APG Asset Management N.V. purchased a new position in shares of Great Plains Energy Inc (NYSE:GXP) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 623,500 shares of the utilities provider’s stock, valued at approximately $18,892,000. APG Asset Management N.V. owned 0.29% of Great Plains Energy as of its most recent filing with the SEC.
Other hedge funds have also recently bought and sold shares of the company. Nomura Asset Management Co. Ltd. grew its stake in shares of Great Plains Energy by 17.9% during the 1st 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 grew its stake in shares of Great Plains Energy by 171.5% during the 2nd 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. First Command Bank grew its stake in shares of Great Plains Energy by 100.0% during the 2nd quarter. First Command Bank now owns 4,400 shares of the utilities provider’s stock worth $128,000 after acquiring an additional 2,200 shares during the period. Advisory Services Network LLC grew its stake in shares of Great Plains Energy by 0.9% during the 2nd 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. Finally, V Wealth Management LLC bought a new position in shares of Great Plains Energy during the 2nd quarter worth $191,000. Institutional investors own 88.04% of the company’s stock.
Shares of Great Plains Energy Inc (GXP) opened at 32.85 on Tuesday. The stock has a market cap of $7.08 billion, a PE ratio of 38.97 and a beta of 0.44. The company’s 50-day moving average price is $31.22 and its 200-day moving average price is $30.18. Great Plains Energy Inc has a one year low of $25.85 and a one year high of $32.97.
Great Plains Energy (NYSE:GXP) last released its quarterly earnings results on Wednesday, August 9th. The utilities provider reported $0.43 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.04). Great Plains Energy had a net margin of 8.00% and a return on equity of 5.62%. The company had revenue of $682.60 million for the quarter, compared to the consensus estimate of $677.00 million. During the same period in the prior year, the firm posted $0.55 EPS. Equities research analysts anticipate that Great Plains Energy Inc will post $1.74 earnings per share for the current year.
Several research analysts have recently weighed in on the company. Bank of America Corporation 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. Zacks Investment Research upgraded Great Plains Energy from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a research note on Wednesday, October 11th. BidaskClub upgraded Great Plains Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Finally, KeyCorp reiterated a “hold” rating on shares of Great Plains Energy in a research note on Friday, September 1st. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $32.00.
In other Great Plains Energy news, CFO Kevin E. Bryant sold 9,853 shares of the business’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $30.64, for a total transaction of $301,895.92. Following the completion of the sale, the chief financial officer now owns 38,003 shares of the company’s stock, valued at $1,164,411.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Terry D. Bassham sold 6,370 shares of the business’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $30.54, for a total value of $194,539.80. The disclosure for this sale can be found here. Insiders have sold 27,391 shares of company stock valued at $838,626 in the last three months. 0.41% of the stock is currently owned by corporate insiders.
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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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