Schwab Charles Investment Management Inc. reduced its position in Great Plains Energy Incorporated (NYSE:GXP) by 22.7% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 734,721 shares of the utilities provider’s stock after selling 215,750 shares during the period. Schwab Charles Investment Management Inc. owned 0.34% of Great Plains Energy worth $22,263,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Commonwealth Bank of Australia lifted its holdings in shares of Great Plains Energy by 237.8% in the 3rd quarter. Commonwealth Bank of Australia now owns 6,159,458 shares of the utilities provider’s stock valued at $185,952,000 after purchasing an additional 4,336,097 shares during the last quarter. Wells Fargo & Company MN increased its position in Great Plains Energy by 1.9% in the 3rd quarter. Wells Fargo & Company MN now owns 538,973 shares of the utilities provider’s stock valued at $16,331,000 after acquiring an additional 10,109 shares during the period. Cadence Capital Management LLC increased its position in Great Plains Energy by 28.6% in the 3rd quarter. Cadence Capital Management LLC now owns 13,499 shares of the utilities provider’s stock valued at $409,000 after acquiring an additional 3,000 shares during the period. Citadel Advisors LLC increased its position in Great Plains Energy by 84.1% in the 3rd quarter. Citadel Advisors LLC now owns 2,065,259 shares of the utilities provider’s stock valued at $62,577,000 after acquiring an additional 943,296 shares during the period. Finally, JPMorgan Chase & Co. increased its position in Great Plains Energy by 17.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,041,330 shares of the utilities provider’s stock valued at $31,636,000 after acquiring an additional 156,327 shares during the period. 87.09% of the stock is owned by institutional investors and hedge funds.

Several equities analysts recently issued reports on the company. Wells Fargo & Company upgraded Great Plains Energy from a “market perform” rating to an “outperform” rating in a research report on Monday, October 2nd. Zacks Investment Research upgraded Great Plains Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, October 4th. J P Morgan Chase & Co set a $35.00 price target on Great Plains Energy and gave the company a “buy” rating in a research report on Thursday, October 12th. KeyCorp restated a “hold” rating on shares of Great Plains Energy in a research report on Friday, September 1st. Finally, Bank of America assumed coverage on Great Plains Energy in a research report on Tuesday, October 24th. They issued a “buy” rating and a $35.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $32.00.

Great Plains Energy Incorporated (NYSE GXP) opened at $33.56 on Friday. 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 Incorporated has a 52-week low of $26.72 and a 52-week high of $34.72. The stock has a market capitalization of $7,237.62, a P/E ratio of 19.29, a price-to-earnings-growth ratio of 3.45 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 the Thomson Reuters’ consensus estimate of $0.96 by $0.09. Great Plains Energy had a return on equity of 5.41% and a net margin of 3.42%. The company had revenue of $857.20 million for the quarter, compared to analysts’ expectations of $805.72 million. During the same quarter in the previous year, the firm posted $1.00 EPS. sell-side analysts forecast that Great Plains Energy Incorporated will post 1.77 earnings per share for the current fiscal year.

The firm 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 dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 3.28%. The ex-dividend date of this dividend is Monday, November 27th. Great Plains Energy’s payout ratio is 550.03%.

In other news, VP Lori A. Wright sold 7,668 shares of the business’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $30.54, for a total transaction of $234,180.72. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Heather A. Humphrey sold 3,500 shares of the business’s 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 disclosure for this sale can be found here. Insiders have sold a total of 27,391 shares of company stock worth $838,626 in the last quarter. 0.41% of the stock is currently owned by insiders.

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

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