Great Plains Energy Inc (GXP) Shares Bought by DekaBank Deutsche Girozentrale
DekaBank Deutsche Girozentrale raised its holdings in shares of Great Plains Energy Inc (NYSE:GXP) by 88.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 95,202 shares of the utilities provider’s stock after purchasing an additional 44,708 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Great Plains Energy were worth $2,998,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in the business. FMR LLC lifted its position in Great Plains Energy by 90.3% during the 2nd quarter. FMR LLC now owns 8,745,550 shares of the utilities provider’s stock valued at $256,070,000 after purchasing an additional 4,150,082 shares during the period. Janus Henderson Group PLC acquired a new stake in Great Plains Energy during the 2nd quarter worth approximately $116,876,000. Jennison Associates LLC raised its holdings in Great Plains Energy by 11.4% during the 3rd quarter. Jennison Associates LLC now owns 3,974,140 shares of the utilities provider’s stock worth $120,416,000 after buying an additional 407,182 shares during the period. Principal Financial Group Inc. raised its holdings in Great Plains Energy by 3.4% during the 3rd quarter. Principal Financial Group Inc. now owns 3,596,059 shares of the utilities provider’s stock worth $108,959,000 after buying an additional 119,519 shares during the period. Finally, Boston Partners raised its holdings in Great Plains Energy by 24.6% during the 3rd quarter. Boston Partners now owns 2,350,394 shares of the utilities provider’s stock worth $71,217,000 after buying an additional 463,582 shares during the period. Institutional investors own 90.72% of the company’s stock.
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Shares of Great Plains Energy Inc (GXP) opened at $34.14 on Wednesday. Great Plains Energy Inc has a twelve month low of $25.85 and a twelve month high of $34.14. The stock has a market capitalization of $7,330.34, a price-to-earnings ratio of 19.53, a price-to-earnings-growth ratio of 3.49 and a beta of 0.47. The company has a current ratio of 1.44, a quick ratio of 1.24 and a debt-to-equity ratio of 0.65.
Great Plains Energy (NYSE:GXP) last announced its quarterly earnings results on Wednesday, November 1st. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.09. Great Plains Energy had a return on equity of 5.41% and a net margin of 3.42%. The business had revenue of $857.20 million during the quarter, compared to the consensus estimate of $805.72 million. During the same quarter last year, the firm posted $1.00 EPS. equities research analysts expect that Great Plains Energy Inc will post 1.77 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Wednesday, November 29th will be issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date is Monday, November 27th. Great Plains Energy’s dividend payout ratio is currently 550.03%.
Several brokerages have recently weighed in on GXP. Zacks Investment Research cut shares of Great Plains Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. ValuEngine raised shares of Great Plains Energy from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. Bank of America Corporation began coverage on shares of Great Plains Energy in a research note on Tuesday, October 24th. They set a “buy” rating and a $35.00 price target for the company. J P Morgan Chase & Co set a $35.00 price target on shares of Great Plains Energy and gave the stock a “buy” rating in a research note on Thursday, October 12th. Finally, SunTrust Banks, Inc. reissued a “hold” rating and issued a $30.00 target price on shares of Great Plains Energy in a research note on Wednesday, October 4th. Five analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $32.00.
In other news, insider Terry D. Bassham sold 6,370 shares of Great Plains Energy stock in a transaction on Monday, September 18th. The stock was sold at an average price of $30.54, for a total transaction of $194,539.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Kevin E. Bryant sold 9,853 shares of Great Plains Energy stock in a transaction on Monday, September 18th. The stock was sold at an average price of $30.64, for a total value of $301,895.92. Following the sale, the chief financial officer now directly owns 38,003 shares of the company’s stock, valued at approximately $1,164,411.92. The disclosure for this sale can be found here. Insiders have sold 27,391 shares of company stock valued at $838,626 in the last three months. Insiders own 0.41% of the company’s stock.
Great Plains Energy Company 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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