Great Plains Energy Inc (GXP) Upgraded to Buy at Zacks Investment Research

Lloyd Doyle
October 13, 2017

Proficio Capital Partners LLC now owns 3,710 shares of the utilities provider's stock valued at $107,000 after purchasing an additional 2,810 shares during the period. The N/A analysts offering target price estimates on shares of Great Plains Energy Inc (NYSE:GXP) have set a consensus target of $N/A on shares. PNC Financial Services Group Inc. grew its stake in Great Plains Energy by 0.3% in the second quarter. Polar Asset Mngmt has 0.04% invested in Great Plains Energy Incorporated (NYSE:GXP) for 60,000 shares. Thanks to a rise of nearly 0.95% in the past five days, the stock price is now up 1.12% so far on the year - still in weak territory. Prudential PLC's holdings in Great Plains Energy were worth $395,000 as of its most recent filing with the Securities and Exchange Commission. Ffcm LLC now owns 4,018 shares of the utilities provider's stock worth $118,000 after purchasing an additional 2,538 shares in the last quarter. Virginia Retirement Systems ET AL grew its position in shares of Great Plains Energy by 24.7% during the second quarter.

On Thursday, Shares of iShares iBoxx $ High Yield Corp Bd ETF, (NYSE: HYG), make a change of -0.11% and closed at $88.29 in the last trading session. Three months ago, analysts assigned GXP a 3.67 rating, which implies that analysts have become more optimistic about the outlook for the stock over the next year.

Rutabaga Capital Management Llc Ma holds 3.49% of its portfolio in Calgon Carbon Corporation for 1.24 million shares. Institutional investors and hedge funds own 87.90% of the company's stock.

GXP has been the subject of several research analyst reports. BidaskClub raised Great Plains Energy from a hold rating to a buy rating in a report on Tuesday, August 8th. Argus Research maintained the stock with "Buy" rating in Monday, November 30 report. The price/earnings to growth ratio (PEG ratio) is a stock's price-to-earnings (P/E) ratio divided by the growth rate of its earnings for a specified time period. Ladenburg Thalmann upgraded Great Plains Energy Incorporated (NYSE:GXP) on Wednesday, October 26 to "Buy" rating. Of those analysts, 4 rate stock as a Strong Buy, 5 rate it as Hold, and just no analyst rates it as a Moderate Sell. The company has a consensus rating of "Buy" and a consensus target price of $31.43.

Ahl Ltd Liability Partnership has 0.22% invested in Great Plains Energy Incorporated (NYSE:GXP) for 355,651 shares. The company has market cap of $42.77 million. The company's Market capitalization is $6.90B with the total Outstanding Shares of 216.15M.


Great Plains Energy Incorporated (GXP)'s ROE is 0%, while industry's is 16.27%.

Looking forward to the ratio analysis, the co has price to earnings ratio of 17.31, which is indicating if firm is fluctuating between 15 and 25 than it lies on average position; but sometimes if it's under this value some experts consider it as undervalue security. The current Wall Street consensus is expecting Great Plains Energy Inc (NYSE:GXP) to report EPS of $N/A for the quarter. After $0.14 actual EPS reported by Calgon Carbon Corporation for the previous quarter, Wall Street now forecasts 21.43% EPS growth. Great Plains Energy had a net margin of 8.00% and a return on equity of 5.62%. This works out to a decrease of -4.86% compared to last year's earnings. Analysts forecast earnings per share of $1.00, exactly $0.00 or 0.00 % from 2014's $1 EPS.

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 20th. The ex-dividend date was Friday, August 25th. Lpl Fincl Lc has invested 0% in Great Plains Energy Incorporated (NYSE:GXP). It dived, as 38 investors sold GXP shares while 106 reduced holdings. Edge Asset Management, Inc claims 1,528,639 shares valued at $44,667,000. The transaction was disclosed in a document filed with the SEC, which is available through this link. Of those transactions, there were 168,218 shares of GXP bought and 105,109 shares sold. The PEG ratio is used to determine a stock's value while taking the company's earnings growth into account, and is considered to provide a more complete picture than the P/E ratio. The disclosure for this sale can be found here. GXP's institutional ownership was registered as 92.30% while insider ownership was 0.20%.

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Great Plains Energy Incorporated (Great Plains Energy), launched on February 26, 2001, is a utility holding company. The Firm operates through four divisions: Activated Carbon and Service, Equipment, Consumer and Other. 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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