Sii Investments Inc. WI Has $249,000 Position in Great Plains Energy Inc. (GXP)
Sii Investments Inc. WI increased its position in shares of Great Plains Energy Inc. (NYSE:GXP) by 11.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,197 shares of the company’s stock after buying an additional 856 shares during the period. Sii Investments Inc. WI’s holdings in Great Plains Energy were worth $249,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of GXP. Acrospire Investment Management LLC boosted its position in shares of Great Plains Energy by 233.3% in the second quarter. Acrospire Investment Management LLC now owns 4,000 shares of the company’s stock worth $122,000 after buying an additional 2,800 shares during the last quarter. Assetmark Inc. bought a new position in shares of Great Plains Energy during the second quarter worth about $131,000. Public Employees Retirement Association of Colorado boosted its position in shares of Great Plains Energy by 0.3% in the second quarter. Public Employees Retirement Association of Colorado now owns 4,966 shares of the company’s stock worth $151,000 after buying an additional 14 shares during the last quarter. CENTRAL TRUST Co boosted its position in shares of Great Plains Energy by 12.9% in the second quarter. CENTRAL TRUST Co now owns 5,112 shares of the company’s stock worth $155,000 after buying an additional 585 shares during the last quarter. Finally, BlueMountain Capital Management LLC boosted its position in shares of Great Plains Energy by 143.3% in the first quarter. BlueMountain Capital Management LLC now owns 5,430 shares of the company’s stock worth $175,000 after buying an additional 3,198 shares during the last quarter. 81.26% of the stock is owned by institutional investors.
Shares of Great Plains Energy Inc. (NYSE:GXP) traded up 0.67% during mid-day trading on Monday, reaching $26.98. The company had a trading volume of 136,244 shares. Great Plains Energy Inc. has a 52-week low of $25.00 and a 52-week high of $32.74. The company has a market cap of $4.17 billion, a price-to-earnings ratio of 20.18 and a beta of 0.43. The firm’s 50-day moving average price is $28.22 and its 200 day moving average price is $30.09.
Great Plains Energy (NYSE:GXP) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.16. Great Plains Energy had a return on equity of 7.16% and a net margin of 8.03%. During the same period last year, the business posted $0.28 EPS. Equities analysts expect that Great Plains Energy Inc. will post $1.74 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 20th. Shareholders of record on Monday, August 29th will be issued a $0.2625 dividend. This represents a $1.05 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date of this dividend is Thursday, August 25th. Great Plains Energy’s dividend payout ratio is 78.36%.
A number of research analysts have issued reports on the company. JPMorgan Chase & Co. lifted their price objective on Great Plains Energy from $31.00 to $32.00 and gave the company a “neutral” rating in a report on Friday, July 15th. SunTrust Banks Inc. cut their price objective on Great Plains Energy from $30.00 to $29.00 and set a “neutral” rating for the company in a report on Monday, August 29th. Zacks Investment Research raised Great Plains Energy from a “sell” rating to a “hold” rating in a report on Monday, May 23rd. Finally, Barclays PLC cut Great Plains Energy from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $28.97 to $28.00 in a report on Thursday, June 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $30.14.
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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