Great Plains Energy Inc (GXP) Stake Increased by A.R.T. Advisors LLC
A.R.T. Advisors LLC raised its position in Great Plains Energy Inc (NYSE:GXP) by 405.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 156,600 shares of the company’s stock after buying an additional 125,600 shares during the period. A.R.T. Advisors LLC owned about 0.10% of Great Plains Energy worth $4,283,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in the company. AHL Partners LLP boosted its stake in Great Plains Energy by 78.3% in the second quarter. AHL Partners LLP now owns 491,244 shares of the company’s stock worth $14,934,000 after buying an additional 215,770 shares during the last quarter. Capstone Investment Advisors LLC acquired a new stake in Great Plains Energy during the second quarter worth approximately $2,077,000. Cantab Capital Partners LLP boosted its stake in Great Plains Energy by 137.2% in the second quarter. Cantab Capital Partners LLP now owns 52,014 shares of the company’s stock worth $1,581,000 after buying an additional 30,082 shares during the last quarter. LNZ Capital LP acquired a new stake in Great Plains Energy during the second quarter worth approximately $15,255,000. Finally, Invictus RG boosted its stake in Great Plains Energy by 4,528.5% in the second quarter. Invictus RG now owns 6,665 shares of the company’s stock worth $203,000 after buying an additional 6,521 shares during the last quarter. Institutional investors own 90.15% of the company’s stock.
Shares of Great Plains Energy Inc (NYSE:GXP) traded up 0.87% during midday trading on Thursday, reaching $27.97. The company had a trading volume of 2,602,203 shares. The firm has a market capitalization of $4.32 billion, a price-to-earnings ratio of 20.31 and a beta of 0.40. The company has a 50 day moving average of $27.41 and a 200 day moving average of $27.50. Great Plains Energy Inc has a 12-month low of $25.85 and a 12-month high of $32.74.
The business also recently announced a quarterly dividend, which will be paid on Monday, March 20th. Stockholders of record on Monday, February 27th will be paid a $0.275 dividend. The ex-dividend date of this dividend is Thursday, February 23rd. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.93%. Great Plains Energy’s dividend payout ratio is currently 79.71%.
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A number of research firms have recently commented on GXP. Ladenburg Thalmann Financial Services upgraded Great Plains Energy from a “neutral” rating to a “buy” rating and set a $31.00 target price on the stock in a research note on Wednesday, October 26th. Zacks Investment Research upgraded Great Plains Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, October 19th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. Great Plains Energy has an average rating of “Hold” and a consensus target price of $31.43.
Great Plains Energy Company Profile
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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