2,175,150 Shares in Great Plains Energy (GXP) Acquired by Ceredex Value Advisors LLC

Ceredex Value Advisors LLC acquired a new position in shares of Great Plains Energy (NYSE:GXP) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 2,175,150 shares of the utilities provider’s stock, valued at approximately $69,148,000. Ceredex Value Advisors LLC owned about 1.01% of Great Plains Energy at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. Evanston Investments Inc. dba Evanston Advisors lifted its position in shares of Great Plains Energy by 5.4% during the 1st quarter. Evanston Investments Inc. dba Evanston Advisors now owns 273,696 shares of the utilities provider’s stock worth $8,701,000 after buying an additional 14,072 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in shares of Great Plains Energy by 4.0% during the 1st quarter. Thrivent Financial for Lutherans now owns 48,994 shares of the utilities provider’s stock worth $1,558,000 after buying an additional 1,862 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of Great Plains Energy by 4.8% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 799,723 shares of the utilities provider’s stock worth $25,424,000 after buying an additional 36,829 shares during the last quarter. Comerica Securities Inc. lifted its position in shares of Great Plains Energy by 22.5% during the 1st quarter. Comerica Securities Inc. now owns 25,826 shares of the utilities provider’s stock worth $821,000 after buying an additional 4,750 shares during the last quarter. Finally, Quantitative Systematic Strategies LLC purchased a new stake in shares of Great Plains Energy during the 1st quarter worth approximately $513,000. Institutional investors and hedge funds own 86.82% of the company’s stock.

GXP stock opened at $31.80 on Friday. Great Plains Energy has a 12 month low of $32.09 and a 12 month high of $32.63. The firm has a market capitalization of $7.01 billion, a P/E ratio of 18.28, a price-to-earnings-growth ratio of 5.63 and a beta of 0.32. The company has a quick ratio of 1.37, a current ratio of 1.61 and a debt-to-equity ratio of 0.73.

Great Plains Energy (NYSE:GXP) last released its quarterly earnings results on Wednesday, May 2nd. The utilities provider reported $0.19 EPS for the quarter, beating the consensus estimate of $0.15 by $0.04. Great Plains Energy had a negative net margin of 2.26% and a positive return on equity of 5.52%. The firm had revenue of $583.90 million during the quarter, compared to the consensus estimate of $591.44 million. During the same quarter in the prior year, the firm earned $0.13 EPS. equities research analysts forecast that Great Plains Energy will post 1.4 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 20th. Shareholders of record on Wednesday, May 30th will be paid a $0.275 dividend. The ex-dividend date is Tuesday, May 29th. This represents a $1.10 annualized dividend and a yield of 3.46%. Great Plains Energy’s dividend payout ratio is currently 63.22%.

Several analysts recently commented on GXP shares. Zacks Investment Research upgraded shares of Great Plains Energy from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a research report on Wednesday, April 25th. SunTrust Banks reiterated a “hold” rating and issued a $30.00 price target on shares of Great Plains Energy in a research report on Tuesday, March 6th. ValuEngine upgraded shares of Great Plains Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, April 24th. TheStreet upgraded shares of Great Plains Energy from a “c+” rating to a “b-” rating in a research report on Wednesday, May 2nd. Finally, JPMorgan Chase upped their price target on shares of Great Plains Energy from $32.00 to $33.00 and gave the company an “overweight” rating in a research report on Tuesday, April 10th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Great Plains Energy presently has a consensus rating of “Buy” and an average price target of $31.83.

Great Plains Energy Profile

Great Plains Energy Incorporated, through its subsidiaries, generates, transmits, distributes, and sells electricity. It also provides regulated steam services in St. Joseph, Missouri. The company generates electricity using coal, nuclear, natural gas, oil, wind, solar, landfill gas, and hydroelectric resources.

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

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