SunTrust Increases Great Plains Energy Price Target to $27.00 (GXP)
Investment analysts at SunTrust increased their price target on shares of Great Plains Energy (NYSE:GXP) from $26.00 to $27.00 in a note issued to investors on Tuesday. SunTrust’s target price points to a potential upside of 5.18% from the stock’s previous close.
Great Plains Energy (NYSE:GXP) traded down 0.78% during mid-day trading on Tuesday, hitting $25.47. The stock had a trading volume of 383,111 shares. Great Plains Energy has a 52-week low of $21.46 and a 52-week high of $27.52. The stock has a 50-day moving average of $25.36 and a 200-day moving average of $25.97. The company has a market cap of $3.917 billion and a P/E ratio of 16.80.
Great Plains Energy (NYSE:GXP) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.34 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.41 by $0.07. The company had revenue of $648.40 million for the quarter, compared to the consensus estimate of $613.43 million. During the same quarter last year, the company posted $0.41 earnings per share. Great Plains Energy’s revenue was up 8.0% compared to the same quarter last year. On average, analysts predict that Great Plains Energy will post $1.65 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 19th. Stockholders of record on Thursday, August 28th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 3.58%. The ex-dividend date is Tuesday, August 26th.
Great Plains Energy Incorporated (NYSE:GXP) is a public utility holding company.
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