Shares of Great Plains Energy Inc (NYSE:GXP) hit a new 52-week high during trading on Wednesday . The stock traded as high as $34.19 and last traded at $34.14, with a volume of 859300 shares changing hands. The stock had previously closed at $33.99.

GXP has been the topic of several research analyst reports. Bank of America Corporation initiated coverage on Great Plains Energy in a report on Tuesday, October 24th. They issued a “buy” rating and a $35.00 price objective on the stock. BidaskClub raised Great Plains Energy from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 26th. KeyCorp reissued a “hold” rating on shares of Great Plains Energy in a report on Friday, September 1st. Zacks Investment Research lowered Great Plains Energy from a “hold” rating to a “sell” rating in a report on Tuesday, September 12th. Finally, SunTrust Banks, Inc. reissued a “hold” rating and issued a $30.00 price objective on shares of Great Plains Energy in a report on Wednesday, October 4th. Five analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $32.00.

The company has a quick ratio of 1.24, a current ratio of 1.44 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $7,362.69, a P/E ratio of 19.62, a PEG ratio of 3.51 and a beta of 0.47.

Great Plains Energy (NYSE:GXP) last issued its quarterly earnings results on Wednesday, November 1st. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.09. The firm had revenue of $857.20 million for the quarter, compared to analyst estimates of $805.72 million. Great Plains Energy had a return on equity of 5.41% and a net margin of 3.42%. During the same period in the previous year, the company posted $1.00 earnings per share. research analysts expect that Great Plains Energy Inc will post 1.77 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Wednesday, November 29th will be paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date is Monday, November 27th. Great Plains Energy’s dividend payout ratio is presently 550.03%.

In related news, SVP Heather A. Humphrey sold 3,500 shares of Great Plains Energy stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $30.86, for a total transaction of $108,010.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Terry D. Bassham sold 6,370 shares of Great Plains Energy stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $30.54, for a total value of $194,539.80. The disclosure for this sale can be found here. Insiders sold 27,391 shares of company stock worth $838,626 over the last ninety days. Corporate insiders own 0.41% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Bank of Nova Scotia Trust Co. purchased a new position in Great Plains Energy during the third quarter worth approximately $109,000. Ffcm LLC lifted its position in Great Plains Energy by 171.5% during the second quarter. Ffcm LLC now owns 4,018 shares of the utilities provider’s stock worth $118,000 after buying an additional 2,538 shares in the last quarter. Advisory Services Network LLC lifted its position in Great Plains Energy by 0.9% during the second quarter. Advisory Services Network LLC now owns 4,793 shares of the utilities provider’s stock worth $140,000 after buying an additional 45 shares in the last quarter. HL Financial Services LLC purchased a new position in Great Plains Energy during the third quarter worth approximately $205,000. Finally, CIBC Asset Management Inc purchased a new position in Great Plains Energy during the third quarter worth approximately $211,000. Hedge funds and other institutional investors own 90.72% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Great Plains Energy Inc (GXP) Sets New 1-Year High at $34.19” was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece of content on another website, it was illegally stolen and reposted in violation of international copyright & trademark laws. The legal version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/11/24/great-plains-energy-inc-gxp-sets-new-1-year-high-at-34-19.html.

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.

Receive News & Stock Ratings for Great Plains Energy Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Great Plains Energy Inc and related stocks with our FREE daily email newsletter.