Amalgamated Bank raised its stake in shares of Great Plains Energy (NYSE:GXP) by 5.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,557 shares of the utilities provider’s stock after purchasing an additional 2,446 shares during the period. Amalgamated Bank’s holdings in Great Plains Energy were worth $1,404,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also modified their holdings of GXP. Advisory Services Network LLC boosted its position in Great Plains Energy by 62.7% during the 4th quarter. Advisory Services Network LLC now owns 5,950 shares of the utilities provider’s stock valued at $192,000 after acquiring an additional 2,294 shares in the last quarter. Cadence Capital Management LLC boosted its position in Great Plains Energy by 28.6% during the 3rd quarter. Cadence Capital Management LLC now owns 13,499 shares of the utilities provider’s stock valued at $409,000 after acquiring an additional 3,000 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Great Plains Energy by 38.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,472 shares of the utilities provider’s stock valued at $402,000 after purchasing an additional 3,457 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Great Plains Energy by 6.4% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 59,222 shares of the utilities provider’s stock valued at $1,909,000 after purchasing an additional 3,563 shares during the last quarter. Finally, Bank of Nova Scotia Trust Co. purchased a new stake in shares of Great Plains Energy during the 3rd quarter valued at $109,000. Hedge funds and other institutional investors own 86.00% of the company’s stock.
NYSE GXP traded down $0.38 on Monday, reaching $31.41. The stock had a trading volume of 1,441,463 shares, compared to its average volume of 1,586,777. The firm has a market cap of $6,856.00, a price-to-earnings ratio of 18.05, a PEG ratio of 3.50 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 12-month low of $27.60 and a 12-month high of $34.72.
Great Plains Energy (NYSE:GXP) last announced its earnings results on Wednesday, February 21st. The utilities provider reported $0.13 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.13. Great Plains Energy had a positive return on equity of 5.25% and a negative net margin of 3.92%. The company had revenue of $597.70 million for the quarter, compared to analyst estimates of $606.26 million. During the same quarter in the previous year, the company earned $0.13 earnings per share. analysts anticipate that Great Plains Energy will post 1.82 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 20th. Stockholders of record on Tuesday, February 27th were given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date was Monday, February 26th. Great Plains Energy’s dividend payout ratio is currently 63.22%.
A number of brokerages recently issued reports on GXP. Zacks Investment Research lowered Great Plains Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd. UBS began coverage on Great Plains Energy in a research report on Friday, February 2nd. They set a “neutral” rating and a $32.00 target price on the stock. JPMorgan Chase dropped their target price on Great Plains Energy from $37.00 to $34.00 and set an “overweight” rating on the stock in a research report on Thursday, January 25th. TheStreet cut Great Plains Energy from a “b-” rating to a “c” rating in a report on Thursday, February 22nd. Finally, Morgan Stanley upgraded Great Plains Energy to a “buy” rating and set a $26.00 price objective on the stock in a report on Tuesday, February 13th. Four investment 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 stock. The stock currently has an average rating of “Buy” and a consensus target price of $32.00.
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.
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