Equities researchers at UBS Group started coverage on shares of Great Plains Energy (NYSE:GXP) in a research report issued on Friday, www.benzinga.com reports. The firm set a “neutral” rating and a $32.00 price target on the utilities provider’s stock. UBS Group’s price target would indicate a potential upside of 6.07% from the stock’s current price.
Several other research analysts have also issued reports on GXP. JPMorgan Chase & Co. decreased their price target on shares of Great Plains Energy from $37.00 to $34.00 and set an “overweight” rating for the company in a research note on Thursday, January 25th. SunTrust Banks set a $29.00 price target on shares of Great Plains Energy and gave the stock a “hold” rating in a research note on Tuesday, January 16th. Zacks Investment Research upgraded shares of Great Plains Energy from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a research note on Wednesday, October 11th. ValuEngine upgraded shares of Great Plains Energy from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, Bank of America began 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 target for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $32.29.
Shares of Great Plains Energy (GXP) traded down $0.28 during trading on Friday, hitting $30.17. 881,054 shares of the company traded hands, compared to its average volume of 1,330,000. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.24 and a current ratio of 1.44. The company has a market cap of $6,510.00, a price-to-earnings ratio of 158.79, a price-to-earnings-growth ratio of 3.35 and a beta of 0.38. Great Plains Energy has a 52 week low of $27.02 and a 52 week high of $34.72.
Large investors have recently added to or reduced their stakes in the business. Bank of Nova Scotia Trust Co. bought a new stake in Great Plains Energy during the 3rd quarter valued at about $109,000. Cerebellum GP LLC bought a new stake in Great Plains Energy during the 4th quarter valued at about $123,000. Advisory Services Network LLC increased its stake in Great Plains Energy by 0.9% during the 2nd quarter. Advisory Services Network LLC now owns 4,793 shares of the utilities provider’s stock valued at $140,000 after purchasing an additional 45 shares in the last quarter. MAI Capital Management bought a new stake in Great Plains Energy during the 4th quarter valued at about $210,000. Finally, HL Financial Services LLC bought a new stake in Great Plains Energy during the 3rd quarter valued at about $205,000. Institutional investors and hedge funds own 87.11% of the company’s stock.
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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.
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