UBS Group Begins Coverage on Great Plains Energy (GXP)

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.

Great Plains Energy (NYSE:GXP) last issued its quarterly earnings results on Wednesday, November 1st. The utilities provider reported $1.05 earnings per share (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 net margin of 3.42% and a return on equity of 5.41%. During the same period last year, the business earned $1.00 EPS. equities analysts anticipate that Great Plains Energy will post 1.72 EPS for the current fiscal year.

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.

Analyst Recommendations for Great Plains Energy (NYSE:GXP)

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