Great Plains Energy Incorporated (GXP) Shares Sold by Guardian Capital LP

Guardian Capital LP cut its stake in Great Plains Energy Incorporated (NYSE:GXP) by 1.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 393,239 shares of the utilities provider’s stock after selling 6,990 shares during the period. Guardian Capital LP owned 0.18% of Great Plains Energy worth $11,915,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. FMR LLC raised its stake in shares of Great Plains Energy by 90.3% in the second quarter. FMR LLC now owns 8,745,550 shares of the utilities provider’s stock worth $256,070,000 after acquiring an additional 4,150,082 shares during the last quarter. Commonwealth Bank of Australia raised its stake in shares of Great Plains Energy by 237.8% in the third quarter. Commonwealth Bank of Australia now owns 6,159,458 shares of the utilities provider’s stock worth $185,952,000 after acquiring an additional 4,336,097 shares during the last quarter. Janus Henderson Group PLC raised its stake in shares of Great Plains Energy by 5.6% in the third quarter. Janus Henderson Group PLC now owns 4,214,440 shares of the utilities provider’s stock worth $127,698,000 after acquiring an additional 222,763 shares during the last quarter. Jennison Associates LLC raised its stake in shares of Great Plains Energy by 11.4% in the third quarter. Jennison Associates LLC now owns 3,974,140 shares of the utilities provider’s stock worth $120,416,000 after acquiring an additional 407,182 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of Great Plains Energy by 3.4% in the third quarter. Principal Financial Group Inc. now owns 3,596,059 shares of the utilities provider’s stock worth $108,959,000 after acquiring an additional 119,519 shares during the last quarter. 87.09% of the stock is owned by institutional investors.

GXP has been the subject of a number of recent research reports. Bank of America initiated coverage on shares of 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. Zacks Investment Research downgraded shares of Great Plains Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. BidaskClub raised shares of Great Plains Energy from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 26th. KeyCorp reissued a “hold” rating on shares of Great Plains Energy in a research note on Friday, September 1st. Finally, ValuEngine raised shares of Great Plains Energy from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. Five equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Great Plains Energy currently has a consensus rating of “Buy” and a consensus price target of $32.00.

In other news, SVP Heather A. Humphrey sold 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $30.86, for a total value of $108,010.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kevin E. Bryant sold 9,853 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $30.64, for a total transaction of $301,895.92. Following the completion of the transaction, the chief financial officer now owns 38,003 shares of the company’s stock, valued at approximately $1,164,411.92. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,391 shares of company stock valued at $838,626. Corporate insiders own 0.41% of the company’s stock.

Shares of Great Plains Energy Incorporated (NYSE GXP) traded down $0.95 during midday trading on Wednesday, reaching $33.75. 1,321,500 shares of the company were exchanged, compared to its average volume of 2,151,729. The firm has a market capitalization of $7,280.00, a PE ratio of 19.94, a P/E/G ratio of 3.56 and a beta of 0.46. 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.

Great Plains Energy (NYSE:GXP) last issued its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.09. The firm had revenue of $857.20 million during the quarter, compared to analysts’ expectations of $805.72 million. Great Plains Energy had a net margin of 3.42% and a return on equity of 5.41%. During the same quarter in the previous year, the company earned $1.00 earnings per share. analysts forecast that Great Plains Energy Incorporated will post 1.77 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Wednesday, November 29th will be issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date is Monday, November 27th. Great Plains Energy’s dividend payout ratio is currently 578.95%.

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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.

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

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