Great Plains Energy Incorporated (NYSE:GXP) has earned a consensus rating of “Buy” from the eleven ratings firms that are currently covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $31.50.

Several research analysts recently commented on GXP shares. ValuEngine upgraded Great Plains Energy from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. Bank of America initiated coverage on shares of Great Plains Energy in a research note on Tuesday, October 24th. They issued a “buy” rating and a $35.00 price objective for the company. J P Morgan Chase & Co set a $35.00 price objective on shares of Great Plains Energy and gave the stock a “buy” rating in a research note on Thursday, October 12th. Zacks Investment Research raised shares of Great Plains Energy from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a research note on Wednesday, October 11th. Finally, KeyCorp reissued a “hold” rating on shares of Great Plains Energy in a research note on Friday, September 1st.

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

Several institutional investors have recently bought and sold shares of the company. FMR LLC raised its stake in shares of Great Plains Energy by 90.3% during the second quarter. FMR LLC now owns 8,745,550 shares of the utilities provider’s stock valued at $256,070,000 after acquiring an additional 4,150,082 shares in the last quarter. Commonwealth Bank of Australia raised its stake in shares of Great Plains Energy by 237.8% during the third quarter. Commonwealth Bank of Australia now owns 6,159,458 shares of the utilities provider’s stock valued at $185,952,000 after acquiring an additional 4,336,097 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of Great Plains Energy by 5.6% during the third quarter. Janus Henderson Group PLC now owns 4,214,440 shares of the utilities provider’s stock valued at $127,698,000 after acquiring an additional 222,763 shares in the last quarter. Jennison Associates LLC raised its stake in shares of Great Plains Energy by 11.4% during the third quarter. Jennison Associates LLC now owns 3,974,140 shares of the utilities provider’s stock valued at $120,416,000 after acquiring an additional 407,182 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of Great Plains Energy by 3.4% during the third quarter. Principal Financial Group Inc. now owns 3,596,059 shares of the utilities provider’s stock valued at $108,959,000 after acquiring an additional 119,519 shares in the last quarter. 87.09% of the stock is owned by hedge funds and other institutional investors.

Great Plains Energy (NYSE GXP) opened at $34.16 on Friday. The company has a market capitalization of $7,308.77, a PE ratio of 19.48, a P/E/G ratio of 3.48 and a beta of 0.46. Great Plains Energy has a 12-month low of $26.67 and a 12-month high of $34.56. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.44 and a quick ratio of 1.24.

Great Plains Energy (NYSE:GXP) last released its quarterly earnings results on Wednesday, November 1st. The utilities provider reported $1.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.09. The company had revenue of $857.20 million during the quarter, compared to analyst estimates of $805.72 million. Great Plains Energy had a return on equity of 5.41% and a net margin of 3.42%. During the same quarter last year, the business posted $1.00 earnings per share. analysts expect that Great Plains Energy will post 1.77 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Wednesday, November 29th will be paid a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 3.22%. The ex-dividend date is Monday, November 27th. Great Plains Energy’s payout ratio is currently 550.03%.

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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.

Analyst Recommendations for Great Plains Energy (NYSE:GXP)

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