Hotchkis & Wiley Capital Management LLC decreased its holdings in shares of Great Plains Energy Inc (NYSE:GXP) by 0.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,482,107 shares of the utilities provider’s stock after selling 7,370 shares during the period. Hotchkis & Wiley Capital Management LLC owned 0.69% of Great Plains Energy worth $43,396,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Great Plains Energy by 5.5% during the 1st quarter. Vanguard Group Inc. now owns 19,489,178 shares of the utilities provider’s stock valued at $569,474,000 after purchasing an additional 1,007,461 shares in the last quarter. FMR LLC boosted its position in shares of Great Plains Energy by 6.4% during the 1st quarter. FMR LLC now owns 4,595,468 shares of the utilities provider’s stock valued at $134,280,000 after purchasing an additional 275,161 shares in the last quarter. Jennison Associates LLC bought a new stake in shares of Great Plains Energy during the 2nd quarter valued at about $104,441,000. Principal Financial Group Inc. boosted its position in shares of Great Plains Energy by 96.3% during the 2nd quarter. Principal Financial Group Inc. now owns 3,476,540 shares of the utilities provider’s stock valued at $101,793,000 after purchasing an additional 1,705,459 shares in the last quarter. Finally, Marshall Wace North America L.P. boosted its position in shares of Great Plains Energy by 97.4% during the 2nd quarter. Marshall Wace North America L.P. now owns 2,121,534 shares of the utilities provider’s stock valued at $61,525,000 after purchasing an additional 1,046,835 shares in the last quarter. Institutional investors own 88.63% of the company’s stock.

Great Plains Energy Inc (GXP) traded up 0.26% on Friday, reaching $30.84. The company had a trading volume of 2,971,273 shares. The firm has a market capitalization of $6.64 billion, a price-to-earnings ratio of 36.58 and a beta of 0.45. Great Plains Energy Inc has a one year low of $25.85 and a one year high of $31.69. The company’s 50 day moving average is $31.03 and its 200-day moving average is $29.64.

Great Plains Energy (NYSE:GXP) last posted its quarterly earnings data on Wednesday, August 9th. The utilities provider reported $0.43 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.04). The firm had revenue of $682.60 million for the quarter, compared to the consensus estimate of $677.00 million. Great Plains Energy had a net margin of 8.00% and a return on equity of 5.62%. During the same period in the previous year, the firm posted $0.55 earnings per share. On average, equities research analysts expect that Great Plains Energy Inc will post $1.60 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Tuesday, August 29th will be given a dividend of $0.275 per share. The ex-dividend date is Friday, August 25th. This represents a $1.10 annualized dividend and a yield of 3.56%. Great Plains Energy’s payout ratio is 105.77%.

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Several brokerages recently commented on GXP. J P Morgan Chase & Co upgraded Great Plains Energy from a “neutral” rating to an “overweight” rating and upped their target price for the company from $31.00 to $32.00 in a research report on Tuesday, July 11th. BidaskClub upgraded Great Plains Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, June 21st. Zacks Investment Research lowered Great Plains Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, September 12th. Finally, KeyCorp restated a “hold” rating on shares of Great Plains Energy in a research report on Friday, September 1st. One analyst has rated the stock with a sell rating, four have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $31.56.

Great Plains Energy 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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