Shares of Great Plains Energy Incorporated (NYSE:GXP) have been assigned a consensus recommendation of “Hold” from the nine brokerages that are currently covering the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $31.67.

A number of brokerages have issued reports on GXP. Zacks Investment Research downgraded Great Plains Energy from a “hold” rating to a “sell” rating in a report on Monday, May 1st. Evercore ISI reissued an “outperform” rating and issued a $31.00 price target on shares of Great Plains Energy in a report on Thursday, March 30th. Finally, Barclays PLC reissued an “equal weight” rating and issued a $30.00 price target (up from $27.00) on shares of Great Plains Energy in a report on Saturday, March 11th.

Shares of Great Plains Energy (NYSE:GXP) traded up 1.60% during mid-day trading on Friday, reaching $28.52. 3,404,317 shares of the company traded hands. The firm has a 50 day moving average of $28.97 and a 200-day moving average of $28.05. Great Plains Energy has a 52 week low of $25.85 and a 52 week high of $31.24. The stock has a market capitalization of $6.14 billion, a PE ratio of 23.63 and a beta of 0.40.

Great Plains Energy (NYSE:GXP) last announced its quarterly earnings results on Thursday, May 4th. The utilities provider reported $0.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.01. Great Plains Energy had a return on equity of 7.87% and a net margin of 8.06%. The company had revenue of $570.70 million during the quarter, compared to the consensus estimate of $584.92 million. During the same period in the previous year, the company posted $0.17 earnings per share. On average, equities research analysts expect that Great Plains Energy will post $1.74 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 20th. Stockholders of record on Tuesday, May 30th will be paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 3.92%. The ex-dividend date of this dividend is Thursday, May 25th. Great Plains Energy’s payout ratio is 79.71%.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Advisory Services Network LLC acquired a new position in shares of Great Plains Energy during the first quarter valued at $139,000. Mckinley Capital Management LLC Delaware purchased a new position in Great Plains Energy during the first quarter valued at approximately $141,000. Envestnet Asset Management Inc. increased its position in Great Plains Energy by 22.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 5,476 shares of the utilities provider’s stock valued at $148,000 after buying an additional 1,008 shares in the last quarter. MAI Capital Management purchased a new position in Great Plains Energy during the first quarter valued at approximately $208,000. Finally, Ladenburg Thalmann Financial Services Inc. increased its position in 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. 90.15% of the stock is owned by institutional investors and hedge funds.

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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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