Proficio Capital Partners LLC raised its stake in Great Plains Energy Inc (NYSE:GXP) by 312.2% during the first quarter, according to its most recent filing with the SEC. The fund owned 3,710 shares of the utilities provider’s stock after buying an additional 2,810 shares during the period. Proficio Capital Partners LLC’s holdings in Great Plains Energy were worth $107,000 at the end of the most recent reporting period.
A number of other large investors have also made changes to their positions in GXP. Macquarie Group Ltd. boosted its stake in shares of Great Plains Energy by 63.3% in the fourth quarter. Macquarie Group Ltd. now owns 73,500 shares of the utilities provider’s stock valued at $2,010,000 after buying an additional 28,500 shares in the last quarter. Teachers Advisors LLC boosted its stake in shares of Great Plains Energy by 140.0% in the fourth quarter. Teachers Advisors LLC now owns 433,889 shares of the utilities provider’s stock valued at $11,867,000 after buying an additional 253,127 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its stake in shares of Great Plains Energy by 9.5% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 47,403 shares of the utilities provider’s stock valued at $1,296,000 after buying an additional 4,100 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in shares of Great Plains Energy during the fourth quarter valued at $2,324,000. Finally, Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Great Plains Energy by 12.0% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,162 shares of the utilities provider’s stock valued at $197,000 after buying an additional 769 shares in the last quarter. Institutional investors own 88.38% of the company’s stock.
Great Plains Energy Inc (GXP) traded up 1.25% on Monday, reaching $29.87. 534,395 shares of the company’s stock traded hands. The stock has a market capitalization of $6.43 billion, a price-to-earnings ratio of 24.75 and a beta of 0.47. Great Plains Energy Inc has a 52 week low of $25.85 and a 52 week high of $31.24. The firm has a 50-day moving average price of $28.82 and a 200-day moving average price of $28.36.
Great Plains Energy (NYSE:GXP) last issued its earnings results on Thursday, May 4th. The utilities provider reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. Great Plains Energy had a return on equity of 6.52% and a net margin of 9.50%. The business had revenue of $570.70 million during the quarter, compared to the consensus estimate of $584.92 million. During the same period last year, the company earned $0.17 EPS. On average, analysts predict that Great Plains Energy Inc will post $1.74 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, June 20th. Shareholders of record on Tuesday, May 30th were paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date was Thursday, May 25th. Great Plains Energy’s dividend payout ratio (DPR) is presently 82.09%.
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Several brokerages recently weighed in on GXP. Zacks Investment Research upgraded shares of Great Plains Energy from a “sell” rating to a “hold” rating in a research report on Friday, June 16th. BidaskClub upgraded shares of Great Plains Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, June 21st. Finally, Evercore ISI restated an “outperform” rating and issued a $31.00 price target on shares of Great Plains Energy in a research report on Thursday, March 30th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $31.75.
About Great Plains Energy
Great Plains Energy Incorporated (Great Plains Energy) is a utility holding company. The Company operates through electric utility segment. The Company’s subsidiaries with operations include Kansas City Power & Light Company (KCP&L) and KCP&L Greater Missouri Operations Company (GMO). KCP&L is an integrated, regulated electric utility that provides electricity to customers primarily in the states of Missouri and Kansas.
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