Jane Street Group LLC purchased a new position in Great Plains Energy Incorporated (NYSE:GXP) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,788 shares of the utilities provider’s stock, valued at approximately $478,000.

Other large investors have also recently made changes to their positions in the company. NGAM Advisors L.P. lifted its holdings in Great Plains Energy by 5.2% during the second quarter. NGAM Advisors L.P. now owns 14,780 shares of the utilities provider’s stock worth $433,000 after acquiring an additional 736 shares during the period. Schwab Charles Investment Management Inc. grew its position in shares of Great Plains Energy by 3.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 950,471 shares of the utilities provider’s stock valued at $27,830,000 after purchasing an additional 30,588 shares in the last quarter. DekaBank Deutsche Girozentrale grew its position in shares of Great Plains Energy by 11.7% in the second quarter. DekaBank Deutsche Girozentrale now owns 50,494 shares of the utilities provider’s stock valued at $1,477,000 after purchasing an additional 5,292 shares in the last quarter. State of Wisconsin Investment Board grew its position in shares of Great Plains Energy by 1,026.9% in the second quarter. State of Wisconsin Investment Board now owns 211,388 shares of the utilities provider’s stock valued at $6,189,000 after purchasing an additional 192,630 shares in the last quarter. Finally, Legal & General Group Plc boosted its stake in Great Plains Energy by 9.6% during the second quarter. Legal & General Group Plc now owns 833,378 shares of the utilities provider’s stock valued at $24,402,000 after buying an additional 73,229 shares during the period. Institutional investors and hedge funds own 87.09% of the company’s stock.

In related news, SVP Heather A. Humphrey sold 3,500 shares of the company’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $30.86, for a total transaction of $108,010.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.41% of the stock is owned by insiders.

Several brokerages have issued reports on GXP. Zacks Investment Research lowered Great Plains Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. ValuEngine raised Great Plains Energy from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. Bank of America assumed coverage on Great Plains Energy in a report on Tuesday, October 24th. They set a “buy” rating and a $35.00 price target on the stock. J P Morgan Chase & Co set a $35.00 price target on Great Plains Energy and gave the company a “buy” rating in a report on Thursday, October 12th. Finally, SunTrust Banks reiterated a “hold” rating and set a $30.00 target price on shares of Great Plains Energy in a report on Wednesday, October 4th. Five research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $32.00.

Great Plains Energy Incorporated (GXP) opened at $33.56 on Monday. The stock has a market cap of $7,237.62, a P/E ratio of 19.29, a P/E/G ratio of 3.45 and a beta of 0.46. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.24 and a current ratio of 1.44. Great Plains Energy Incorporated has a 1-year low of $26.72 and a 1-year high of $34.72.

Great Plains Energy (NYSE:GXP) last released 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. Great Plains Energy had a net margin of 3.42% and a return on equity of 5.41%. The business had revenue of $857.20 million for the quarter, compared to analyst estimates of $805.72 million. During the same period in the previous year, the company earned $1.00 earnings per share. equities analysts predict that Great Plains Energy Incorporated will post 1.77 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Wednesday, November 29th will be paid a dividend of $0.275 per share. The ex-dividend date of this dividend is Monday, November 27th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.28%. Great Plains Energy’s dividend payout ratio is currently 550.03%.

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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.

Institutional Ownership by Quarter for Great Plains Energy (NYSE:GXP)

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