News coverage about Great Plains Energy (NYSE:GXP) has trended somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Great Plains Energy earned a news sentiment score of 0.21 on Accern’s scale. Accern also assigned news stories about the utilities provider an impact score of 45.1221591580882 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Shares of NYSE:GXP traded down $0.18 during mid-day trading on Friday, reaching $31.00. 1,755,477 shares of the stock were exchanged, compared to its average volume of 1,691,626. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.10 and a current ratio of 1.29. The company has a market cap of $6,724.44, a PE ratio of 17.82, a PEG ratio of 3.43 and a beta of 0.33. Great Plains Energy has a one year low of $27.60 and a one year high of $34.72.
Great Plains Energy (NYSE:GXP) last posted its quarterly earnings data on Wednesday, February 21st. The utilities provider reported $0.13 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.13. The business had revenue of $597.70 million during the quarter, compared to the consensus estimate of $606.26 million. Great Plains Energy had a positive return on equity of 5.25% and a negative net margin of 3.92%. During the same period last year, the company earned $0.13 earnings per share. research analysts predict that Great Plains Energy will post 1.82 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 20th. Investors of record on Tuesday, February 27th were issued a dividend of $0.275 per share. The ex-dividend date was Monday, February 26th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.55%. Great Plains Energy’s payout ratio is presently 63.22%.
Several brokerages have issued reports on GXP. SunTrust Banks restated a “hold” rating and issued a $30.00 price target on shares of Great Plains Energy in a report on Tuesday, March 6th. Zacks Investment Research upgraded Great Plains Energy from a “sell” rating to a “hold” rating in a report on Monday, February 26th. TheStreet downgraded Great Plains Energy from a “b-” rating to a “c” rating in a report on Thursday, February 22nd. Morgan Stanley upgraded Great Plains Energy to a “buy” rating and set a $26.00 price objective for the company in a report on Tuesday, February 13th. Finally, UBS initiated coverage on Great Plains Energy in a report on Friday, February 2nd. They set a “neutral” rating and a $32.00 price objective for the company. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Great Plains Energy has a consensus rating of “Buy” and a consensus target price of $32.00.
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About Great Plains Energy
Great Plains Energy Incorporated, through its subsidiaries, generates, transmits, distributes, and sells electricity. It also provides regulated steam services in St. Joseph, Missouri. The company generates electricity using coal, nuclear, natural gas, oil, wind, solar, landfill gas, and hydroelectric resources.
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