State of Wisconsin Investment Board Acquires 25,311 Shares of Great Plains Energy Incorporated (NYSE:GXP)

State of Wisconsin Investment Board raised its holdings in Great Plains Energy Incorporated (NYSE:GXP) by 12.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 236,699 shares of the utilities provider’s stock after buying an additional 25,311 shares during the period. State of Wisconsin Investment Board owned approximately 0.11% of Great Plains Energy worth $7,172,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of GXP. Nomura Asset Management Co. Ltd. lifted its position in shares of Great Plains Energy by 17.9% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 3,420 shares of the utilities provider’s stock worth $100,000 after purchasing an additional 520 shares during the last quarter. Ffcm LLC lifted its position in shares of Great Plains Energy by 171.5% during the 2nd quarter. Ffcm LLC now owns 4,018 shares of the utilities provider’s stock worth $118,000 after purchasing an additional 2,538 shares during the last quarter. Advisory Services Network LLC lifted its position in shares of 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 worth $140,000 after purchasing an additional 45 shares during the last quarter. Cornerstone Capital Management Holdings LLC. purchased a new stake in shares of Great Plains Energy during the 2nd quarter worth $219,000. Finally, National Planning Corp purchased a new stake in shares of Great Plains Energy during the 2nd quarter worth $226,000. 87.09% of the stock is owned by institutional investors.

Shares of Great Plains Energy Incorporated (NYSE GXP) traded down $0.17 during trading hours on Monday, reaching $34.17. 693,726 shares of the company traded hands, compared to its average volume of 2,175,385. Great Plains Energy Incorporated has a 12-month low of $26.13 and a 12-month high of $34.56. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.44 and a quick ratio of 1.24. The firm has a market cap of $7,405.82, a price-to-earnings ratio of 19.74, a P/E/G ratio of 3.53 and a beta of 0.46.

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

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Wednesday, November 29th will be paid a dividend of $0.275 per share. The ex-dividend date of this dividend is Monday, November 27th. This represents a $1.10 annualized dividend and a yield of 3.22%. Great Plains Energy’s dividend payout ratio is currently 550.03%.

Several research firms have recently issued reports on GXP. Zacks Investment Research cut shares of Great Plains Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. ValuEngine raised shares of Great Plains Energy from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. Bank of America began coverage on shares of Great Plains Energy in a research report on Tuesday, October 24th. They set a “buy” rating and a $35.00 price objective for the company. J P Morgan Chase & Co set a $35.00 price objective on shares of Great Plains Energy and gave the stock a “buy” rating in a research report on Thursday, October 12th. Finally, BidaskClub raised shares of Great Plains Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Five research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $32.00.

In other Great Plains Energy news, VP Lori A. Wright sold 7,668 shares of Great Plains Energy stock in a transaction on Monday, September 18th. The shares were sold at an average price of $30.54, for a total value of $234,180.72. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Heather A. Humphrey sold 3,500 shares of Great Plains Energy stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $30.86, for a total transaction of $108,010.00. The disclosure for this sale can be found here. Insiders have sold a total of 27,391 shares of company stock worth $838,626 over the last quarter. 0.41% of the stock is owned by company insiders.

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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.

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

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