News articles about Great Plains Energy (NYSE:GXP) have trended positive this week, Alpha One Sentiment reports. The research group, a unit of Accern, rates the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Great Plains Energy earned a daily sentiment score of 0.34 on Alpha One’s scale. Alpha One also gave media coverage about the utilities provider an impact score of 55 out of 100, indicating that recent news coverage is somewhat likely to have an impact on the company’s share price in the near future.
These are some of the headlines that may have effected AlphaOne Sentiment Analysis’s scoring:
- GREAT PLAINS ENERGY INC : Other Events, Financial Statements and Exhibits (form 8-K) (4-traders.com)
- How Many Great Plains Energy Incorporated (NYSE:GXP)’s Analysts Are Bearish? (badhub.net)
- Great Plains Energy Inc (GXP) Raised to Hold at Zacks Investment Research (americanbankingnews.com)
- BidaskClub Upgrades Great Plains Energy Inc (GXP) to “Hold” (americanbankingnews.com)
- Great Plains Energy Inc (GXP) Receives Average Rating of “Buy” from Analysts (americanbankingnews.com)
GXP has been the topic of several research analyst reports. Zacks Investment Research upgraded Great Plains Energy from a “hold” rating to a “buy” rating and set a $33.00 price objective on the stock in a report on Friday, March 3rd. Barclays PLC reiterated an “equal weight” rating and issued a $30.00 price objective (up previously from $27.00) on shares of Great Plains Energy in a report on Saturday, March 11th. Finally, Evercore ISI restated an “outperform” rating and set a $31.00 price target on shares of Great Plains Energy in a report on Thursday, March 30th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $31.75.
Great Plains Energy (NYSE:GXP) opened at 29.92 on Friday. The stock has a 50 day moving average price of $28.80 and a 200-day moving average price of $28.29. The stock has a market cap of $6.44 billion, a P/E ratio of 24.79 and a beta of 0.47. Great Plains Energy has a 12-month low of $25.85 and a 12-month high of $31.24.
Great Plains Energy (NYSE:GXP) last released its quarterly earnings results on Thursday, May 4th. The utilities provider reported $0.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.01. Great Plains Energy had a net margin of 9.50% and a return on equity of 6.52%. The company had revenue of $570.70 million during the quarter, compared to analysts’ expectations of $584.92 million. During the same period in the prior year, the company earned $0.17 earnings per share. On average, equities analysts expect that Great Plains Energy will post $1.74 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 20th. Shareholders of record on Tuesday, May 30th will be issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date of this dividend is Thursday, May 25th. Great Plains Energy’s dividend payout ratio (DPR) is 82.09%.
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Great Plains Energy Company 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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