Shares of Great Plains Energy (NYSE:GXP) have been given a consensus recommendation of “Buy” by the eleven research firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $31.75.
Several equities analysts have commented on the stock. SunTrust Banks assumed coverage on shares of Great Plains Energy in a research note on Wednesday, June 6th. They issued a “buy” rating for the company. ValuEngine cut shares of Great Plains Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, June 5th. JPMorgan Chase & Co. boosted their price target on shares of Great Plains Energy from $33.00 to $34.00 and gave the company an “overweight” rating in a research report on Wednesday, May 23rd. Zacks Investment Research cut shares of Great Plains Energy from a “strong-buy” rating to a “sell” rating in a research report on Wednesday, May 9th. Finally, TheStreet raised shares of Great Plains Energy from a “c+” rating to a “b-” rating in a research report on Wednesday, May 2nd.
Great Plains Energy remained flat at $$31.99 during trading on Tuesday, MarketBeat reports. Great Plains Energy has a one year low of $28.46 and a one year high of $34.72. The company has a current ratio of 1.61, a quick ratio of 1.37 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $6.90 billion, a P/E ratio of 18.39 and a beta of 0.35.
Great Plains Energy (NYSE:GXP) last posted its earnings results on Wednesday, May 2nd. The utilities provider reported $0.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.04. The firm had revenue of $583.90 million during the quarter, compared to the consensus estimate of $591.44 million. Great Plains Energy had a negative net margin of 2.26% and a positive return on equity of 5.52%. During the same quarter last year, the firm earned $0.13 EPS.
The business also recently declared a quarterly dividend, which was paid on Wednesday, June 20th. Investors of record on Wednesday, May 30th were given a $0.275 dividend. The ex-dividend date was Tuesday, May 29th. This represents a $1.10 dividend on an annualized basis and a yield of 3.44%. Great Plains Energy’s dividend payout ratio (DPR) is presently 63.22%.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Meeder Asset Management Inc. acquired a new position in shares of Great Plains Energy during the first quarter worth about $140,000. MML Investors Services LLC purchased a new position in Great Plains Energy during the fourth quarter worth approximately $249,000. Leisure Capital Management purchased a new position in Great Plains Energy during the first quarter worth approximately $261,000. Advisor Group Inc. raised its stake in Great Plains Energy by 25.4% during the fourth quarter. Advisor Group Inc. now owns 9,939 shares of the utilities provider’s stock worth $321,000 after purchasing an additional 2,015 shares during the period. Finally, IFP Advisors Inc raised its stake in Great Plains Energy by 33.7% during the first quarter. IFP Advisors Inc now owns 11,265 shares of the utilities provider’s stock worth $358,000 after purchasing an additional 2,842 shares during the period. 88.91% of the stock is owned by hedge funds and other institutional investors.
Great Plains Energy Company Profile
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.
Receive News & Ratings for Great Plains Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Great Plains Energy and related companies with MarketBeat.com's FREE daily email newsletter.