Great Plains Energy Inc (NYSE:GXP) 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 value of $108,010.00. The sale was disclosed in a document filed with the SEC, which is available through this link.

Shares of Great Plains Energy Inc (NYSE:GXP) opened at 30.50 on Friday. The firm has a market cap of $6.57 billion, a P/E ratio of 36.18 and a beta of 0.45. Great Plains Energy Inc has a one year low of $25.85 and a one year high of $31.69. The firm has a 50 day moving average price of $31.02 and a 200-day moving average price of $29.67.

Great Plains Energy (NYSE:GXP) last released its quarterly earnings results on Wednesday, August 9th. The utilities provider reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.04). The firm had revenue of $682.60 million during the quarter, compared to the consensus estimate of $677.00 million. Great Plains Energy had a return on equity of 5.62% and a net margin of 8.00%. During the same period in the previous year, the company posted $0.55 EPS. Analysts forecast that Great Plains Energy Inc will post $1.60 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 20th. Stockholders of record on Tuesday, August 29th were issued a $0.275 dividend. The ex-dividend date was Friday, August 25th. This represents a $1.10 annualized dividend and a dividend yield of 3.60%. Great Plains Energy’s payout ratio is currently 105.77%.

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Large investors have recently made changes to their positions in the stock. Nomura Asset Management Co. Ltd. grew its position in Great Plains Energy by 17.9% in the first quarter. Nomura Asset Management Co. Ltd. now owns 3,420 shares of the utilities provider’s stock worth $100,000 after acquiring an additional 520 shares in the last quarter. Proficio Capital Partners LLC grew its position in Great Plains Energy by 312.2% in the first quarter. Proficio Capital Partners LLC now owns 3,710 shares of the utilities provider’s stock worth $107,000 after acquiring an additional 2,810 shares in the last quarter. Ffcm LLC grew its position in Great Plains Energy by 171.5% in the second quarter. Ffcm LLC now owns 4,018 shares of the utilities provider’s stock worth $118,000 after acquiring an additional 2,538 shares in the last quarter. First Command Bank grew its position in Great Plains Energy by 100.0% in the second quarter. First Command Bank now owns 4,400 shares of the utilities provider’s stock worth $128,000 after acquiring an additional 2,200 shares in the last quarter. Finally, Advisory Services Network LLC grew its position in Great Plains Energy by 0.9% in the second quarter. Advisory Services Network LLC now owns 4,793 shares of the utilities provider’s stock worth $140,000 after acquiring an additional 45 shares in the last quarter. Institutional investors own 87.90% of the company’s stock.

A number of brokerages recently issued reports on GXP. Zacks Investment Research downgraded Great Plains Energy from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. BidaskClub raised Great Plains Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. J P Morgan Chase & Co raised Great Plains Energy from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $31.00 to $32.00 in a research report on Tuesday, July 11th. Finally, KeyCorp reissued a “hold” rating on shares of Great Plains Energy in a research report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Great Plains Energy has a consensus rating of “Buy” and an average target price 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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