Employees Retirement System of Texas maintained its stake in shares of Great Plains Energy Inc (NYSE:GXP) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 125,000 shares of the utilities provider’s stock at the end of the second quarter. Employees Retirement System of Texas owned approximately 0.06% of Great Plains Energy worth $3,660,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. State Board of Administration of Florida Retirement System boosted its stake in Great Plains Energy by 9.3% during the second quarter. State Board of Administration of Florida Retirement System now owns 260,571 shares of the utilities provider’s stock worth $7,630,000 after buying an additional 22,120 shares during the period. Ontario Teachers Pension Plan Board purchased a new position in shares of Great Plains Energy in the second quarter valued at approximately $772,000. Magellan Asset Management Ltd boosted its stake in shares of Great Plains Energy by 6.9% in the second quarter. Magellan Asset Management Ltd now owns 144,315 shares of the utilities provider’s stock valued at $4,226,000 after purchasing an additional 9,293 shares during the period. Louisiana State Employees Retirement System boosted its stake in shares of Great Plains Energy by 3.3% in the second quarter. Louisiana State Employees Retirement System now owns 56,200 shares of the utilities provider’s stock valued at $1,646,000 after purchasing an additional 1,800 shares during the period. Finally, Virginia Retirement Systems ET AL boosted its stake in shares of Great Plains Energy by 24.7% in the second quarter. Virginia Retirement Systems ET AL now owns 73,600 shares of the utilities provider’s stock valued at $2,155,000 after purchasing an additional 14,600 shares during the period. 87.90% of the stock is owned by institutional investors.

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In other news, VP Lori A. Wright sold 7,668 shares of the stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $30.54, for a total transaction of $234,180.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Heather A. Humphrey sold 3,500 shares of the stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $30.86, for a total value of $108,010.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 27,391 shares of company stock valued at $838,626. 0.41% of the stock is owned by company insiders.

Great Plains Energy Inc (GXP) opened at 30.77 on Friday. The stock has a market cap of $6.63 billion, a P/E ratio of 36.50 and a beta of 0.44. Great Plains Energy Inc has a 52 week low of $25.85 and a 52 week high of $31.69. The company has a 50-day moving average of $30.75 and a 200-day moving average of $29.82.

Great Plains Energy (NYSE:GXP) last released its quarterly earnings results on Wednesday, August 9th. The utilities provider reported $0.43 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.04). The company had revenue of $682.60 million during the quarter, compared to analysts’ expectations of $677.00 million. Great Plains Energy had a return on equity of 5.62% and a net margin of 8.00%. During the same quarter in the prior year, the company earned $0.55 EPS. On average, analysts predict that Great Plains Energy Inc will post $1.60 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 20th. Shareholders of record on Tuesday, August 29th were issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date was Friday, August 25th. Great Plains Energy’s dividend payout ratio is presently 105.77%.

GXP has been the subject of several recent research reports. BidaskClub raised shares of Great Plains Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Zacks Investment Research raised shares of Great Plains Energy from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a research note on Tuesday, July 25th. KeyCorp reissued a “hold” rating on shares of Great Plains Energy in a research note on Friday, September 1st. SunTrust Banks, Inc. reissued a “hold” rating and issued a $30.00 price objective on shares of Great Plains Energy in a research note on Wednesday. Finally, Wells Fargo & Company raised shares of Great Plains Energy from a “market perform” rating to an “outperform” rating in a research note on Monday, October 2nd. Five equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $30.86.

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

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