Great Plains Energy Inc (GXP) Shares Bought by Ameritas Investment Partners Inc.

Ameritas Investment Partners Inc. boosted its position in Great Plains Energy Inc (NYSE:GXP) by 1.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 64,520 shares of the utilities provider’s stock after acquiring an additional 1,028 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Great Plains Energy were worth $1,889,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. increased its stake in Great Plains Energy by 17.9% in the first quarter. Nomura Asset Management Co. Ltd. now owns 3,420 shares of the utilities provider’s stock valued at $100,000 after acquiring an additional 520 shares during the last quarter. Proficio Capital Partners LLC increased its stake in Great Plains Energy by 312.2% in the first quarter. Proficio Capital Partners LLC now owns 3,710 shares of the utilities provider’s stock valued at $107,000 after acquiring an additional 2,810 shares during the last quarter. Ffcm LLC increased its stake in Great Plains Energy by 171.5% in the second quarter. Ffcm LLC now owns 4,018 shares of the utilities provider’s stock valued at $118,000 after acquiring an additional 2,538 shares during the last quarter. First Command Bank increased its stake in Great Plains Energy by 100.0% in the second quarter. First Command Bank now owns 4,400 shares of the utilities provider’s stock valued at $128,000 after acquiring an additional 2,200 shares during the last quarter. Finally, V Wealth Management LLC bought a new position in Great Plains Energy in the second quarter valued at $191,000. 87.90% of the stock is currently owned by institutional investors and hedge funds.

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A number of research analysts recently commented on GXP shares. Zacks Investment Research cut Great Plains Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, September 12th. BidaskClub raised Great Plains Energy from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 26th. SunTrust Banks, Inc. restated a “hold” rating and set a $30.00 price target on shares of Great Plains Energy in a research report on Wednesday, October 4th. KeyCorp restated a “hold” rating on shares of Great Plains Energy in a research report on Friday, September 1st. Finally, J P Morgan Chase & Co set a $35.00 price target on shares of Great Plains Energy and gave the company a “buy” rating in a research report on Thursday. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Great Plains Energy has a consensus rating of “Buy” and an average price target of $31.43.

Great Plains Energy Inc (NYSE:GXP) traded down 0.47% during mid-day trading on Friday, reaching $31.79. 1,284,742 shares of the company’s stock traded hands. Great Plains Energy Inc has a one year low of $25.85 and a one year high of $32.09. The firm’s 50-day moving average price is $30.79 and its 200 day moving average price is $29.92. The firm has a market cap of $6.85 billion, a price-to-earnings ratio of 37.71 and a beta of 0.44.

Great Plains Energy (NYSE:GXP) last issued its quarterly earnings results on Wednesday, August 9th. The utilities provider reported $0.43 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.04). The firm had revenue of $682.60 million for the quarter, compared to the consensus estimate of $677.00 million. Great Plains Energy had a net margin of 8.00% and a return on equity of 5.62%. During the same quarter in the previous year, the company posted $0.55 earnings per share. On average, equities analysts forecast that Great Plains Energy Inc will post $1.60 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 20th. Investors of record on Tuesday, August 29th were issued a dividend of $0.275 per share. The ex-dividend date was Friday, August 25th. This represents a $1.10 annualized dividend and a yield of 3.46%. Great Plains Energy’s payout ratio is 105.77%.

In related news, CFO Kevin E. Bryant sold 9,853 shares of the company’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $30.64, for a total transaction of $301,895.92. Following the transaction, the chief financial officer now directly owns 38,003 shares in the company, valued at approximately $1,164,411.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Lori A. Wright sold 7,668 shares of the company’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $30.54, for a total transaction of $234,180.72. The disclosure for this sale can be found here. Insiders have sold a total of 27,391 shares of company stock worth $838,626 over the last quarter. 0.41% of the stock is currently owned by insiders.

Great Plains Energy Profile

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.

Institutional Ownership by Quarter for Great Plains Energy (NYSE:GXP)

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