Somewhat Positive Media Coverage Somewhat Unlikely to Affect Great Plains Energy (GXP) Stock Price
News stories about Great Plains Energy (NYSE:GXP) have been trending somewhat positive recently, according to Accern. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Great Plains Energy earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned news stories about the utilities provider an impact score of 45.6573314562746 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Great Plains Energy (NYSE GXP) opened at 30.66 on Friday. Great Plains Energy has a 12-month low of $25.85 and a 12-month high of $31.69. The firm’s 50-day moving average is $30.97 and its 200 day moving average is $29.56. The company has a market cap of $6.61 billion, a price-to-earnings ratio of 36.37 and a beta of 0.45.
Great Plains Energy (NYSE:GXP) last released its quarterly earnings data on Wednesday, August 9th. The utilities provider reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by $0.04. The company had revenue of $682.60 million for the quarter, compared to analysts’ expectations of $677 million. Great Plains Energy had a negative net margin of 1.11% and a negative return on equity of 1.70%. During the same period last year, the company posted $0.55 EPS. On average, equities analysts expect that Great Plains Energy will post $1.59 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Tuesday, August 29th will be paid a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date is Friday, August 25th. Great Plains Energy’s dividend payout ratio (DPR) is presently 105.77%.
A number of research analysts recently issued reports on the stock. BidaskClub upgraded shares of Great Plains Energy from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Zacks Investment Research lowered shares of Great Plains Energy from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. KeyCorp reiterated a “hold” rating on shares of Great Plains Energy in a report on Friday, September 1st. Finally, J P Morgan Chase & Co upgraded shares of Great Plains Energy from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $31.00 to $32.00 in a report on Tuesday, July 11th. Five equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $31.56.
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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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