Great Plains Energy Incorporated (NYSE:GXP) – Equities researchers at KeyCorp issued their Q1 2017 EPS estimates for Great Plains Energy in a report issued on Tuesday. KeyCorp analyst P. Ridzon forecasts that the utilities provider will earn $0.13 per share for the quarter.

Great Plains Energy (NYSE:GXP) last issued its quarterly earnings results on Thursday, February 23rd. The utilities provider reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. The business earned $576.30 million during the quarter, compared to analyst estimates of $570.88 million. Great Plains Energy had a net margin of 8.06% and a return on equity of 7.87%. During the same quarter last year, the business posted $0.15 earnings per share.

ILLEGAL ACTIVITY NOTICE: “Research Analysts Set Expectations for Great Plains Energy Incorporated’s Q1 2017 Earnings (GXP)” was originally posted by American Banking News and is the sole property of of American Banking News. If you are accessing this story on another website, it was stolen and reposted in violation of United States & international copyright & trademark legislation. The correct version of this story can be read at https://www.americanbankingnews.com/2017/04/20/research-analysts-set-expectations-for-great-plains-energy-incorporateds-q1-2017-earnings-gxp.html.

Earnings History and Estimates for Great Plains Energy (NYSE:GXP)

Several other equities analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Great Plains Energy from a “buy” rating to a “hold” rating in a research note on Thursday, January 19th. Barclays PLC reaffirmed an “equal weight” rating and set a $30.00 price target (up previously from $27.00) on shares of Great Plains Energy in a research note on Saturday, March 11th. Finally, Evercore ISI reaffirmed an “outperform” rating and set a $31.00 price target on shares of Great Plains Energy in a research note on Thursday, March 30th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $31.88.

This article was originally published by and is the sole property of American Banking News. If you happen to be reading this article on another website, it was stolen and illegally republished in violation of U.S. and International copyright law. The original version of this story can be read at https://www.americanbankingnews.com/2017/04/20/research-analysts-set-expectations-for-great-plains-energy-incorporateds-q1-2017-earnings-gxp.html

Shares of Great Plains Energy (NYSE:GXP) opened at 29.51 on Thursday. The company has a 50 day moving average of $29.01 and a 200-day moving average of $27.84. Great Plains Energy has a one year low of $25.85 and a one year high of $32.24. The firm has a market cap of $6.35 billion, a price-to-earnings ratio of 18.33 and a beta of 0.40.

Several large investors have recently bought and sold shares of GXP. Louisiana State Employees Retirement System boosted its stake in Great Plains Energy by 30.7% in the third quarter. Louisiana State Employees Retirement System now owns 53,700 shares of the utilities provider’s stock valued at $1,465,000 after buying an additional 12,600 shares during the period. Miller Howard Investments Inc. NY boosted its stake in Great Plains Energy by 0.7% in the third quarter. Miller Howard Investments Inc. NY now owns 66,207 shares of the utilities provider’s stock valued at $1,807,000 after buying an additional 432 shares during the period. State of Alaska Department of Revenue boosted its stake in Great Plains Energy by 5.3% in the third quarter. State of Alaska Department of Revenue now owns 13,133 shares of the utilities provider’s stock valued at $358,000 after buying an additional 663 shares during the period. Great West Life Assurance Co. Can boosted its stake in Great Plains Energy by 14.6% in the third quarter. Great West Life Assurance Co. Can now owns 317,034 shares of the utilities provider’s stock valued at $8,662,000 after buying an additional 40,285 shares during the period. Finally, Texas Permanent School Fund boosted its stake in Great Plains Energy by 33.7% in the third quarter. Texas Permanent School Fund now owns 157,860 shares of the utilities provider’s stock valued at $4,308,000 after buying an additional 39,755 shares during the period. Institutional investors own 90.15% of the company’s stock.

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.

5 Day Chart for NYSE:GXP

Receive News & Ratings for Great Plains Energy Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Great Plains Energy Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.