Tdam USA Inc. Acquires New Holdings in Great Plains Energy Incorporated (GXP)

Tdam USA Inc. purchased a new position in shares of Great Plains Energy Incorporated (NYSE:GXP) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 12,420 shares of the utilities provider’s stock, valued at approximately $376,000.

Other institutional investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its holdings in shares of Great Plains Energy by 1.7% during the first quarter. Dimensional Fund Advisors LP now owns 664,720 shares of the utilities provider’s stock worth $19,422,000 after purchasing an additional 11,249 shares during the last quarter. Capstone Asset Management Co. lifted its stake in shares of Great Plains Energy by 0.4% during the second quarter. Capstone Asset Management Co. now owns 19,562 shares of the utilities provider’s stock worth $573,000 after purchasing an additional 70 shares in the last quarter. LS Investment Advisors LLC increased its position in shares of Great Plains Energy by 19.1% during the second quarter. LS Investment Advisors LLC now owns 17,226 shares of the utilities provider’s stock worth $504,000 after acquiring an additional 2,762 shares during the last quarter. Aperio Group LLC increased its position in shares of Great Plains Energy by 11.9% during the second quarter. Aperio Group LLC now owns 79,452 shares of the utilities provider’s stock worth $2,326,000 after acquiring an additional 8,431 shares during the last quarter. Finally, State Treasurer State of Michigan increased its position in shares of Great Plains Energy by 1.6% during the second quarter. State Treasurer State of Michigan now owns 88,910 shares of the utilities provider’s stock worth $2,603,000 after acquiring an additional 1,400 shares during the last quarter. 87.09% of the stock is owned by institutional investors.

Shares of Great Plains Energy Incorporated (NYSE:GXP) opened at $34.17 on Tuesday. The firm has a market capitalization of $7,405.82, a P/E ratio of 19.74, a price-to-earnings-growth ratio of 3.53 and a beta of 0.46. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.44 and a quick ratio of 1.24. Great Plains Energy Incorporated has a 52-week low of $26.13 and a 52-week high of $34.56.

Great Plains Energy (NYSE:GXP) last released its earnings results on Wednesday, November 1st. The utilities provider reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm posted $1.00 earnings per share. equities analysts predict 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. Shareholders of record on Wednesday, November 29th will be issued a $0.275 dividend. The ex-dividend date of this dividend is Monday, November 27th. This represents a $1.10 annualized dividend and a dividend yield of 3.22%. Great Plains Energy’s dividend payout ratio is currently 550.03%.

In other Great Plains Energy news, SVP Heather A. Humphrey sold 3,500 shares of the business’s 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Kevin E. Bryant sold 9,853 shares of the business’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $30.64, for a total transaction of $301,895.92. Following the sale, the chief financial officer now directly owns 38,003 shares in the company, valued at $1,164,411.92. The disclosure for this sale can be found here. Insiders sold 27,391 shares of company stock worth $838,626 in the last ninety days. 0.41% of the stock is owned by corporate insiders.

A number of analysts have recently issued reports on GXP shares. BidaskClub raised Great Plains Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Zacks Investment Research lowered Great Plains Energy from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. KeyCorp reissued a “hold” rating on shares of Great Plains Energy in a report on Friday, September 1st. Wells Fargo & Company raised Great Plains Energy from a “market perform” rating to an “outperform” rating in a report on Monday, October 2nd. Finally, SunTrust Banks restated a “hold” rating and issued a $30.00 target price on shares of Great Plains Energy in a research note on Wednesday, October 4th. 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 company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $32.00.

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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.

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

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