Great West Life Assurance Co. Can increased its position in Great Plains Energy Inc (NYSE:GXP) by 8.2% during the second quarter, Holdings Channel reports. The firm owned 329,926 shares of the utilities provider’s stock after buying an additional 25,036 shares during the period. Great West Life Assurance Co. Can’s holdings in Great Plains Energy were worth $9,646,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Paragon Capital Management Ltd bought a new position in shares of Great Plains Energy during the first quarter worth about $254,000. Shell Asset Management Co. bought a new position in shares of Great Plains Energy during the first quarter worth about $1,092,000. John G Ullman & Associates Inc. increased its position in shares of Great Plains Energy by 43.1% in the first quarter. John G Ullman & Associates Inc. now owns 292,560 shares of the utilities provider’s stock worth $8,549,000 after buying an additional 88,150 shares during the period. Glen Harbor Capital Management LLC increased its position in shares of Great Plains Energy by 206.1% in the first quarter. Glen Harbor Capital Management LLC now owns 111,244 shares of the utilities provider’s stock worth $3,251,000 after buying an additional 74,900 shares during the period. Finally, UMB Bank N A MO increased its position in shares of Great Plains Energy by 0.3% in the first quarter. UMB Bank N A MO now owns 52,607 shares of the utilities provider’s stock worth $1,537,000 after buying an additional 164 shares during the period. Institutional investors own 87.70% of the company’s stock.

Shares of Great Plains Energy Inc (GXP) opened at 31.18 on Friday. The firm has a market cap of $6.71 billion, a PE ratio of 25.83 and a beta of 0.44. Great Plains Energy Inc has a 52 week low of $25.85 and a 52 week high of $31.69. The firm has a 50-day moving average price of $30.17 and a 200-day moving average price of $29.04.

Great Plains Energy (NYSE:GXP) last released its quarterly earnings results on Wednesday, August 9th. The utilities provider reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by $0.04. The business had revenue of $682.60 million for the quarter, compared to the consensus estimate of $677 million. Great Plains Energy had a net margin of 8.00% and a return on equity of 5.74%. During the same period in the previous year, the company earned $0.55 EPS. On average, equities research analysts predict that Great Plains Energy Inc will post $1.66 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Tuesday, August 29th will be given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date is Friday, August 25th. Great Plains Energy’s payout ratio is 105.77%.

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A number of brokerages have recently issued reports on GXP. BidaskClub upgraded Great Plains Energy from a “hold” rating to a “buy” rating in a research report on Tuesday. Zacks Investment Research cut Great Plains Energy from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, J P Morgan Chase & Co raised Great Plains Energy from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $31.00 to $32.00 in a research note on Tuesday, July 11th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $31.56.

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

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