National Planning Corp acquired a new position in Great Plains Energy Inc (NYSE:GXP) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 7,738 shares of the utilities provider’s stock, valued at approximately $226,000.

Other hedge funds also recently added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. boosted its stake 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 buying an additional 520 shares during the last quarter. Proficio Capital Partners LLC boosted its stake 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 buying an additional 2,810 shares during the last quarter. First Command Bank boosted its stake 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 buying an additional 2,200 shares during the last quarter. Advisory Services Network LLC bought a new stake in Great Plains Energy during the first quarter worth $139,000. Finally, Mckinley Capital Management LLC Delaware bought a new stake in Great Plains Energy during the first quarter worth $141,000. 87.79% of the stock is currently owned by institutional investors.

Great Plains Energy Inc (GXP) opened at 31.41 on Wednesday. Great Plains Energy Inc has a one year low of $25.85 and a one year high of $31.69. The stock has a 50 day moving average of $30.31 and a 200-day moving average of $29.16. The firm has a market capitalization of $6.77 billion, a PE ratio of 37.26 and a beta of 0.44.

Great Plains Energy (NYSE:GXP) last announced its quarterly earnings data on Wednesday, August 9th. The utilities provider reported $0.43 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by $0.04. Great Plains Energy had a return on equity of 5.62% and a net margin of 8.00%. The firm had revenue of $682.60 million for the quarter, compared to the consensus estimate of $677 million. During the same quarter last year, the business earned $0.55 earnings per share. On average, equities analysts predict that Great Plains Energy Inc will post $1.66 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 20th. Investors of record on Tuesday, August 29th will be paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 3.50%. The ex-dividend date is Friday, August 25th. Great Plains Energy’s dividend payout ratio (DPR) is presently 105.77%.

ILLEGAL ACTIVITY WARNING: “National Planning Corp Acquires Shares of 7,738 Great Plains Energy Inc (GXP)” was first posted by Watch List News and is the property of of Watch List News. If you are reading this story on another domain, it was illegally stolen and reposted in violation of United States and international copyright legislation. The correct version of this story can be accessed at https://www.watchlistnews.com/national-planning-corp-acquires-shares-of-7738-great-plains-energy-inc-gxp/1493717.html.

GXP has been the topic of a number of research analyst reports. BidaskClub raised shares of Great Plains Energy from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Zacks Investment Research raised shares of Great Plains Energy from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a report on Tuesday, July 25th. Finally, J P Morgan Chase & Co raised shares of Great Plains Energy from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $31.00 to $32.00 in a report on Tuesday, July 11th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock currently 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.

Want to see what other hedge funds are holding GXP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Great Plains Energy Inc (NYSE:GXP).

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

Receive News & Ratings for Great Plains Energy Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Great Plains Energy Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.