Great Plains Energy Inc (NYSE:GXP) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

According to Zacks, “Great Plains Energy Incorporated engages in the generation, transmission, distribution and sale of electricity to customers located in all or portions of numerous counties in western Missouri and eastern Kansas. Customers include residences, commercial firms, and industrials, municipalities and other electric utilities. “

GXP has been the topic of a number of other reports. BidaskClub upgraded shares of Great Plains Energy from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 26th. KeyCorp restated a “hold” rating on shares of Great Plains Energy in a research report on Friday, September 1st. J P Morgan Chase & Co upgraded shares of Great Plains Energy from a “neutral” rating to an “overweight” rating and raised their target price for the company from $31.00 to $32.00 in a research report on Tuesday, July 11th. SunTrust Banks, Inc. restated a “hold” rating and issued a $30.00 target price on shares of Great Plains Energy in a research report on Wednesday. Finally, Wells Fargo & Company upgraded shares of Great Plains Energy from a “market perform” rating to an “outperform” rating in a research report on Monday. Five analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Great Plains Energy currently has an average rating of “Buy” and an average price target of $30.86.

Great Plains Energy (NYSE GXP) traded up 0.75% during trading on Wednesday, reaching $30.78. The company had a trading volume of 2,998,705 shares. The stock has a 50 day moving average price of $30.80 and a 200 day moving average price of $29.80. The firm has a market capitalization of $6.63 billion, a price-to-earnings ratio of 36.51 and a beta of 0.44. Great Plains Energy has a 12 month low of $25.85 and a 12 month high of $31.69.

Great Plains Energy (NYSE:GXP) last announced its earnings results on Wednesday, August 9th. The utilities provider reported $0.43 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.04). Great Plains Energy had a return on equity of 5.62% and a net margin of 8.00%. The business had revenue of $682.60 million for the quarter, compared to the consensus estimate of $677.00 million. During the same period in the prior year, the business posted $0.55 earnings per share. On average, equities research analysts predict that Great Plains Energy will post $1.60 earnings per share for the current year.

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In other Great Plains Energy news, SVP Heather A. Humphrey sold 3,500 shares of Great Plains Energy stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $30.86, for a total value of $108,010.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Lori A. Wright sold 7,668 shares of Great Plains Energy stock in a transaction on Monday, September 18th. The shares were sold at an average price of $30.54, for a total transaction of $234,180.72. The disclosure for this sale can be found here. In the last 90 days, insiders sold 27,391 shares of company stock worth $838,626. 0.41% of the stock is owned by company insiders.

Several large investors have recently bought and sold shares of the company. Advisory Services Network LLC increased its position in shares of Great Plains Energy by 0.9% during the second quarter. Advisory Services Network LLC now owns 4,793 shares of the utilities provider’s stock worth $140,000 after acquiring an additional 45 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Great Plains Energy by 0.3% during the second quarter. PNC Financial Services Group Inc. now owns 19,293 shares of the utilities provider’s stock worth $566,000 after acquiring an additional 57 shares in the last quarter. Capstone Asset Management Co. increased its position in shares of Great Plains Energy by 0.4% during the second quarter. Capstone Asset Management Co. now owns 19,562 shares of the utilities provider’s stock worth $573,000 after acquiring an additional 70 shares in the last quarter. Utah Retirement Systems increased its position in shares of Great Plains Energy by 0.3% during the first quarter. Utah Retirement Systems now owns 39,301 shares of the utilities provider’s stock worth $1,148,000 after acquiring an additional 100 shares in the last quarter. Finally, Oppenheimer & Co. Inc. increased its position in shares of Great Plains Energy by 1.4% during the first quarter. Oppenheimer & Co. Inc. now owns 10,966 shares of the utilities provider’s stock worth $321,000 after acquiring an additional 147 shares in the last quarter. 87.90% of the stock is owned by institutional investors.

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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