Great Plains Energy Incorporated (GXP) Shares Bought by Janus Henderson Group PLC
Janus Henderson Group PLC lifted its stake in shares of Great Plains Energy Incorporated (NYSE:GXP) by 5.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,214,440 shares of the utilities provider’s stock after acquiring an additional 222,763 shares during the quarter. Janus Henderson Group PLC owned about 1.95% of Great Plains Energy worth $127,698,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Ffcm LLC boosted its holdings in Great Plains Energy by 171.5% during the second quarter. Ffcm LLC now owns 4,018 shares of the utilities provider’s stock worth $118,000 after buying an additional 2,538 shares in the last quarter. Advisory Services Network LLC boosted its stake in Great Plains Energy by 0.9% in the 2nd quarter. Advisory Services Network LLC now owns 4,793 shares of the utilities provider’s stock worth $140,000 after purchasing an additional 45 shares during the period. HL Financial Services LLC acquired a new position in Great Plains Energy in the 3rd quarter worth approximately $205,000. CIBC Asset Management Inc acquired a new position in Great Plains Energy in the 3rd quarter worth approximately $211,000. Finally, Cornerstone Capital Management Holdings LLC. acquired a new position in Great Plains Energy in the 2nd quarter worth approximately $219,000. Institutional investors and hedge funds own 87.09% of the company’s stock.
In other Great Plains Energy news, insider Terry D. Bassham sold 6,370 shares of the stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $30.54, for a total value of $194,539.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Heather A. Humphrey sold 3,500 shares of the stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $30.86, for a total transaction of $108,010.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 27,391 shares of company stock valued at $838,626. Insiders own 0.41% of the company’s stock.
Great Plains Energy Incorporated (NYSE:GXP) traded down $0.95 during mid-day trading on Wednesday, reaching $33.75. 1,321,500 shares of the company’s stock were exchanged, compared to its average volume of 2,151,729. Great Plains Energy Incorporated has a 12 month low of $26.72 and a 12 month high of $34.72. The company has a current ratio of 1.44, a quick ratio of 1.24 and a debt-to-equity ratio of 0.65. The stock has a market cap of $7,280.00, a P/E ratio of 19.94, a price-to-earnings-growth ratio of 3.56 and a beta of 0.46.
Great Plains Energy (NYSE:GXP) last released its earnings results on Wednesday, November 1st. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $857.20 million during the quarter, compared to the consensus estimate of $805.72 million. During the same quarter in the prior year, the firm earned $1.00 EPS. analysts expect 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. The ex-dividend date is Monday, November 27th. This represents a $1.10 dividend on an annualized basis and a yield of 3.26%. Great Plains Energy’s payout ratio is 578.95%.
A number of equities analysts recently commented on the stock. Zacks Investment Research lowered shares of Great Plains Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. ValuEngine raised shares of 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 shares of Great Plains Energy in a research note on Tuesday, October 24th. They issued a “buy” rating and a $35.00 price objective for the company. J P Morgan Chase & Co set a $35.00 price objective on shares of Great Plains Energy and gave the stock a “buy” rating in a research note on Thursday, October 12th. Finally, BidaskClub raised shares of Great Plains Energy from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 26th. Five equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $32.00.
About Great Plains Energy
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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