Jefferies Group LLC boosted its stake in Great Plains Energy Incorporated (NYSE:GXP) by 19.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 58,037 shares of the utilities provider’s stock after acquiring an additional 9,251 shares during the quarter. Jefferies Group LLC’s holdings in Great Plains Energy were worth $1,871,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in GXP. Commonwealth Bank of Australia grew its stake in Great Plains Energy by 237.8% in the 3rd 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 during the period. Renaissance Technologies LLC grew its stake in Great Plains Energy by 156.8% in the 4th quarter. Renaissance Technologies LLC now owns 2,567,915 shares of the utilities provider’s stock valued at $82,790,000 after acquiring an additional 1,568,100 shares during the period. Eagle Asset Management Inc. acquired a new stake in Great Plains Energy in the 4th quarter valued at $46,879,000. AMP Capital Investors Ltd grew its stake in Great Plains Energy by 1,464.8% in the 3rd quarter. AMP Capital Investors Ltd now owns 1,246,032 shares of the utilities provider’s stock valued at $37,756,000 after acquiring an additional 1,166,405 shares during the period. Finally, Jennison Associates LLC grew its stake in Great Plains Energy by 24.4% in the 4th quarter. Jennison Associates LLC now owns 4,943,982 shares of the utilities provider’s stock valued at $159,394,000 after acquiring an additional 969,842 shares during the period. 86.07% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Great Plains Energy Incorporated (NYSE GXP) opened at $30.14 on Wednesday. Great Plains Energy Incorporated has a one year low of $27.60 and a one year high of $34.72. The company has a current ratio of 1.29, a quick ratio of 1.10 and a debt-to-equity ratio of 0.67. The stock has a market cap of $6,493.68, a price-to-earnings ratio of -46.37, a price-to-earnings-growth ratio of 3.32 and a beta of 0.43.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 20th. Shareholders of record on Tuesday, February 27th will be paid a dividend of $0.275 per share. The ex-dividend date of this dividend is Monday, February 26th. This represents a $1.10 annualized dividend and a yield of 3.65%. Great Plains Energy’s dividend payout ratio (DPR) is presently -169.23%.
A number of research firms recently issued reports on GXP. SunTrust Banks set a $29.00 price target on shares of Great Plains Energy and gave the company a “hold” rating in a research note on Tuesday, January 16th. Zacks Investment Research cut shares of Great Plains Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd. ValuEngine raised shares of Great Plains Energy from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Morgan Stanley raised shares of Great Plains Energy to a “buy” rating and set a $26.00 price target on the stock in a research note on Tuesday, February 13th. Finally, UBS Group assumed coverage on shares of Great Plains Energy in a research note on Friday, February 2nd. They issued a “neutral” rating and a $32.00 price target on the stock. Four analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $31.86.
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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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