Great Plains Energy Inc (NYSE:GXP) will release its earnings data after the market closes on Wednesday, November 1st. Analysts expect Great Plains Energy to post earnings of $1.00 per share for the quarter.
Great Plains Energy (NYSE:GXP) last posted its earnings results on Wednesday, August 9th. The utilities provider reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $677.00 million. During the same quarter last year, the business posted $0.55 EPS. On average, analysts expect Great Plains Energy to post $1.74 EPS for the current fiscal year and $1.72 EPS for the next fiscal year.
Shares of Great Plains Energy Inc (GXP) opened at 32.85 on Tuesday. The stock has a 50 day moving average price of $31.22 and a 200-day moving average price of $30.18. Great Plains Energy Inc has a 1-year low of $25.85 and a 1-year high of $32.97. The firm has a market cap of $7.08 billion, a price-to-earnings ratio of 38.97 and a beta of 0.44.
GXP has been the subject of a number of analyst reports. J P Morgan Chase & Co raised Great Plains Energy from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $31.00 to $32.00 in a research report on Tuesday, July 11th. Zacks Investment Research raised Great Plains Energy from a “sell” rating to a “hold” rating in a research report on Friday, July 14th. BidaskClub raised Great Plains Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. KeyCorp reaffirmed a “hold” rating on shares of Great Plains Energy in a research report on Friday, September 1st. Finally, Wells Fargo & Company raised Great Plains Energy from a “market perform” rating to an “outperform” rating in a research report on Monday, October 2nd. Four equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $32.00.
In related news, SVP Heather A. Humphrey sold 3,500 shares of the business’s stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $30.86, for a total transaction of $108,010.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 value of $301,895.92. Following the transaction, the chief financial officer now directly 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. Insiders sold 27,391 shares of company stock valued at $838,626 in the last ninety days. Insiders own 0.41% of the company’s stock.
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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