Great Plains Energy Incorporated (NYSE:GXP) declared a quarterly dividend on Tuesday, February 13th, RTT News reports. Shareholders of record on Tuesday, February 27th will be paid a dividend of 0.275 per share by the utilities provider on Tuesday, March 20th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date is Monday, February 26th.
Great Plains Energy has raised its dividend by an average of 5.6% per year over the last three years and has raised its dividend annually for the last 7 consecutive years. Great Plains Energy has a payout ratio of 62.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Great Plains Energy to earn $1.83 per share next year, which means the company should continue to be able to cover its $1.10 annual dividend with an expected future payout ratio of 60.1%.
Great Plains Energy (NYSE:GXP) opened at $30.51 on Friday. Great Plains Energy has a one year low of $27.60 and a one year high of $34.72. The firm has a market cap of $6,579.94, a P/E ratio of 17.53, a price-to-earnings-growth ratio of 3.40 and a beta of 0.38. The company has a current ratio of 1.29, a quick ratio of 1.24 and a debt-to-equity ratio of 0.67.
Great Plains Energy (NYSE:GXP) last announced its earnings results on Wednesday, February 21st. The utilities provider reported $0.13 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.13. Great Plains Energy had a negative net margin of 3.92% and a positive return on equity of 5.25%. The business had revenue of $597.70 million during the quarter, compared to the consensus estimate of $606.26 million. During the same quarter last year, the firm earned $0.13 earnings per share. equities research analysts expect that Great Plains Energy will post 1.8 EPS for the current fiscal year.
GXP has been the subject of a number of analyst reports. ValuEngine raised shares of Great Plains Energy from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. Zacks Investment Research downgraded shares of Great Plains Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. SunTrust Banks reaffirmed a “hold” rating and set a $31.00 target price on shares of Great Plains Energy in a research note on Tuesday, December 26th. JPMorgan Chase & Co. decreased their target price on shares of Great Plains Energy from $37.00 to $34.00 and set an “overweight” rating for the company in a research note on Thursday, January 25th. Finally, UBS Group initiated coverage on shares of Great Plains Energy in a research note on Friday, February 2nd. They set a “neutral” rating and a $32.00 target price for the company. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $31.50.
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Great Plains Energy Company 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.
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