Management Co. Ltd. raised its stake in Great Plains Energy by 17.9% in the first quarter. Nomura Asset Management Co. Ltd. now owns 3,420 shares of the utilities provider’s stock worth $100,000 after buying an additional 520 shares in the last quarter. Proficio Capital Partners LLC raised its stake in Great Plains Energy by 312.2% in the first quarter. Proficio Capital Partners LLC now owns 3,710 shares of the utilities provider’s stock worth $107,000 after buying an additional 2,810 shares in the last quarter. First Command Bank raised its stake in Great Plains Energy by 100.0% in the second quarter. First Command Bank now owns 4,400 shares of the utilities provider’s stock worth $128,000 after buying an additional 2,200 shares in the last quarter. Advisory Services Network LLC bought a new stake in Great Plains Energy during the first quarter worth about $139,000. Finally, Mckinley Capital Management LLC Delaware bought a new stake in Great Plains Energy during the first quarter worth about $141,000. 87.79% of the stock is currently owned by institutional investors.
Great Plains Energy Inc (NYSE GXP) opened at 30.89 on Monday. The firm has a market cap of $6.66 billion, a price-to-earnings ratio of 36.64 and a beta of 0.44. The firm’s 50-day moving average price is $30.21 and its 200 day moving average price is $29.07. Great Plains Energy Inc has a 52-week low of $25.85 and a 52-week high of $31.69.
Great Plains Energy (NYSE:GXP) last posted its earnings results on Wednesday, August 9th. The utilities provider reported $0.43 EPS for the quarter, missing the consensus estimate of $0.47 by $0.04. Great Plains Energy had a net margin of 8.00% and a return on equity of 5.62%. The business had revenue of $682.60 million during the quarter, compared to analyst estimates of $677 million. During the same quarter in the prior year, the business earned $0.55 earnings per share. On average, equities research analysts forecast that Great Plains Energy Inc will post $1.66 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Investors of record on Tuesday, August 29th will be given a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 3.56%. The ex-dividend date is Friday, August 25th. Great Plains Energy’s dividend payout ratio is currently 105.77%.
Several equities research analysts have recently weighed in on the company. BidaskClub raised Great Plains Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Zacks Investment Research raised 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. Finally, J P Morgan Chase & Co raised Great Plains Energy from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $31.00 to $32.00 in a research report on Tuesday, July 11th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Great Plains Energy presently has an average rating of “Buy” and an average target price 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.
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