Great Plains Energy Inc (NYSE:GXP) – Research analysts at KeyCorp dropped their Q2 2017 earnings per share (EPS) estimates for shares of Great Plains Energy in a research note issued to investors on Monday. KeyCorp analyst P. Ridzon now expects that the utilities provider will post earnings of $0.50 per share for the quarter, down from their prior forecast of $0.55. KeyCorp also issued estimates for Great Plains Energy’s FY2018 earnings at $1.85 EPS.

Several other equities research analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of Great Plains Energy from a “hold” rating to a “sell” rating in a research report on Monday, May 1st. Evercore ISI reissued an “outperform” rating and set a $31.00 target price on shares of Great Plains Energy in a research report on Thursday, March 30th. BidaskClub upgraded shares of Great Plains Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, June 21st. Finally, J P Morgan Chase & Co upgraded shares of Great Plains Energy from a “neutral” rating to an “overweight” rating and upped their price target for the company from $31.00 to $32.00 in a research note on Tuesday, July 11th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $31.56.

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Great Plains Energy (GXP) opened at 30.21 on Wednesday. The firm’s 50 day moving average is $29.61 and its 200-day moving average is $28.74. Great Plains Energy has a 52 week low of $25.85 and a 52 week high of $30.64. The company has a market cap of $6.51 billion, a P/E ratio of 25.03 and a beta of 0.44.

Great Plains Energy (NYSE:GXP) last announced its earnings results on Thursday, May 4th. The utilities provider reported $0.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.01. Great Plains Energy had a net margin of 9.50% and a return on equity of 6.52%. The business had revenue of $570.70 million during the quarter, compared to the consensus estimate of $584.92 million. During the same quarter last year, the firm earned $0.17 earnings per share.

A number of institutional investors have recently bought and sold shares of the stock. Nomura Asset Management Co. Ltd. increased its position 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 buying an additional 520 shares in the last quarter. Proficio Capital Partners LLC increased its position 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 buying an additional 2,810 shares in the last quarter. First Command Bank increased its position 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 buying an additional 2,200 shares in the last quarter. Advisory Services Network LLC acquired a new position in Great Plains Energy during the first quarter valued at $139,000. Finally, Mckinley Capital Management LLC Delaware acquired a new position in Great Plains Energy during the first quarter valued at $141,000. 88.24% of the stock is currently owned by institutional investors and hedge funds.

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.

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

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