AMP Capital Investors Ltd Has $37.76 Million Position in Great Plains Energy Incorporated (GXP)

AMP Capital Investors Ltd boosted its holdings in Great Plains Energy Incorporated (NYSE:GXP) by 1,464.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,246,032 shares of the utilities provider’s stock after purchasing an additional 1,166,405 shares during the quarter. AMP Capital Investors Ltd owned approximately 0.58% of Great Plains Energy worth $37,756,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in GXP. Dimensional Fund Advisors LP increased its stake in Great Plains Energy by 1.7% in the first quarter. Dimensional Fund Advisors LP now owns 664,720 shares of the utilities provider’s stock valued at $19,422,000 after purchasing an additional 11,249 shares during the last quarter. NGAM Advisors L.P. increased its stake in Great Plains Energy by 5.2% in the second quarter. NGAM Advisors L.P. now owns 14,780 shares of the utilities provider’s stock valued at $433,000 after purchasing an additional 736 shares during the last quarter. Great West Life Assurance Co. Can increased its stake in Great Plains Energy by 8.2% in the second quarter. Great West Life Assurance Co. Can now owns 329,926 shares of the utilities provider’s stock valued at $9,646,000 after purchasing an additional 25,036 shares during the last quarter. World Asset Management Inc increased its stake in Great Plains Energy by 1.1% in the second quarter. World Asset Management Inc now owns 14,690 shares of the utilities provider’s stock valued at $430,000 after purchasing an additional 153 shares during the last quarter. Finally, Sei Investments Co. increased its stake in Great Plains Energy by 8.5% in the second quarter. Sei Investments Co. now owns 292,302 shares of the utilities provider’s stock valued at $8,559,000 after purchasing an additional 23,012 shares during the last quarter. Hedge funds and other institutional investors own 87.09% of the company’s stock.

In other news, insider Terry D. Bassham sold 6,370 shares of the company’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $30.54, for a total value of $194,539.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Heather A. Humphrey sold 3,500 shares of the company’s stock in a transaction dated 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 sold 27,391 shares of company stock valued at $838,626 in the last ninety days. Company insiders own 0.41% of the company’s stock.

Shares of Great Plains Energy Incorporated (NYSE:GXP) traded up $0.11 during trading hours on Thursday, reaching $34.00. The company’s stock had a trading volume of 904,900 shares, compared to its average volume of 2,164,830. The firm has a market capitalization of $7,308.77, a price-to-earnings ratio of 19.48, a PEG ratio of 3.48 and a beta of 0.46. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.44 and a quick ratio of 1.24. Great Plains Energy Incorporated has a 12 month low of $26.61 and a 12 month high of $34.56.

Great Plains Energy (NYSE:GXP) last issued its earnings results on Wednesday, November 1st. The utilities provider reported $1.05 earnings per share 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 during the quarter, compared to the consensus estimate of $805.72 million. During the same quarter in the prior year, the business earned $1.00 earnings per share. research analysts predict that Great Plains Energy Incorporated will post 1.77 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Wednesday, November 29th will be given a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 3.24%. The ex-dividend date of this dividend is Monday, November 27th. Great Plains Energy’s payout ratio is 550.03%.

Several equities research analysts have commented on the company. Zacks Investment Research lowered Great Plains Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. ValuEngine upgraded Great Plains Energy from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. Bank of America assumed coverage on Great Plains Energy in a research note on Tuesday, October 24th. They set a “buy” rating and a $35.00 price target for the company. J P Morgan Chase & Co set a $35.00 price target on Great Plains Energy and gave the stock a “buy” rating in a research note on Thursday, October 12th. Finally, SunTrust Banks restated a “hold” rating and set a $30.00 price target on shares of Great Plains Energy in a research note on Wednesday, October 4th. Five 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 stock. The stock presently has a consensus rating of “Buy” and an average target price of $32.00.

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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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