Oregon Public Employees Retirement Fund boosted its position in shares of Great Plains Energy Inc (NYSE:GXP) by 4.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 79,099 shares of the utilities provider’s stock after buying an additional 3,351 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Great Plains Energy were worth $2,316,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in the stock. Capstone Asset Management Co. raised its stake in shares of Great Plains Energy by 1.8% in the first quarter. Capstone Asset Management Co. now owns 19,492 shares of the utilities provider’s stock worth $570,000 after buying an additional 350 shares in the last quarter. Shell Asset Management Co. purchased a new stake in shares of Great Plains Energy during the first quarter worth about $1,092,000. Macquarie Group Ltd. raised its stake in shares of Great Plains Energy by 63.3% in the fourth quarter. Macquarie Group Ltd. now owns 73,500 shares of the utilities provider’s stock worth $2,010,000 after buying an additional 28,500 shares in the last quarter. Morgan Stanley raised its stake in shares of Great Plains Energy by 45.7% in the first quarter. Morgan Stanley now owns 1,661,567 shares of the utilities provider’s stock worth $48,553,000 after buying an additional 521,501 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Great Plains Energy during the first quarter worth about $2,251,000. 88.24% of the stock is owned by hedge funds and other institutional investors.
Great Plains Energy Inc (NYSE:GXP) opened at 30.42 on Thursday. The stock has a market cap of $6.55 billion, a price-to-earnings ratio of 25.20 and a beta of 0.44. Great Plains Energy Inc has a 52 week low of $25.85 and a 52 week high of $30.64. The firm’s 50-day moving average is $29.68 and its 200 day moving average is $28.77.
Great Plains Energy (NYSE:GXP) last issued its earnings results on Thursday, May 4th. The utilities provider reported $0.13 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.01. Great Plains Energy had a return on equity of 6.52% and a net margin of 9.50%. The business had revenue of $570.70 million during the quarter, compared to analysts’ expectations of $584.92 million. During the same quarter in the previous year, the business earned $0.17 EPS. On average, equities research analysts expect that Great Plains Energy Inc will post $1.77 EPS for the current year.
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GXP has been the subject of several research analyst reports. Zacks Investment Research lowered shares of Great Plains Energy from a “buy” rating to a “hold” rating in a research note on Thursday, May 25th. Evercore ISI reaffirmed an “outperform” rating and set a $31.00 target price on shares of Great Plains Energy in a research note on Thursday, March 30th. BidaskClub raised shares of Great Plains Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, June 21st. Finally, J P Morgan Chase & Co raised shares of Great Plains Energy from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $31.00 to $32.00 in a research note on Tuesday, July 11th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $31.56.
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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