Two Sigma Advisers LP reduced its stake in Great Plains Energy (NYSE:GXP) by 24.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,173,520 shares of the utilities provider’s stock after selling 379,788 shares during the quarter. Two Sigma Advisers LP owned 0.54% of Great Plains Energy worth $37,834,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of GXP. Commonwealth Bank of Australia lifted its position in 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 buying an additional 4,336,097 shares in the last quarter. Renaissance Technologies LLC lifted its position in Great Plains Energy by 156.8% during the 4th quarter. Renaissance Technologies LLC now owns 2,567,915 shares of the utilities provider’s stock worth $82,790,000 after buying an additional 1,568,100 shares in the last quarter. Eagle Asset Management Inc. bought a new stake in Great Plains Energy during the 4th quarter worth about $46,879,000. AMP Capital Investors Ltd lifted its position in Great Plains Energy by 1,464.8% during the 3rd quarter. AMP Capital Investors Ltd now owns 1,246,032 shares of the utilities provider’s stock worth $37,756,000 after buying an additional 1,166,405 shares in the last quarter. Finally, Jennison Associates LLC lifted its position in 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 buying an additional 969,842 shares in the last quarter. 86.00% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts have commented on GXP shares. TheStreet cut shares of Great Plains Energy from a “b-” rating to a “c” rating in a research report on Thursday, February 22nd. JPMorgan Chase dropped their target price on shares of Great Plains Energy from $37.00 to $34.00 and set an “overweight” rating on the stock in a report on Thursday, January 25th. Zacks Investment Research raised shares of Great Plains Energy from a “sell” rating to a “hold” rating in a report on Monday, February 26th. SunTrust Banks reaffirmed a “hold” rating and issued a $31.00 target price on shares of Great Plains Energy in a report on Tuesday, December 26th. Finally, UBS initiated coverage on shares of Great Plains Energy in a report on Friday, February 2nd. They issued a “neutral” rating and a $32.00 target price on the stock. Four research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $32.00.
GXP traded down $0.18 on Friday, reaching $31.00. The company had a trading volume of 1,755,477 shares, compared to its average volume of 1,691,626. Great Plains Energy has a fifty-two week low of $27.60 and a fifty-two week high of $34.72. The firm has a market cap of $6,685.61, a P/E ratio of 17.82, a price-to-earnings-growth ratio of 3.41 and a beta of 0.33. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.10 and a current ratio of 1.29.
Great Plains Energy (NYSE:GXP) last announced its quarterly earnings results on Wednesday, February 21st. The utilities provider reported $0.13 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.13. Great Plains Energy had a negative net margin of 3.92% and a positive return on equity of 5.25%. The business had revenue of $597.70 million for the quarter, compared to analyst estimates of $606.26 million. During the same quarter in the prior year, the business earned $0.13 EPS. equities analysts forecast that Great Plains Energy will post 1.82 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 20th. Shareholders of record on Tuesday, February 27th were given 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%.
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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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