Great Plains Energy Inc. (GXP) Shares Bought by Macquarie Group Ltd.
Macquarie Group Ltd. increased its stake in Great Plains Energy Inc. (NYSE:GXP) by 27.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 45,500 shares of the company’s stock after buying an additional 9,700 shares during the period. Macquarie Group Ltd.’s holdings in Great Plains Energy were worth $1,383,000 as of its most recent filing with the SEC.
Several other large investors also recently bought and sold shares of GXP. Northwestern Mutual Investment Management Company LLC boosted its stake in Great Plains Energy by 0.3% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 26,666 shares of the company’s stock valued at $811,000 after buying an additional 73 shares in the last quarter. Mason Street Advisors LLC bought a new stake in Great Plains Energy during the second quarter valued at approximately $2,141,000. IFP Advisors Inc boosted its stake in Great Plains Energy by 0.6% in the second quarter. IFP Advisors Inc now owns 7,638 shares of the company’s stock valued at $232,000 after buying an additional 44 shares in the last quarter. Lebenthal Holdings LLC bought a new stake in Great Plains Energy during the second quarter valued at approximately $304,000. Finally, Schwab Charles Investment Management Inc. boosted its stake in Great Plains Energy by 3.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 572,677 shares of the company’s stock valued at $17,410,000 after buying an additional 20,128 shares in the last quarter. 81.26% of the stock is owned by hedge funds and other institutional investors.
Shares of Great Plains Energy Inc. (NYSE:GXP) opened at 26.98 on Tuesday. The company has a market capitalization of $4.17 billion, a price-to-earnings ratio of 20.18 and a beta of 0.43. Great Plains Energy Inc. has a 52 week low of $25.22 and a 52 week high of $32.74. The stock has a 50 day moving average of $27.86 and a 200-day moving average of $30.01.
Great Plains Energy (NYSE:GXP) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.16. Great Plains Energy had a net margin of 8.03% and a return on equity of 7.16%. During the same quarter last year, the business earned $0.28 earnings per share. On average, analysts anticipate that Great Plains Energy Inc. will post $1.74 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 20th. Shareholders of record on Monday, August 29th will be given a dividend of $0.2625 per share. This represents a $1.05 annualized dividend and a dividend yield of 3.89%. The ex-dividend date is Thursday, August 25th. Great Plains Energy’s payout ratio is 78.36%.
GXP has been the subject of several research reports. SunTrust Banks Inc. decreased their price target on shares of Great Plains Energy from $30.00 to $29.00 and set a “neutral” rating for the company in a research note on Monday, August 29th. Zacks Investment Research lowered shares of Great Plains Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, August 9th. JPMorgan Chase & Co. reiterated a “hold” rating on shares of Great Plains Energy in a research note on Tuesday, July 19th. Finally, Barclays PLC lowered shares of Great Plains Energy from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $28.97 to $28.00 in a research note on Thursday, June 2nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $30.14.
About Great Plains Energy
Great Plains Energy Incorporated is a public utility holding company. The Company operates through electric utility segment. The Company does not own or operate any assets other than the stock of its subsidiaries. The Company’s subsidiaries with operations include Kansas City Power & Light Company (KCP&L) and KCP&L Greater Missouri Operations Company (GMO).
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