Somewhat Positive Press Coverage Somewhat Unlikely to Affect Great Plains Energy (GXP) Stock Price
News headlines about Great Plains Energy (NYSE:GXP) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Great Plains Energy earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned news stories about the utilities provider an impact score of 45.9762805585288 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Shares of Great Plains Energy (NYSE:GXP) traded up $0.03 during trading on Friday, reaching $34.34. The company had a trading volume of 837,281 shares, compared to its average volume of 2,181,771. The stock has a market cap of $7,400.00, a P/E ratio of 19.65, a P/E/G ratio of 3.51 and a beta of 0.46. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.24 and a current ratio of 1.44. Great Plains Energy has a 1 year low of $26.13 and a 1 year high of $34.54.
Great Plains Energy (NYSE:GXP) last announced its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.09. The firm had revenue of $857.20 million during the quarter, compared to the consensus estimate 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 prior year, the business earned $1.00 EPS. research analysts forecast that Great Plains Energy will post 1.77 earnings per share for the current year.
Several brokerages have recently commented on GXP. Wells Fargo & Company raised Great Plains Energy from a “market perform” rating to an “outperform” rating in a report on Monday, October 2nd. Zacks Investment Research raised Great Plains Energy from a “sell” rating to a “hold” rating in a report on Wednesday, October 4th. BidaskClub raised Great Plains Energy from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. J P Morgan Chase & Co set a $35.00 target price on Great Plains Energy and gave the company a “buy” rating in a report on Thursday, October 12th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Great Plains Energy in a report on Friday, September 1st. Five equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $32.00.
In related news, VP Lori A. Wright sold 7,668 shares of the stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $30.54, for a total value of $234,180.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Heather A. Humphrey sold 3,500 shares of the stock in a transaction dated Tuesday, September 19th. The stock was 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. Over the last three months, insiders sold 27,391 shares of company stock valued at $838,626. Company insiders own 0.41% of the company’s stock.
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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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