Teachers Advisors LLC lifted its holdings in shares of Great Plains Energy Incorporated (NYSE:GXP) by 289.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 996,702 shares of the utilities provider’s stock after purchasing an additional 740,758 shares during the quarter. Teachers Advisors LLC’s holdings in Great Plains Energy were worth $32,134,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Commonwealth Bank of Australia raised its stake in shares of Great Plains Energy by 237.8% during the 3rd quarter. Commonwealth Bank of Australia now owns 6,159,458 shares of the utilities provider’s stock worth $185,952,000 after purchasing an additional 4,336,097 shares during the period. Wedge Capital Management L L P NC raised its stake in shares of Great Plains Energy by 7.3% during the 4th quarter. Wedge Capital Management L L P NC now owns 5,344,429 shares of the utilities provider’s stock worth $172,304,000 after purchasing an additional 365,845 shares during the period. Jennison Associates LLC raised its stake in shares of Great Plains Energy by 24.4% during the 4th quarter. Jennison Associates LLC now owns 4,943,982 shares of the utilities provider’s stock worth $159,394,000 after purchasing an additional 969,842 shares during the period. Janus Henderson Group PLC raised its stake in shares of Great Plains Energy by 5.6% during the 3rd quarter. Janus Henderson Group PLC now owns 4,214,440 shares of the utilities provider’s stock worth $127,698,000 after purchasing an additional 222,763 shares during the period. Finally, Duff & Phelps Investment Management Co. raised its stake in shares of Great Plains Energy by 27.0% during the 4th quarter. Duff & Phelps Investment Management Co. now owns 3,176,000 shares of the utilities provider’s stock worth $102,394,000 after purchasing an additional 676,000 shares during the period. Institutional investors own 85.99% of the company’s stock.

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Shares of Great Plains Energy stock opened at $30.66 on Thursday. Great Plains Energy Incorporated has a twelve month low of $27.60 and a twelve month high of $34.72. The firm has a market capitalization of $6,569.16, a PE ratio of -47.17, a P/E/G ratio of 3.35 and a beta of 0.43. The company has a quick ratio of 1.10, a current ratio of 1.29 and a debt-to-equity ratio of 0.67.

Great Plains Energy (NYSE:GXP) last announced its quarterly earnings data on Wednesday, February 21st. The utilities provider reported $0.13 earnings per share for the quarter, hitting the consensus estimate of $0.13. Great Plains Energy had a positive return on equity of 5.25% and a negative net margin of 3.92%. The company had revenue of $597.70 million during the quarter, compared to analyst estimates of $606.26 million. During the same quarter last year, the firm posted $0.13 EPS. analysts forecast that Great Plains Energy Incorporated will post 1.82 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 20th. Shareholders of record on Tuesday, February 27th were issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date was Monday, February 26th. Great Plains Energy’s payout ratio is presently -169.23%.

A number of equities research analysts have recently commented on GXP shares. TheStreet cut Great Plains Energy from a “b-” rating to a “c” rating in a research note on Thursday, February 22nd. JPMorgan Chase & Co. decreased their price objective on Great Plains Energy from $37.00 to $34.00 and set an “overweight” rating for the company in a report on Thursday, January 25th. Zacks Investment Research raised Great Plains Energy from a “sell” rating to a “hold” rating in a report on Monday, February 26th. SunTrust Banks reissued a “hold” rating and issued a $31.00 price objective on shares of Great Plains Energy in a report on Tuesday, December 26th. Finally, UBS started coverage on Great Plains Energy in a report on Friday, February 2nd. They issued a “neutral” rating and a $32.00 price objective for the company. Four research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Great Plains Energy presently has a consensus rating of “Buy” and a consensus target price of $31.86.

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Great Plains Energy 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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