Cubist Systematic Strategies LLC bought a new stake in shares of Great Plains Energy Incorporated (NYSE:GXP) during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 32,778 shares of the utilities provider’s stock, valued at approximately $993,000.

A number of other large investors also recently made changes to their positions in the business. Advisory Services Network LLC grew its holdings in Great Plains Energy by 0.9% during the 2nd quarter. Advisory Services Network LLC now owns 4,793 shares of the utilities provider’s stock valued at $140,000 after buying an additional 45 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in Great Plains Energy by 0.3% during the 2nd quarter. PNC Financial Services Group Inc. now owns 19,293 shares of the utilities provider’s stock valued at $566,000 after buying an additional 57 shares during the last quarter. Utah Retirement Systems grew its holdings in Great Plains Energy by 0.5% during the 2nd quarter. Utah Retirement Systems now owns 39,501 shares of the utilities provider’s stock valued at $1,157,000 after buying an additional 200 shares during the last quarter. People s United Financial Inc. boosted its holdings in shares of Great Plains Energy by 2.1% during the second quarter. People s United Financial Inc. now owns 13,406 shares of the utilities provider’s stock worth $393,000 after purchasing an additional 280 shares during the last quarter. Finally, Picton Mahoney Asset Management boosted its holdings in shares of Great Plains Energy by 3.1% during the second quarter. Picton Mahoney Asset Management now owns 16,500 shares of the utilities provider’s stock worth $483,000 after purchasing an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 87.07% of the company’s stock.

GXP has been the topic of several analyst reports. Zacks Investment Research cut Great Plains Energy from a “hold” rating to a “sell” rating in a report on Tuesday, September 12th. BidaskClub upgraded Great Plains Energy from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 26th. SunTrust Banks restated a “hold” rating and set a $30.00 price objective on shares of Great Plains Energy in a report on Wednesday, October 4th. ValuEngine upgraded Great Plains Energy from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. Finally, KeyCorp restated 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 assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $32.00.

Shares of Great Plains Energy Incorporated (NYSE GXP) opened at $32.29 on Thursday. Great Plains Energy Incorporated has a fifty-two week low of $26.72 and a fifty-two week high of $34.72. The stock has a market capitalization of $6,980.97, a price-to-earnings ratio of 18.60, a PEG ratio of 3.33 and a beta of 0.46. 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 issued its earnings results on Wednesday, November 1st. The utilities provider reported $1.05 earnings per share for the quarter, beating the Zacks’ 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 firm had revenue of $857.20 million for the quarter, compared to analysts’ expectations of $805.72 million. During the same quarter last year, the firm earned $1.00 earnings per share. research analysts expect that Great Plains Energy Incorporated will post 1.77 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 20th. Investors of record on Wednesday, November 29th were issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date was Monday, November 27th. Great Plains Energy’s payout ratio is currently 550.03%.

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

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