News coverage about Great Plains Energy (NYSE:GXP) has been trending somewhat positive on Wednesday, Accern Sentiment reports. Accern ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources. 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 media sentiment score of 0.21 on Accern’s scale. Accern also gave news coverage about the utilities provider an impact score of 45.2611933494488 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Great Plains Energy stock traded up $0.10 during trading hours on Wednesday, reaching $30.96. 1,170,331 shares of the stock were exchanged, compared to its average volume of 1,578,805. The company has a market capitalization of $6,679.15, a price-to-earnings ratio of 17.79, a PEG ratio of 3.41 and a beta of 0.33. 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 has a twelve month low of $27.60 and a twelve month high of $34.72.
Great Plains Energy (NYSE:GXP) last announced its quarterly earnings data on Wednesday, February 21st. The utilities provider reported $0.13 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.13. The firm had revenue of $597.70 million for the quarter, compared to the consensus estimate of $606.26 million. Great Plains Energy had a negative net margin of 3.92% and a positive return on equity of 5.25%. During the same period in the prior year, the company posted $0.13 earnings per share. sell-side analysts expect that Great Plains Energy will post 1.82 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 20th. Shareholders of record on Tuesday, February 27th were paid 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 yield of 3.55%. Great Plains Energy’s payout ratio is 63.22%.
A number of equities analysts recently commented on the stock. ValuEngine raised shares of Great Plains Energy from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. SunTrust Banks reaffirmed a “hold” rating and set a $31.00 price target on shares of Great Plains Energy in a research report on Tuesday, December 26th. Zacks Investment Research lowered shares of Great Plains Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, January 3rd. JPMorgan Chase increased their price objective on shares of Great Plains Energy from $32.00 to $33.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, TheStreet downgraded shares of Great Plains Energy from a “b-” rating to a “c” rating in a research note on Thursday, February 22nd. Four research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $31.83.
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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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