Victory Capital Management Inc. Has $15.13 Million Holdings in Great Plains Energy Inc (GXP)
Victory Capital Management Inc. lowered its position in Great Plains Energy Inc (NYSE:GXP) by 42.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 499,159 shares of the utilities provider’s stock after selling 372,762 shares during the period. Victory Capital Management Inc. owned about 0.23% of Great Plains Energy worth $15,125,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of GXP. Nomura Asset Management Co. Ltd. raised its position in shares of 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 during the period. Ffcm LLC raised its position in shares of 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 during the period. Advisory Services Network LLC raised its position in shares of 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 during the period. V Wealth Management LLC acquired a new position in shares of Great Plains Energy in the second quarter worth about $191,000. Finally, Cornerstone Capital Management Holdings LLC. acquired a new position in shares of Great Plains Energy in the second quarter worth about $219,000. Institutional investors and hedge funds own 87.80% of the company’s stock.
Shares of Great Plains Energy Inc (NYSE:GXP) opened at $33.16 on Monday. Great Plains Energy Inc has a one year low of $25.85 and a one year high of $33.94. The stock has a market cap of $7,151.34, a PE ratio of 19.06, a P/E/G ratio of 3.41 and a beta of 0.47. 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 (NYSE:GXP) last announced its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $805.72 million. During the same quarter in the prior year, the company earned $1.00 EPS. equities analysts expect that Great Plains Energy Inc will post 1.77 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Wednesday, November 29th will be paid a dividend of $0.275 per share. The ex-dividend date is Monday, November 27th. This represents a $1.10 annualized dividend and a yield of 3.32%. Great Plains Energy’s dividend payout ratio is presently 550.03%.
A number of analysts have recently commented on GXP shares. Zacks Investment Research cut shares of Great Plains Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, September 12th. BidaskClub raised shares of Great Plains Energy from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 26th. SunTrust Banks, Inc. reissued a “hold” rating and set a $30.00 target price on shares of Great Plains Energy in a research note on Wednesday, October 4th. KeyCorp reissued a “hold” rating on shares of Great Plains Energy in a research note on Friday, September 1st. Finally, Bank of America Corporation started coverage on shares of Great Plains Energy in a research note on Tuesday, October 24th. They set a “buy” rating and a $35.00 target price for the company. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Great Plains Energy presently has a consensus rating of “Buy” and a consensus price target of $32.00.
In related news, SVP Heather A. Humphrey sold 3,500 shares of the company’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $30.86, for a total transaction of $108,010.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Lori A. Wright sold 7,668 shares of the company’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $30.54, for a total transaction of $234,180.72. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 27,391 shares of company stock valued at $838,626. 0.41% of the stock is owned by corporate 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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