Great Plains Energy Incorporated (GXP) Shares Bought by Citadel Advisors LLC
Citadel Advisors LLC grew its holdings in shares of Great Plains Energy Incorporated (NYSE:GXP) by 84.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,065,259 shares of the utilities provider’s stock after buying an additional 943,296 shares during the quarter. Citadel Advisors LLC owned 0.96% of Great Plains Energy worth $62,577,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in GXP. FMR LLC boosted its stake in shares of Great Plains Energy by 90.3% during the 2nd quarter. FMR LLC now owns 8,745,550 shares of the utilities provider’s stock valued at $256,070,000 after buying an additional 4,150,082 shares during the last quarter. Janus Henderson Group PLC bought a new position in Great Plains Energy during the second quarter worth $116,876,000. Jennison Associates LLC bought a new position in Great Plains Energy during the second quarter worth $104,441,000. Commonwealth Bank of Australia bought a new position in Great Plains Energy during the second quarter worth $53,387,000. Finally, Principal Financial Group Inc. lifted its stake in Great Plains Energy by 96.3% during the second quarter. Principal Financial Group Inc. now owns 3,476,540 shares of the utilities provider’s stock worth $101,793,000 after purchasing an additional 1,705,459 shares during the last quarter. Institutional investors own 90.72% of the company’s stock.
In other Great Plains Energy news, SVP Heather A. Humphrey sold 3,500 shares of the stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $30.86, for a total value of $108,010.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Kevin E. Bryant sold 9,853 shares of the stock in a transaction on Monday, September 18th. The stock was sold at an average price of $30.64, for a total value of $301,895.92. Following the completion of the sale, the chief financial officer now directly owns 38,003 shares in the company, valued at $1,164,411.92. The disclosure for this sale can be found here. Insiders sold 27,391 shares of company stock worth $838,626 over the last ninety days. 0.41% of the stock is owned by corporate insiders.
Great Plains Energy Incorporated (NYSE:GXP) opened at $34.35 on Monday. Great Plains Energy Incorporated has a one year low of $25.85 and a one year high of $34.46. The stock has a market capitalization of $7,407.99, a price-to-earnings ratio of 19.74, a P/E/G ratio of 3.53 and a beta of 0.47. 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 (NYSE:GXP) last issued its earnings results on Wednesday, November 1st. The utilities provider reported $1.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.09. Great Plains Energy had a return on equity of 0.26% and a net margin of 1.17%. The firm had revenue of $857.20 million for the quarter, compared to analyst estimates of $805.72 million. During the same period last year, the company earned $1.00 earnings per share. analysts predict that Great Plains Energy Incorporated will post 1.77 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Wednesday, November 29th will be given a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 3.20%. The ex-dividend date is Monday, November 27th. Great Plains Energy’s dividend payout ratio is presently 550.03%.
Several equities analysts recently issued reports on GXP shares. Zacks Investment Research cut Great Plains Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, September 12th. SunTrust Banks, Inc. restated a “hold” rating and set a $30.00 price objective on shares of Great Plains Energy in a research note on Wednesday, October 4th. BidaskClub upgraded Great Plains Energy from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 26th. ValuEngine upgraded Great Plains Energy from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. Finally, KeyCorp restated a “hold” rating on shares of Great Plains Energy in a research note on Friday, September 1st. Five research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $32.00.
Great Plains Energy 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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